Is Commercial Metals stock halal to invest in?

Company Name
Company Symbol
Exchange
Commercial Metals
CMC
NYSE
CMC
Halal
Commercial Metals
NYSE

Warning: The result may change based on other methodologies. As of the recent update on Tuesday 7th of February 2023 , is considered as Halal based on FTSE methodology. To access full report and unlock the detailed results with associated ratios for 5 halal investment methodologies, you can click below.

Detailed report based on FTSE methodology

Activity filter

Main Activity
Activity test result
Metals & Mining
PASS

Commercial Metals

Commercial Metals Company, recycles and markets steel and metal products, related materials and services. The Company operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. Americas Mills segment includes its three EAF mini mills, two EAF micro mills, a rerolling mill, two scrap metal shredders, eight scrap metal processing facilities that directly support the mills, and a railroad salvage operation, all of which are based in the U.S. Americas Fabrication segment consists of its steel fabrication facilities that bend, weld, cut and fabricate steel, primarily rebar, and produce steel fence posts. The International Mill segment is comprised of its mini mill, recycling and fabrication operations located in Poland. The Company also owns and manufactures GalvaBar, which is a continuous galvanized rebar (CGR).

Financial filter

Debt test

Total Debt
Interest free debt
Adjusted debt level
Total Asset
Debt Ratio
PASS or FAIL
$1,332,620,432
0
$1,332,620,432
$6,273,970,000
21.24%
PASS

Cash test

Cash
Cash Eq.
Short Term Investment
Total Asset
Cash & Eq. ratio
PASS or FAIL
$0
$582,070,000
$0
$6,273,970,000
9.28%
PASS

Acid test

Cash
Cash Eq.
Net Accounts Receivables
Total Asset
Quick ratio
PASS or FAIL
$0
$582,070,000
$1,287,290,000
$6,273,970,000
29.8%
PASS

Non permissible income filter

Net Interest Income (Expense) as non-Operating

Total Non permissible and doubtful income
Total revenue
Non permissible and doubtful income ratio
PASS or FAIL
-$13,430,000
$2,227,310,000
-0.6%
PASS