ACA
Arcosa, Inc.
Is ACA Halal?
Infrastructure-products maker — a permissible manufacturing business, with acquisition debt to screen.
What You Should Know
Arcosa produces aggregates and specialty construction materials and manufactures engineered utility, traffic, wind and telecommunications structures across North America. Its March 31, 2026 Form 10-Q reports assets of $5,002.3 million, interest-bearing debt of $1,521.1 million, cash of $153.2 million and receivables of $413.9 million. Debt/assets is 30.41%, liquidity/assets is 3.06%, and receivables-plus-cash/assets is 11.34%; known asset ratios pass the examined FTSE, MSCI and Malaysia-style limits. Interest income is $1.6 million, or 0.28% of quarterly revenue, while business allocation and held-for-sale operations remain qualitative.
⚠️ Concerns
- •Known debt/assets is 30.41%, below the examined 33% limits but close enough to monitor
- •Interest income of $1.6 million (0.28% of quarterly revenue) is disclosed; no scholar-approved purification percentage is asserted
- •Infrastructure and utility end use remains qualitative
- •Held-for-sale and discontinued operations require continuing review
- •Cyclical with construction and infrastructure demand; re-screen periodically
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,521.1 / 5,002.3
153.2 / 5,002.3
567.1 / 5,002.3
1.6 / 571.7
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.41%, liquidity/assets is 3.06%, receivables-plus-cash/assets is 11.34% and disclosed income is 0.28%; known ratios pass the examined FTSE limits, but business disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; business disclosure remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.41% and liquidity/assets is 3.06%, below the examined Malaysia limits; this is not an official classification and business disclosure remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; the known asset-based ratios pass and the business screen remains incomplete.
Business-activity disclosure
Arcosa produces aggregates and specialty construction materials and manufactures engineered utility, traffic, wind and telecommunications structures. These activities are generally permissible, while infrastructure end use, held-for-sale operations and acquisition exposure require qualitative review.
Limitation: The filing does not allocate revenue by downstream end use or provide a universal prohibited-revenue numerator.
Purification
Interest income of $1.6 million (0.28% of quarterly revenue) is disclosed for transparency; no scholar-approved purification percentage is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Arcosa's March 31, 2026 Form 10-Q.
- Debt combines current portion of long-term debt of $8.0 million and debt of $1,513.1 million, before subtracting debt issuance costs.
- Cash and cash equivalents are $153.2 million; no separate interest-bearing securities balance is identified.
- Receivables, net of allowance, are $413.9 million.
- Interest income is $1.6 million on quarterly revenue of $571.7 million; this is disclosed for transparency and is not a scholar-approved purification percentage.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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