Is On Holding AG (ONON) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.5% / 30% | 7.2% / 30% | 2.1% / 30% | 1.01% / 5% | ✓ HALAL |
| DJIM | 2.5% / 33% | 7.2% / 33% | 2.1% / 33% | 1.01% / 5% | ✓ HALAL |
| MSCI | 14.6% / 33% | 41.3% / 33% | 12.3% / 33% | 1.01% / 5% | ✗ NOT HALAL |
| S&P | 2.5% / 33% | 7.2% / 33% | 2.1% / 33% | 1.01% / 5% | ✓ HALAL |
| FTSE | 14.6% / 33% | 41.3% / 33% | 12.3% / 50% | 1.01% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 62.8% | |
| Operating Margin | 11.0% | |
| Net Margin | 6.8% | |
| Return on Equity (ROE) | 13.5% | |
| Return on Assets (ROA) | 9.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $360M |
| Free Cash Flow | $281M |
| Total Debt | $522M |
| Debt-to-Equity | 31.9 |
| Current Ratio | 2.7 |
| Total Assets | $2.8B |
Price & Trading
| Last Close | $32.11 |
| 50-Day MA | $43.25 |
| 200-Day MA | $45.44 |
| Avg Volume | 5.2M |
| Beta | 2.1 |
|
52-Week Range
$31.41
| |
About On Holding AG (ONON)
On Holding AG, together with its subsidiaries, develops and distributes performance sports products under the On brand in Switzerland, the rest of Europe, the Middle East, Africa, the United States, the rest of the Americas, and the Asia-Pacific. The company offers athletic footwear, apparel, and accessories for performance running, performance outdoor, performance all day, performance training, performance tennis, and young movers. It sells its products to athletes and active customers through wholesale and direct-to-consumer channels; run specialty, general sporting goods, outdoor, luxury, street fashion, and lifestyle retailers; owned retail stores; and e-commerce platforms. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.
Purification Calculator
As a halal stock with 1.01% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is On Holding AG (ONON) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), On Holding AG is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is On Holding AG's debt ratio?
On Holding AG's debt ratio is 2.5% 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 14.6%.
Does On Holding AG require dividend purification?
Yes, On Holding AG has an impermissible income ratio of 1.01%, which means 1.01% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are On Holding AG's key financial metrics?
On Holding AG has a market capitalization of $10.7B, trailing P/E ratio of 42.1, and revenue of $3.0B. The company maintains a gross margin of 62.8% and a net margin of 6.8%. Return on equity stands at 13.5%.
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.