Carrier Global Corporation

CARR
Failed

Company Overview

Carrier Global Corp. engages in the provision of building and cold chain solutions. It also offers heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies. It also engages in the provision of building services such as audit, design, installation, system integration, repair, maintenance, and monitoring. The company operates through the following segments: HVAC, Refrigeration, and Fire and Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. The Refrigeration segment includes transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, intermodal and rail, as well as commercial refrigeration products. The Fire and Security segment provides a range of residential, commercial, and industrial technologies to protect people and property. The company was founded by Willis Carrier on June 26, 1915 and is headquartered in Palm Beach Gardens, FL.

Country
US
Market Cap
$51.55B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
80.58% failed
5% Threshold
80.6%
Liabilities Compliance
28.48% passed
33% Threshold
28.5%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Carrier Global Corporation
Ticker CARR
Main Business Building Products & Equipment
Type Securities
Industry Building Products & Equipment
Country US
Market Cap $51.55 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Product sales $18.0 $0.0 The sale of products (HVAC, refrigeration, fire and security)
Service sales $2.0 $0.0 -
Interest income $83.0 $83.0 -
Total $103.0 $83.0 80.58% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
current debt and capital lease obligation $51,000,000.0 0.10%
long term debt and capital lease obligation $14,630,000,000.0 28.38%
Total Interest-Bearing Debt $14,681,000,000.0 28.48%
Market Capitalization $51,545,863,500.0 100.00%
Compliance Status Threshold: 33% passed