Is Array Technologies, Inc. (ARRY) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 73.6% / 30% | 23.5% / 30% | 26.1% / 30% | 0.92% / 5% | ✗ NOT HALAL |
| DJIM | 73.6% / 33% | 23.5% / 33% | 26.1% / 33% | 0.92% / 5% | ✗ NOT HALAL |
| MSCI | 52.8% / 33% | 16.8% / 33% | 18.7% / 33% | 0.92% / 5% | ✗ NOT HALAL |
| S&P | 73.6% / 33% | 23.5% / 33% | 26.1% / 33% | 0.92% / 5% | ✗ NOT HALAL |
| FTSE | 52.8% / 33% | 16.8% / 33% | 18.7% / 50% | 0.92% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.5% | |
| Operating Margin | -7.9% | |
| Net Margin | -4.1% | |
| Return on Equity (ROE) | -19.0% | |
| Return on Assets (ROA) | 4.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $102M |
| Free Cash Flow | $80M |
| Total Debt | $766M |
| Debt-to-Equity | 294.3 |
| Current Ratio | 2.3 |
| Total Assets | $1.5B |
Price & Trading
| Last Close | $7.28 |
| 50-Day MA | $9.32 |
| 200-Day MA | $8.38 |
| Avg Volume | 6.4M |
| Beta | 1.8 |
|
52-Week Range
$3.76
| |
About Array Technologies, Inc. (ARRY)
Array Technologies, Inc. engages in the manufacture and sale of solar tracking technology products in the United States, Spain, Brazil, Australia, and internationally. It operates through two segments, Array Legacy Operations and STI Operations. The company's products portfolio includes DuraTrack HZ V3, a single axis tracker; Array STI H250, a dual-row tracker system; Array OmniTrack; Array SkyLink, a photovoltaic-powered control tracker system; and SmarTrack, a software and control-based product. Array Technologies, Inc. was incorporated in 1987 and is headquartered in Albuquerque, New Mexico.
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Frequently Asked Questions
Is Array Technologies, Inc. (ARRY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Array Technologies, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Array Technologies, Inc.'s debt ratio?
Array Technologies, Inc.'s debt ratio is 73.6% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 52.8%.
What are Array Technologies, Inc.'s key financial metrics?
Array Technologies, Inc. has a market capitalization of $1.1B, and revenue of $1.3B. The company maintains a gross margin of 25.5% and a net margin of -4.1%. Return on equity stands at -19.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.