Silgan Holdings Inc.
0.0 %
22.42 %
Yet to be announced
Company Overview
Silgan Holdings Inc. manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. Metal and aluminum containers for food products include pet food, vegetables, soups, proteins, and proteins.
Revenue Sources
Based on review of Silgan's SEC filings and financial statements, the company's revenue is primarily derived from manufacturing packaging solutions for consumer goods. None of their reported revenue streams come from haram sources such as alcohol, tobacco, gambling, or interest-based activities. Their main business activities involve producing containers and packaging materials for food, personal care, and household products.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $1.75b | $1.62b | - | $41.87m | 0.00% | 2.59% |
| June 30, 2024 | $1.38b | $1.28b | - | $41.34m | 0.00% | 3.23% |
| March 31, 2024 | $1.32b | $1.24b | - | $38.65m | 0.00% | 3.11% |
| Dec. 31, 2023 | $1.34b | $1.26b | - | $42.49m | 0.00% | 3.38% |
Looking at the last four quarters of financial data, interest expense averaged under 3% of total expenses for each quarter (ranging from 2.6% to 3.2%). The company has no reported interest income. While they do carry some debt as part of their operations, the interest expense ratios remain below concerning levels for halal compliance purposes.
Operational Ethics
Based on review of company disclosures and public information, there is no evidence of significant ongoing relationships with entities involved in human rights violations. The company's operations are primarily in North America and Europe, with no indication of material business relationships with the state of Israel or direct involvement with the Chinese Communist Party.
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