Corning, Inc.
0.0 %
53.46 %
Yet to be announced
Company Overview
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products.
Revenue Sources
Based on Corning's SEC filings and business segments, their revenue primarily comes from manufacturing and selling specialty glass, ceramics, optical communications equipment, and life sciences products. None of these core business activities are categorized as haram. The company does not derive significant revenue from prohibited activities such as alcohol, gambling, or interest-based financial services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $3.39b | $3.17b | - | $83.0m | 0.00% | 2.62% |
| June 30, 2024 | $3.25b | $3.15b | - | $84.0m | 0.00% | 2.67% |
| March 31, 2024 | $2.98b | $2.8b | - | $83.0m | 0.00% | 2.96% |
| Dec. 31, 2023 | $2.99b | $3.01b | - | $90.0m | 0.00% | 2.99% |
Looking at the last four quarters of financial data, interest expense ratios relative to total expenses were: Q3 2024: 2.62%, Q2 2024: 2.67%, Q1 2024: 2.96%, Q4 2023: 2.99%. While these percentages are slightly elevated, they remain within acceptable limits for a manufacturing company with significant capital requirements.
Operational Ethics
After reviewing Corning's public disclosures and operations, there is no evidence of significant ongoing projects or R&D centers in Israel. While the company does have operations in China, there is no clear evidence of direct material collaboration with the Chinese Communist Party that would constitute a violation of this criterion.
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