Evergy

Halal Rating :
Uncomfortable
Last Price $65.2
Market Cap $15.0b
1D Change

-0.05 %

1 Year Change

26.49 %

Next Earnings Date

Yet to be announced

Company Overview

Evergy, Inc. generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources. The company has approximately 10,100 circuit miles of transmission lines. It serves approximately 1,620,400 customers, including residences, commercial firms, industrials, municipalities, and other electric utilities.

Revenue Sources

Pass

Based on review of Evergy's revenue sources, the company generates its primary revenue from regulated electric utility operations, including electricity generation, transmission, and distribution services. These core business activities are halal as they provide essential services and involve the exchange of real assets and value.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $1.81b $1.33b - $143.9m 0.00% 10.84%
June 30, 2024 $1.45b $1.23b - $143.6m 0.00% 11.65%
March 31, 2024 $1.33b $1.2b - $133.2m 0.00% 11.06%
Dec. 31, 2023 $1.19b $1.14b - $132.2m 0.00% 11.60%

Analysis of the last four quarters shows interest expense ratios of 10.8%, 11.6%, 11.0%, and 11.6% of total expenses respectively. Since these ratios consistently exceed 5% of total expenses, the company fails this criterion.

Operational Ethics

Pass

Based on review of company documents, news sources, and operations, 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.

Rating Justification

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