Edwards Lifesciences

Halal Rating :
Comfortable
Last Price $70.3
Market Cap $41.49b
1D Change

-1.99 %

1 Year Change

-23.65 %

Next Earnings Date

Yet to be announced

Company Overview

Edwards Lifesciences Corporation is a global leader in patient-focused medical innovations for structural heart disease and critical care monitoring. The company is primarily known for designing, manufacturing, and marketing artificial heart valves, surgical heart valve repair products, and other cardiovascular devices. Their main products include transcatheter heart valves, surgical heart valves, critical care monitoring systems, and hemodynamic monitoring systems.

Revenue Sources

Pass

Edwards Lifesciences' primary revenue streams come from medical devices and healthcare products, specifically heart valves and monitoring systems. These products and services are halal as they provide essential medical care and save lives. The company's revenue is derived from legitimate medical technology sales and services.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $1.35b $979.5m - $-24,000,000.0 0.00% 2.48%
June 30, 2024 $1.39b $1.0b - $-16,000,000.0 0.00% 1.55%
March 31, 2024 $1.6b $1.19b - $-16,000,000.0 0.00% 1.38%
Dec. 31, 2023 $1.77b $1.36b - $50.4m 0.00% 3.72%

Based on the financial data from the last four quarters, Edwards Lifesciences' interest expense to total expense ratios have remained consistently below the 5% threshold. The company's interest expenses are minimal relative to their operational expenses, indicating that interest-bearing debt does not play a material role in their business model.

Operational Ethics

Pass

Based on review of Edwards Lifesciences' operations and public disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. While the company operates globally, there are no documented material ties to the state of Israel or direct involvement with the Chinese Communist Party that would raise concerns.

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