Idexx Laboratories

Halal Rating :
Comfortable
Last Price $465
Market Cap $38.08b
1D Change

0.15 %

1 Year Change

-17.41 %

Next Earnings Date

Yet to be announced

Company Overview

IDEXX Laboratories, Inc. is a global leader in veterinary diagnostics, veterinary practice software, and water microbiology testing. The company develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets. Their products include diagnostic instruments and consumables, digital radiography systems, practice management software, and reference laboratory services.

Revenue Sources

Pass

Based on IDEXX's business model and revenue sources, their primary income streams come from veterinary diagnostic products, software services, and water testing solutions. None of these core business activities involve haram products or services like gambling, alcohol, tobacco, or interest-based financial services. Their revenue is derived from legitimate products and services that provide real value to customers in animal healthcare and environmental testing.

Reliance on Interest

Pass
Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $975.54m $679.35m - $7.7m 0.00% 1.13%
June 30, 2024 $1.0b $747.88m - $8.1m 0.00% 1.08%
March 31, 2024 $964.1m $673.05m - $7.91m 0.00% 1.18%
Dec. 31, 2023 $901.6m $665.56m - $9.27m 0.00% 1.39%

Analyzing the last four quarters of financial data: The company's interest expense relative to total expenses has remained consistently low, never exceeding 1.5% of total expenses in any quarter. This indicates that interest-bearing debt plays a minimal role in the company's operations and financing structure.

Operational Ethics

Pass

After reviewing available information from SEC filings, company reports, and public sources, there is no evidence of significant ongoing associations with entities involved in human rights violations. While IDEXX operates globally, there are no documented material ties to the state of Israel or direct involvement with the Chinese Communist Party that would raise concerns.

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