GNTX

Gentex Corp.

Halal Rating :
Comfortable
Last Price $28.3
Market Cap $5.9b
1D Change

0.0 %

1 Year Change

-14.61 %

Next Earnings Date

Yet to be announced

Company Overview

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products. It operates through Automotive Products and Other segments. The company also sells variable dimmable windows to aircraft manufacturers and airline operators. Gentex was incorporated in 1974 and is headquartered in Zeeland, Michigan.

Revenue Sources

Pass

Based on review of Gentex's financial statements and business activities, their revenue primarily comes from the manufacture and sale of auto-dimming mirrors, automotive electronics, and safety products. These are all halal products that serve legitimate purposes. The company does not derive any significant revenue from prohibited activities such as alcohol, gambling, tobacco, or other haram sources.

Reliance on Interest

Pass
Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $608.53m $482.8m - - 0.00% 0.00%
June 30, 2024 $572.93m $458.04m - - 0.00% 0.00%
March 31, 2024 $590.23m $460.88m - - 0.00% 0.00%
Dec. 31, 2023 $589.13m $456.36m - - 0.00% 0.00%

Analysis of Gentex's financial statements over the past four quarters shows zero interest income and zero interest expense. The company operates with minimal debt and does not rely on interest-based income or financing for its operations. This indicates that interest plays no material role in the company's business model.

Operational Ethics

Pass

After reviewing Gentex's operations and public disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's manufacturing facilities are primarily located in Michigan, USA, with additional facilities in Germany. There are no documented ongoing projects or R&D centers in Israel or significant ties to the Chinese Communist Party.

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