WTS
Watts Water Technologies, Inc.
Is WTS Halal?
Flow-control, water and HVAC equipment — a generally permissible industrial business whose known current asset-based ratios pass, with activity classification incomplete.
What You Should Know
Watts Water Technologies manufactures water-flow-control, plumbing, drainage, HVAC and water-quality products. Its March 29, 2026 Form 10-Q reports assets of $2,939.8 million, debt and leases of $197.8 million, cash of $374.7 million, receivables of $374.4 million and quarterly revenue of $677.3 million. Debt/assets is 6.73%, liquidity/assets is 12.75%, receivables plus cash/assets is 25.48% and disclosed interest income is 0.25% of revenue. No universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Known asset-based ratios pass, but no universal prohibited-revenue numerator is disclosed
- •Commercial, residential and industrial water, HVAC and energy end uses require qualitative review
- •Disclosed interest income is 0.25% of quarterly revenue; no fixed purification percentage asserted
- •Debt, lease and acquisition activity can change the screen
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-15.
197.8 / 2,939.8
374.7 / 2,939.8
749.1 / 2,939.8
1.7 / 677.3
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 6.73%, liquidity/assets is 12.75%, receivables-plus-cash/assets is 25.48% and disclosed interest income is 0.25%; the activity numerator remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
The known asset-based ratios are below the examined limits; no universal prohibited-revenue numerator is disclosed.
- Financial
- Pass
- Overall
- Incomplete
The known financial ratios pass the examined limits. This is not an official classification and the activity numerator remains qualitative.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored; the total-assets ratios are shown separately.
Business-activity disclosure
Watts manufactures water-flow-control, plumbing, drainage, HVAC and water-quality products. The core industrial activity is generally permissible, while downstream end-use allocation remains qualitative.
Limitation: The filing does not provide a universal prohibited-revenue numerator across customer and end-use categories.
Purification
The filing discloses $1.7 million of interest income, but no scholar-specific purification instruction or universal prohibited-revenue numerator is provided.
Inputs, assumptions and primary sources
- Amounts are USD millions from Watts Water Technologies' March 29, 2026 Form 10-Q.
- The filing reports $197.8 million of long-term debt and $2,939.8 million of total assets.
- Cash is $374.7 million and trade accounts receivable is $374.4 million.
- Quarterly revenue is $677.3 million and disclosed interest income is $1.7 million, approximately 0.25% of revenue.
- Water, plumbing, HVAC and flow-control products are generally permissible, but no universal prohibited-revenue numerator is asserted.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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