ZWS
Zurn Elkay Water Solutions Corporation
Is ZWS Halal?
Water-management products are generally permissible and all known asset-based ratios pass; product end-use classification remains methodology-dependent.
What You Should Know
Zurn Elkay Water Solutions Corporation designs and markets water-safety, flow-control, drainage, plumbing and drinking-water products. The core activity supports safe water access and is generally permissible. Its March 31, 2026 Form 10-Q reports $2,684.4 million of assets, $499.0 million of interest-bearing debt, $273.5 million of cash and $242.7 million of receivables. Debt/assets is 18.59%, liquidity/assets is 10.19% and receivables-plus-cash/assets is 19.23%, below the examined asset-based limits. The filing reports $2.1 million of interest income, or 0.48% of quarterly net sales. The public filing does not quantify a universal prohibited-activity numerator for every customer or end use, so the result is methodology-dependent rather than an official certification.
⚠️ Concerns
- •Debt/assets is 18.59% ($499.0 million / $2,684.4 million), below the examined asset-based limits
- •Interest income/revenue is 0.48%; purification treatment remains scholar- and methodology-dependent
- •Product and customer end uses are not fully allocated into a prohibited-activity numerator
- •PMC is presented as discontinued operations after separation
- •Re-screen after a newer filing, acquisition or material product-mix change
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
499 / 2,684.4
273.5 / 2,684.4
516.2 / 2,684.4
2.1 / 433
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 18.59%, liquidity/assets is 10.19%, receivables plus cash/assets is 19.23% and interest income/revenue is 0.48%; known financial ratios pass, but activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined total-assets limits; product end-use classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios pass the examined limits; this is not an official SAC classification and activity evidence remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and qualitative product treatment remains incomplete.
Business-activity disclosure
Zurn Elkay designs, manufactures and markets water-safety, flow-control, drainage, plumbing and drinking-water products. These products are generally permissible and support safe water access, while the filing does not provide a universal prohibited-activity numerator.
Limitation: The filing reports product and geographic categories but does not quantify a scholar-approved prohibited-activity revenue numerator for every end use or customer.
Purification
Zurn Elkay discloses $2.1 million of interest income, or 0.48% of quarterly net sales, but no scholar-approved fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Zurn Elkay's March 31, 2026 Form 10-Q.
- Debt combines $1.4 million of current maturities and $497.6 million of long-term debt; operating leases are excluded.
- Cash and cash equivalents are $273.5 million; no separate interest-bearing securities balance is identified.
- Receivables, net are $242.7 million and quarterly net sales are $433.0 million.
- The filing reports $2.1 million of interest income for the quarter.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →