Garmin Ltd.
0.76 %
17.26 %
Yet to be announced
Company Overview
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices.
Revenue Sources
PassBased on Garmin's financial reports and business operations, their primary revenue streams come from the sale of GPS devices, wearable technology, and related services. These products and services are halal in nature as they provide tangible value through navigation, fitness tracking, and communication capabilities. There is no evidence of revenue from gambling, alcohol, tobacco, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 29, 2025 | $1.54b | $1.2b | - | - | 0.00% | 0.00% |
| Dec. 28, 2024 | $1.82b | $1.31b | - | - | 0.00% | 0.00% |
| Sept. 28, 2024 | $1.59b | $1.15b | - | - | 0.00% | 0.00% |
| June 29, 2024 | $1.51b | $1.16b | - | - | 0.00% | 0.00% |
Based on the financial data provided for the last four quarters, Garmin shows zero interest income and zero interest expense consistently across all periods. This indicates the company operates without significant reliance on interest-bearing debt or interest-generating investments.
Operational Ethics
PassAfter reviewing Garmin's public disclosures and operations, there is no evidence of current material associations with Israel or the Chinese Communist Party. While the company sells products globally, there are no documented ongoing projects or R&D centers in Israel, nor any proven direct associations with the Chinese Communist Party that would raise concerns.
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