Geo Group, Inc.
0.0 %
182.91 %
Yet to be announced
Company Overview
GEO Group, Inc. owns, leases, and manages secure facilities, processing centers, and reentry centers in the United States, Australia, South Africa, and the United Kingdom. The company operates through four segments: U.S. Secure Services, Electronic Monitoring and Supervision Services, Reentry Services, and International Services. As of December 31, 2021, it owned and managed approximately 86,000 beds at 106 secure and community services facilities.
Revenue Sources
As a private prison operator, GEO Group's primary revenue comes from government contracts for operating correctional facilities and providing related services. While controversial, operating prisons and detention facilities is not inherently haram as it provides a necessary social service. The company's core operations do not involve gambling, alcohol, pork products, or other explicitly prohibited activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $557.88m | $45.5m | $-42,000,000.0 | $45.5m | 7.59% | 100.00% |
| June 30, 2024 | $473.29m | $50.64m | $-49,000,000.0 | $50.64m | 10.28% | 100.00% |
| March 31, 2024 | $556.81m | $51.3m | $-49,000,000.0 | $51.3m | 8.77% | 100.00% |
| Dec. 31, 2023 | $553.63m | $53.21m | $-49,000,000.0 | $53.21m | 8.89% | 100.00% |
Based on the financial data from the last four quarters, interest expenses represent a significant portion of the company's total expenses. The interest expense ratios consistently exceed the 5% threshold that would indicate an acceptable level for halal compliance.
Operational Ethics
There are significant ethical concerns regarding GEO Group's operations. Multiple human rights organizations have documented cases of alleged mistreatment of detainees, poor living conditions, and inadequate medical care in GEO-operated facilities. While these issues are serious, they do not constitute direct association with entities like the CCP or Israel.
Login to join the discussion