FTI

TechnipFMC plc

Halal Rating :
Comfortable
Last Price $30.8
Market Cap $13.1b
1D Change

-1.63 %

1 Year Change

39.83 %

Next Earnings Date

Yet to be announced

Company Overview

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. Surface Technologies segment designs, manufactures, and services products and systems used in land and shallow water exploration and production of crude oil and natural gas. Subsea segment provides subsea production and processing systems; subsea umbilicals, risers, and flowlines; vessels; and Subsea Studio for optimizing the development, execution, and operation of current and future subsea fields.

Revenue Sources

Pass

Based on review of TechnipFMC's financial statements and business operations, their revenue is primarily derived from providing technology, equipment, and services to the energy sector. The company's core business activities are focused on subsea systems, surface technologies, and offshore platforms - all of which are halal business activities as they involve the exchange of real products and services.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $2.35b $2.08b - $22.2m 0.00% 1.07%
June 30, 2024 $2.33b $2.04b - $27.1m 0.00% 1.33%
March 31, 2024 $2.04b $1.91b - $26.4m 0.00% 1.38%
Dec. 31, 2023 $2.08b $1.97b - $30.1m 0.00% 1.53%

Analyzing the last four quarters, the company's interest expense remains consistently low relative to total expenses. The interest expense ratios calculated for each quarter show that interest-related activities are not a material part of the company's business model. The company primarily uses debt for operational purposes rather than as a core revenue stream.

Operational Ethics

Pass

After reviewing publicly available information, including the company's annual reports, SEC filings, and corporate statements, there is no evidence of significant ongoing associations with entities involved in human rights violations. While the company operates globally, there are no documented substantial ties to the Chinese Communist Party or current operations in Israel that would raise concerns.

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