Is Waste Connections, Inc. (WCN) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 21.0% / 30% | 0.1% / 30% | 2.5% / 30% | 0.13% / 5% | ✓ HALAL |
| DJIM | 21.0% / 33% | 0.1% / 33% | 2.5% / 33% | 0.13% / 5% | ✓ HALAL |
| MSCI | 43.2% / 33% | 0.2% / 33% | 5.1% / 33% | 0.13% / 5% | ✗ NOT HALAL |
| S&P | 21.0% / 33% | 0.1% / 33% | 2.5% / 33% | 0.13% / 5% | ✓ HALAL |
| FTSE | 43.2% / 33% | 0.2% / 33% | 5.1% / 50% | 0.13% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 42.4% | |
| Operating Margin | 18.0% | |
| Net Margin | 11.4% | |
| Return on Equity (ROE) | 13.4% | |
| Return on Assets (ROA) | 5.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.4B |
| Free Cash Flow | $1.2B |
| Total Debt | $9.1B |
| Debt-to-Equity | 110.9 |
| Current Ratio | 0.6 |
| Total Assets | $21.1B |
Price & Trading
| Last Close | $157.18 |
| 50-Day MA | $166.50 |
| 200-Day MA | $174.96 |
| Avg Volume | 1.6M |
| Beta | 0.6 |
|
52-Week Range
$154.90
| |
About Waste Connections, Inc. (WCN)
Waste Connections, Inc. provides non-hazardous waste collection, transfer, and disposal services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company owns and operates transfer stations that receive, compact, and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; develops, owns, and operates projects or the beneficial reuse of landfill gas through landfill network; and intermodal services for the movement of cargo and solid waste containers. In addition, it provides E&P waste treatment, recovery, and disposal services for waste created through the initial drilling and completion of an oil or natural gas well, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.
Purification Calculator
As a halal stock with 0.13% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Waste Connections, Inc. (WCN) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Waste Connections, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Waste Connections, Inc.'s debt ratio?
Waste Connections, Inc.'s debt ratio is 21.0% 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 43.2%.
Does Waste Connections, Inc. require dividend purification?
Yes, Waste Connections, Inc. has an impermissible income ratio of 0.13%, which means 0.13% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Waste Connections, Inc.'s key financial metrics?
Waste Connections, Inc. has a market capitalization of $39.9B, trailing P/E ratio of 37.4, and revenue of $9.5B. The company maintains a gross margin of 42.4% and a net margin of 11.4%. Return on equity stands at 13.4%.
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.