Lyft Inc
0.0 %
7.97 %
Yet to be announced
Company Overview
Lyft is a transportation network company that operates a peer-to-peer ridesharing marketplace and transportation network. The company's platform connects drivers with riders through its mobile application. Lyft primarily generates revenue from service fees and commissions from rides completed through its platform.
Revenue Sources
Lyft's primary revenue comes from facilitating transportation services through its ridesharing platform, which is halal. The company generates fees from connecting riders with drivers and takes a commission from completed rides. This business model involves the exchange of real services and creates value for both parties involved.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $1.52b | $1.59b | - | $7.36m | 0.00% | 0.46% |
| June 30, 2024 | $1.44b | $1.47b | - | $7.85m | 0.00% | 0.53% |
| March 31, 2024 | $1.28b | $1.35b | - | $7.05m | 0.00% | 0.52% |
| Dec. 31, 2023 | $1.22b | $1.29b | - | $8.43m | 0.00% | 0.65% |
Looking at the last four quarters, Lyft's interest expenses have been consistently low relative to total expenses. The interest expense ratio remains well below the 5% threshold for all quarters examined. The company's core operations are not dependent on interest-based income or financing.
Operational Ethics
Based on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company primarily operates in North America and does not have material operations or partnerships with entities of concern.
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