Is Southwest Gas Holdings, Inc. (SWX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 80.0% / 30% | 5.8% / 30% | 13.0% / 30% | 0.66% / 5% | ✗ NOT HALAL |
| DJIM | 80.0% / 33% | 5.8% / 33% | 13.0% / 33% | 0.66% / 5% | ✗ NOT HALAL |
| MSCI | 42.1% / 33% | 3.0% / 33% | 6.8% / 33% | 0.66% / 5% | ✗ NOT HALAL |
| S&P | 80.0% / 33% | 5.8% / 33% | 13.0% / 33% | 0.66% / 5% | ✗ NOT HALAL |
| FTSE | 42.1% / 33% | 3.0% / 33% | 6.8% / 50% | 0.66% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 46.3% | |
| Operating Margin | 33.9% | |
| Net Margin | 22.7% | |
| Return on Equity (ROE) | 6.1% | |
| Return on Assets (ROA) | 2.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $556M |
| Free Cash Flow | -$252M |
| Total Debt | $3.5B |
| Debt-to-Equity | 88.6 |
| Current Ratio | 1.3 |
| Total Assets | $10.4B |
Price & Trading
| Last Close | $86.57 |
| 50-Day MA | $85.93 |
| 200-Day MA | $80.48 |
| Avg Volume | 654K |
| Beta | 0.6 |
|
52-Week Range
$64.69
| |
About Southwest Gas Holdings, Inc. (SWX)
Southwest Gas Holdings, Inc., through its subsidiary, Southwest Gas Corporation, purchases, distributes, and transports natural gas for residential, commercial, and industrial customers in Arizona, Nevada, and California in the United States. The company offers tariff sales and transportation services. It also operates a pipeline transmission system, including an LNG storage facility. As of December 31, 2025, the company served approximately 2,281,000 customers with 1,224,000 in Arizona, 849,000 in Nevada, and 208,000 in California. Southwest Gas Holdings, Inc. was founded in 1931 and is headquartered in Las Vegas, Nevada.
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Frequently Asked Questions
Is Southwest Gas Holdings, Inc. (SWX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Southwest Gas Holdings, 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 Southwest Gas Holdings, Inc.'s debt ratio?
Southwest Gas Holdings, Inc.'s debt ratio is 80.0% 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 42.1%.
What are Southwest Gas Holdings, Inc.'s key financial metrics?
Southwest Gas Holdings, Inc. has a market capitalization of $6.3B, trailing P/E ratio of 26.7, and revenue of $1.9B. The company maintains a gross margin of 46.3% and a net margin of 22.7%. Return on equity stands at 6.1%.
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.