CAPL
CrossAmerica Partners LP
Is CAPL Halal?
Motor-fuel wholesale and retail partnership with a current leverage-screen failure; convenience-site product mix remains qualitative.
What You Should Know
CAPL is CrossAmerica Partners LP, not a software company. Its audited December 31, 2025 Form 10-K reports USD 964.734 million of assets, USD 696.951 million of debt and finance leases, USD 3.137 million of cash, approximately USD 29.253 million of receivables and USD 3,662.534 million of revenue. Debt/assets is 72.25%, while liquidity/assets is 0.33% and receivables plus cash/assets is 3.35%. Fuel distribution is generally permissible, but convenience-site alcohol, leaseback and partnership-financing questions remain.
⚠️ Concerns
- •Debt/assets is 72.25%, above the examined limits
- •Convenience-site alcohol and product mix are not separately disclosed
- •Interest-rate swaps and conventional debt
- •CAPL is a preserved NYSE partnership ticker; the URL is unchanged
Current quantitative Sharia screen
Based on 10-K figures for the period ended 2025-12-31; calculated 2026-07-15.
696.951 / 964.734
3.137 / 964.734
32.39 / 964.734
- Financial
- Fails
- Overall
- Fails
Debt/assets is 72.25%, above the examined 33.333% limit; liquidity/assets is 0.33% and receivables-plus-cash/assets is 3.35%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 72.25%, above the examined MSCI total-assets limit; fuel-retail activity remains qualitatively incomplete.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 72.25%, above the examined Malaysia ratio; this is a ZakatInvest calculation, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the filing-based debt failure is documented.
Business-activity disclosure
CrossAmerica Partners is a motor-fuel wholesale and retail partnership with convenience-site real estate and company-operated retail locations. Fuel distribution is generally permissible, while convenience merchandise, alcohol sales, site leases and conventional partnership financing require review.
Limitation: The filing discloses segment and site operations but does not separately quantify alcohol or other potentially prohibited convenience-store sales.
Purification
No school-neutral prohibited-income numerator is disclosed; finance expense is not treated as prohibited revenue.
Inputs, assumptions and primary sources
- Amounts are USD millions from CrossAmerica Partners' audited 2025 Form 10-K.
- Credit-facility borrowings and finance leases total USD 696.951 million; cash is USD 3.137 million.
- Accounts receivable, including fuel, credit-card and related-party receivables, totals approximately USD 29.253 million; total revenue is USD 3,662.534 million.
- The filing does not provide a school-neutral prohibited-revenue or prohibited-income numerator.
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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