Is SPIRE INC (SR) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 95.5% / 30% | 0.1% / 30% | 6.1% / 30% | 0.47% / 5% | ✗ NOT HALAL |
| DJIM | 95.5% / 33% | 0.1% / 33% | 6.1% / 33% | 0.47% / 5% | ✗ NOT HALAL |
| MSCI | 44.7% / 33% | 0.0% / 33% | 2.8% / 33% | 0.47% / 5% | ✗ NOT HALAL |
| S&P | 95.5% / 33% | 0.1% / 33% | 6.1% / 33% | 0.47% / 5% | ✗ NOT HALAL |
| FTSE | 44.7% / 33% | 0.0% / 33% | 2.8% / 50% | 0.47% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 41.6% | |
| Operating Margin | 23.4% | |
| Net Margin | 11.1% | |
| Return on Equity (ROE) | 8.5% | |
| Return on Assets (ROA) | 3.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $578M |
| Free Cash Flow | -$344M |
| Total Debt | $5.2B |
| Debt-to-Equity | 155.8 |
| Current Ratio | 0.6 |
| Total Assets | $11.6B |
Price & Trading
| Last Close | $91.09 |
| 50-Day MA | $88.60 |
| 200-Day MA | $82.23 |
| Avg Volume | 380K |
| Beta | 0.6 |
|
52-Week Range
$69.94
| |
About SPIRE INC (SR)
Spire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas. In addition, the company engages in the operation of propane through its propane pipeline, risk management, and other activities. Spire Inc. was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in Saint Louis, Missouri.
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Frequently Asked Questions
Is SPIRE INC (SR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SPIRE 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 SPIRE INC's debt ratio?
SPIRE INC's debt ratio is 95.5% 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 44.7%.
What are SPIRE INC's key financial metrics?
SPIRE INC has a market capitalization of $5.4B, trailing P/E ratio of 19.8, and revenue of $2.5B. The company maintains a gross margin of 41.6% and a net margin of 11.1%. Return on equity stands at 8.5%.
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.