Timken Co.
0.0 %
-2.39 %
Yet to be announced
Company Overview
The Timken Company designs, manufactures, and manages engineered bearings and power transmission products. Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems. The Process Industries segment provides industrial bearings and assemblies; power transmission components, such as gears and gearboxes.
Revenue Sources
Based on the company's SEC filings and financial reports, Timken's revenue primarily comes from the manufacture and sale of bearings and power transmission products. These are halal industrial products that serve legitimate business purposes across various sectors. There is no evidence of revenue from prohibited sources such as alcohol, gambling, or other haram activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $1.13b | $1.01b | - | $30.3m | 0.00% | 3.00% |
| June 30, 2024 | $1.18b | $1.05b | - | $34.6m | 0.00% | 3.30% |
| March 31, 2024 | $1.19b | $1.04b | - | $32.2m | 0.00% | 3.10% |
| Dec. 31, 2023 | $1.09b | $1.0b | - | $30.8m | 0.00% | 3.07% |
Looking at the last four quarters, interest expense represents a material portion of total expenses, consistently exceeding 2.5% of total expenses. The company maintains significant debt as part of its capital structure, with interest expenses ranging from $30.3M to $34.6M per quarter.
Operational Ethics
While Timken has operations globally, there is no evidence of material ongoing collaborations with entities involved in human rights violations. The company does not appear to have R&D centers or significant operations in Israel.
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