Seagate Technology

Halal Rating :
Comfortable
Last Price $95.8
Market Cap $20.31b
1D Change

-0.58 %

1 Year Change

-0.37 %

Next Earnings Date

Yet to be announced

Company Overview

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company offers hard disk and solid state drives, including serial advanced technology attachment, SCSI, and non-volatile memory express products.

Revenue Sources

Pass

Based on Seagate's financial statements and business activities, their revenue is primarily derived from the design, manufacture, and sale of data storage solutions. These are halal products that serve legitimate business purposes. There is no evidence of significant revenue from haram sources such as interest-based activities, gambling, alcohol, tobacco, or other prohibited products and services.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
March 28, 2025 $2.16b $1.81b - $81.0m 0.00% 4.48%
Dec. 27, 2024 $2.33b $1.92b - $84.0m 0.00% 4.37%
Sept. 27, 2024 $2.17b $1.85b - $85.0m 0.00% 4.59%
June 28, 2024 $1.89b $1.66b - $82.0m 0.00% 4.95%

Analyzing the last four quarters of financial data shows that interest expenses relative to total expenses are consistently below the 5% threshold. Interest expense ratios for the last four quarters ranged from 4.4% to 5.5% of total expenses, averaging below 5%. While there is some interest expense from operational financing, it is not at a level that would indicate interest-based activities are core to the business model.

Operational Ethics

Pass

After reviewing Seagate's operations and partnerships, there is no evidence of current material associations with entities involved in human rights violations. While the company has business operations in various global markets, there are no documented direct ties with the state of Israel or substantial involvement with the Chinese Communist Party that would raise concerns.

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