Is Varex Imaging Corp (VREX) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 81.9% / 30% | 32.1% / 30% | 32.4% / 30% | 1.01% / 5% | ✗ NOT HALAL |
| DJIM | 81.9% / 33% | 32.1% / 33% | 32.4% / 33% | 1.01% / 5% | ✗ NOT HALAL |
| MSCI | 35.8% / 33% | 14.0% / 33% | 14.1% / 33% | 1.01% / 5% | ✗ NOT HALAL |
| S&P | 81.9% / 33% | 32.1% / 33% | 32.4% / 33% | 1.01% / 5% | ✗ NOT HALAL |
| FTSE | 35.8% / 33% | 14.0% / 33% | 14.1% / 50% | 1.01% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 34.2% | |
| Operating Margin | 7.3% | |
| Net Margin | -7.9% | |
| Return on Equity (ROE) | -12.9% | |
| Return on Assets (ROA) | 3.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $42M |
| Free Cash Flow | $19M |
| Total Debt | $396M |
| Debt-to-Equity | 81.8 |
| Current Ratio | 3.9 |
| Total Assets | $1.1B |
Price & Trading
| Last Close | $10.78 |
| 50-Day MA | $12.83 |
| 200-Day MA | $11.24 |
| Avg Volume | 334K |
| Beta | 0.9 |
|
52-Week Range
$6.76
| |
About Varex Imaging Corp (VREX)
Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. It operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers. This segment's products are used in a range of applications, including CT, mammography, oncology, cardiac, surgery, dental, and other diagnostic radiography uses. The Industrial segment designs, develops, manufactures, sells, and services Linatron X-ray linear accelerators, non-intrusive cargo inspection systems, X-ray tubes, digital detectors, high voltage connectors, and coolers for use in security and inspection applications, such as baggage screening at airports, cargo screening at ports and borders, and nondestructive testing, irradiation, and inspection in various applications. It sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, Latin America, Europe, the Middle East, India, Africa, Asia, and Australia. The company was incorporated in 2016 and is headquartered in Salt Lake City, Utah.
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Frequently Asked Questions
Is Varex Imaging Corp (VREX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Varex Imaging Corp 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 Varex Imaging Corp's debt ratio?
Varex Imaging Corp's debt ratio is 81.9% 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 35.8%.
What are Varex Imaging Corp's key financial metrics?
Varex Imaging Corp has a market capitalization of $450M, and revenue of $845M. The company maintains a gross margin of 34.2% and a net margin of -7.9%. Return on equity stands at -12.9%.
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.