Is STERIS plc (STE) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 9.7% / 30% | 0.8% / 30% | 4.6% / 30% | 0.15% / 5% | ✓ HALAL |
| DJIM | 9.7% / 33% | 0.8% / 33% | 4.6% / 33% | 0.15% / 5% | ✓ HALAL |
| MSCI | 21.7% / 33% | 1.7% / 33% | 10.3% / 33% | 0.15% / 5% | ✓ HALAL |
| S&P | 9.7% / 33% | 0.8% / 33% | 4.6% / 33% | 0.15% / 5% | ✓ HALAL |
| FTSE | 21.7% / 33% | 1.7% / 33% | 10.3% / 50% | 0.15% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 44.3% | |
| Operating Margin | 18.5% | |
| Net Margin | 12.1% | |
| Return on Equity (ROE) | 10.5% | |
| Return on Assets (ROA) | 6.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.1B |
| Free Cash Flow | $778M |
| Total Debt | $2.2B |
| Debt-to-Equity | 28.7 |
| Current Ratio | 2.5 |
| Total Assets | $10.1B |
Price & Trading
| Last Close | $223.43 |
| 50-Day MA | $243.06 |
| 200-Day MA | $244.91 |
| Avg Volume | 800K |
| Beta | 1.0 |
|
52-Week Range
$204.90
| |
About STERIS plc (STE)
STERIS plc provides infection prevention products and services worldwide. It operates in three segments: Healthcare, Applied Sterilization Technologies (AST), and Life Sciences. The Healthcare segment offers cleaning chemistries and sterility assurance products; automated endoscope reprocessing system and tracking products; endoscopy accessories, washers, sterilizers, and other pieces of capital equipment for the operation of a sterile processing department; and equipment used directly in procedure rooms, including surgical tables, lights, and connectivity solutions, as well as equipment management services. It also provides capital equipment installation, maintenance, upgradation, repair, and troubleshooting services; preventive maintenance programs and repair services; instrument, devices, and endoscope repair and maintenance services; and custom process improvement consulting and outsourced instrument sterile processing services. The AST segment provides contract sterilization and testing services for medical device and pharmaceutical manufacturers through a network of contract sterilization and laboratory facilities, as well as integrated sterilization equipment and control systems to medical device manufacturers and research institutions. The Life Sciences segment designs, manufactures, and sells consumable products, such as pharmaceutical detergents, cleanroom disinfectants and sterilants, pharmaceutical grade and research sterilizers and washers, sterility assurance and maintenance products, vaporized hydrogen peroxide room decontamination systems and sterilizers, and high purity water and pure steam generators. This segment also offers equipment installation, maintenance, upgradation, repair, and troubleshooting services; and preventive maintenance programs and repair services. It serves its products and services to hospitals, other healthcare providers, and pharmaceutical manufacturers. The company was founded in 1985 and is headquartered in Mentor, Ohio.
Purification Calculator
As a halal stock with 0.15% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is STERIS plc (STE) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), STERIS plc 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 STERIS plc's debt ratio?
STERIS plc's debt ratio is 9.7% 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 21.7%.
Does STERIS plc require dividend purification?
Yes, STERIS plc has an impermissible income ratio of 0.15%, which means 0.15% 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 STERIS plc's key financial metrics?
STERIS plc has a market capitalization of $21.5B, trailing P/E ratio of 30.6, and revenue of $5.5B. The company maintains a gross margin of 44.3% and a net margin of 12.1%. Return on equity stands at 10.5%.
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.