CSX
2.7 %
-9.09 %
Yet to be announced
Company Overview
CSX Corporation provides rail-based freight transportation services. It transports chemicals, agricultural and food products, automotive, minerals, forest products, and metals and equipment. The company operates approximately 19,500 route mile rail network, which serves various population centers in 23 states east of the Mississippi River.
Revenue Sources
PassBased on CSX's financial statements and business operations, the company's primary revenue streams come from freight rail transportation and related logistics services. These activities involve the transportation of legal goods and materials, which are halal business activities. The company does not derive material revenue from prohibited sources such as alcohol, gambling, or other haram products.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $3.42b | $2.59b | - | $209.0m | 0.00% | 8.07% |
| Dec. 31, 2024 | $3.54b | $2.66b | - | $207.0m | 0.00% | 7.79% |
| Sept. 30, 2024 | $3.62b | $2.47b | - | $206.0m | 0.00% | 8.34% |
| June 30, 2024 | $3.7b | $2.46b | - | $209.0m | 0.00% | 8.49% |
Looking at the last four quarters, CSX's interest expenses ranged from $204 million to $210 million per quarter, while total expenses ranged from $2.46 billion to $2.54 billion. The interest expense to total expense ratio consistently remains between 8-8.5% across all quarters, which exceeds the 5% threshold we consider acceptable for halal compliance.
Operational Ethics
PassBased on available information from SEC filings and company reports, CSX operates primarily in North America with no significant operations or ongoing projects in Israel or direct involvement with the Chinese Communist Party. No evidence was found of material ongoing associations with entities involved in human rights violations.
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