The Short Answer
SPX Technologies stock (SPXC) is generally halal at the known-financial-screen level, with a methodology-dependent status. HVAC and detection products are generally permissible, but the filing does not quantify every customer end use or acquired-business activity.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
674 / 3,879.5
156.5 / 3,879.5
548 / 3,879.5
1.1 / 566.8
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 17.37%, liquidity/assets is 4.03%, receivables plus cash/assets is 14.13% and interest income/revenue is 0.19%; 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; activity 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 activity treatment remains incomplete.
Business-activity disclosure
SPX Technologies makes HVAC equipment and detection-and-measurement systems. These industrial products are generally permissible, while acquired businesses, discontinued operations and customer end uses are not reduced to a universal prohibited-activity numerator.
Limitation: The filing reports segment revenue but does not quantify a scholar-approved prohibited-activity numerator for all applications or customer contracts.
Purification
SPX Technologies discloses $1.1 million of interest income, or 0.19% of quarterly revenue, but no scholar-approved fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from SPX Technologies' March 28, 2026 Form 10-Q.
- Debt combines $23.6 million of short-term debt, $6.7 million of current maturities and $643.7 million of long-term debt; operating leases are excluded.
- Cash and equivalents are $156.5 million; no separate interest-bearing securities balance is identified.
- Accounts receivable, net are $391.5 million and quarterly revenue is $566.8 million.
- The filing reports $1.1 million of interest income for the quarter; discontinued operations and acquired businesses remain qualitative context.
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.
What SPX Technologies Does
SPX operates HVAC and Detection & Measurement segments, including heating and cooling systems, underground-utility locators, inspection tools and communications infrastructure equipment. These industrial products are generally permissible; acquisitions and discontinued operations need context.
Current Quantitative Screen
The March 28, 2026 Form 10-Q reports $3,879.5 million of assets, $674.0 million of tracked interest-bearing debt, $156.5 million of cash and $391.5 million of accounts receivable.
- Debt/assets: 17.37% — below the examined limits.
- Liquidity/assets: 4.03% — below the examined limits.
- Receivables plus cash/assets: 14.13% — below the examined limits.
- Interest income/revenue: 0.19% from $1.1 million of disclosed interest income.
Known financial ratios pass the tracked asset-based methods; this is not an official certification.
Purification and Qualitative Review
The disclosed interest-income ratio is below the examined FTSE income limit, but no fixed purification percentage is inferred. Revisit acquisitions, discontinued operations and industrial end uses at each update.
Bottom Line
SPXC is generally halal at the known-screen level, with a methodology-dependent status. Re-screen after a newer filing or material acquisition.