EPAC
Enerpac Tool Group Corp.
Is EPAC Halal?
Industrial tools maker — a permissible manufacturing business with a conservative, low-debt balance sheet.
What You Should Know
Enerpac Tool Group Corp. designs and manufactures high-pressure hydraulic tools, controlled-force products, and related solutions for industrial maintenance, infrastructure, and heavy-lifting applications. Manufacturing industrial tools is a clearly permissible activity with no haram revenue line of its own. Enerpac is notable for a conservative, low-debt balance sheet, which makes the leverage screen straightforward — total debt / market cap should still be confirmed against the 33% threshold using the latest filings, but it has generally screened comfortably within range. The main residual item is interest income on Enerpac's cash balance, which should be checked against the 5% threshold and the corresponding portion of returns purified.
⚠️ Concerns
- •Confirm total debt / market cap stays under the 33% threshold against the latest filings, though leverage is typically low
- •Holds a cash balance that earns interest income — check it against the 5% threshold and purify the corresponding portion of returns
- •Manufacturer receivables should be confirmed against the board's threshold (49–70%) against the latest filings
- •Cyclical with industrial maintenance and infrastructure demand — re-screen the ratios periodically
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