Otis Worldwide
-0.75 %
-1.37 %
Yet to be announced
Company Overview
Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs passenger and freight elevators. The Service segment performs maintenance and repair services.
Revenue Sources
PassBased on review of Otis's financial statements and business operations, their revenue comes primarily from manufacturing, installing, and servicing elevators and escalators. These are essential infrastructure products that serve a clear beneficial purpose. There is no indication of revenue from prohibited sources like gambling, alcohol, or other haram activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| March 31, 2025 | $3.35b | $2.94b | - | - | 0.00% | 0.00% |
| Dec. 31, 2024 | $3.67b | $3.14b | - | - | 0.00% | 0.00% |
| Sept. 30, 2024 | $3.55b | $3.19b | - | - | 0.00% | 0.00% |
| June 30, 2024 | $3.6b | $3.03b | - | - | 0.00% | 0.00% |
Analysis of the last four quarters shows minimal interest expenses relative to total expenses. Only one quarter (Q1 2024) showed interest expense of $44 million, while other quarters had zero reported interest expense. Even in the quarter with interest expense, the ratio to total expenses was well below concerning levels.
Operational Ethics
PassWhile Otis operates globally, including in China, there is no clear evidence of material direct collaboration with the Chinese Communist Party. The company maintains standard business operations in various markets but appears to operate independently of government control or influence in these regions.
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