Akumin Inc
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Yet to be announced
Company Overview
Akumin Inc. is a provider of outpatient diagnostic imaging services in the United States. The company offers a range of medical imaging services including magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy, and other diagnostic and interventional radiology procedures.
Revenue Sources
Based on the review of Akumin's financial statements and business operations, the company generates its revenue primarily from medical imaging services and related healthcare activities. These services are considered halal as they provide essential healthcare diagnostics that benefit society. There is no evidence of revenue from prohibited sources such as alcohol, gambling, or other haram activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2023 | $180.62m | $256.68m | - | $33.87m | 0.00% | 13.20% |
| June 30, 2023 | $184.84m | $280.48m | - | $31.16m | 0.00% | 11.11% |
| March 31, 2023 | $187.59m | $216.04m | - | $30.7m | 0.00% | 14.21% |
| Dec. 31, 2022 | $184.63m | $235.15m | - | $30.36m | 0.00% | 12.91% |
The company's interest expenses relative to total expenses for the last four quarters were consistently high, averaging around 13-14% of total expenses. This indicates that interest plays a material role in the company's operations and financing structure. The high interest burden suggests significant reliance on interest-bearing debt.
Operational Ethics
Based on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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