VMC
Vulcan Materials Company
Is VMC Halal?
Construction aggregates, asphalt and concrete are generally permissible; the latest record is incomplete.
What You Should Know
Vulcan Materials' March 31, 2026 Form 10-Q reports 27.35% interest-bearing debt/assets, 0.86% cash-plus-restricted-cash/assets and 6.65% receivables-plus-cash/assets. The filing does not provide a standalone interest-income numerator or reproducible market-cap history.
⚠️ Concerns
- •Construction materials have broad downstream uses
- •Debt/assets is below but not far from the examined limit
- •Interest income is unavailable
- •Cash figure includes restricted cash in the cash-flow presentation
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
4,560 / 16,672.9
143.7 / 16,672.9
1,109.3 / 16,672.9
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 27.35%, cash/assets is 0.86% and receivables plus cash/assets is 6.65%; income is unavailable.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined limits, but income is unavailable; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Known debt/assets and liquidity/assets are below the examined limits, while income is unavailable; this is a contextual calculation.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed reproducible market-cap history is not stored; a spot estimate is not substituted.
Business-activity disclosure
Vulcan Materials produces aggregates, asphalt mix and ready-mixed concrete for construction. These materials businesses are generally permissible, while downstream project use and a separate interest-income numerator are not quantified into a school-specific screen.
Limitation: The filing does not provide a reproducible market-cap history or standalone interest-income numerator.
Purification
Interest income is not separately disclosed; investors should seek qualified guidance and no fixed percentage is prescribed.
Inputs, assumptions and primary sources
- Amounts are USD millions from Vulcan Materials' March 31, 2026 Form 10-Q.
- Total debt is 4,560.0 including short-term debt of 197.0 and long-term debt of 4,363.0; leases are excluded.
- Cash and cash equivalents plus restricted cash are 143.7 and accounts and notes receivable are 965.6.
- Quarterly total revenues are 1,755.9.
- The filing reports interest expense but does not provide a standalone interest-income numerator or prohibited-revenue taxonomy.
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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