Annotated balance sheet · halal screening

Elanco Animal Health Incorporated

The full balance sheet for ELAN, with the line items that feed each halal check marked and explained inline. Read it like a financial report that grades itself.

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Annotated balance sheet · halal screening

Elanco Animal Health Incorporated — Q1 2026

Source: SEC Form 10-Q filed 2026-03-31 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$428

Marketable securities①

Accounts receivable

$1,154

Inventories

$1,717

Other current assets

$285

Total current assets

$3,584

Non-current Assets

Property, plant & equipment, net②tangible

$1,395

Operating lease right-of-use assets②tangible

Long-term marketable securities①

Goodwill

$4,723

Intangible assets, net

$3,225

Other non-current assets

$295

Total non-current assets

$9,638

TOTAL ASSETS

$13,222

CHECK ①

Cash + Securities Ratio

under AAOIFI

3.6%

✓ PASS

Threshold≤ 30%Buffer26.4 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →45%

Caps how much of a company's value can be held in interest-bearing financial assets — too much suggests the business is more about earning interest than producing real goods/services.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.5.1

Liabilities

Current Liabilities

Accounts payable

$372

Other current liabilities

$1,217

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$73

Total current liabilities

$1,662

Non-current Liabilities

Long-term debt③interest-bearing

$3,918

Other non-current liabilities

$776

Total non-current liabilities

$4,694

TOTAL LIABILITIES

$6,722

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

33.3%

✗ FAIL

Threshold≤ 30%Shortfall3.3 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →45%

Caps how much of a company's value comes from interest-bearing loans. Companies that rely heavily on riba (interest-based debt) fail this check even if their business itself is permissible.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.4.2

Income Statement Excerpt (trailing 12 months)

Total revenue

$4,893

Of which:

Product & services revenue

$4,893

Interest income④non-permissible

$22

CHECK ④

Non-permissible Income Ratio

under AAOIFI

0.4%

✓ PASS

Threshold≤ 5%Buffer4.6 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →8%

Caps what fraction of company revenue can come from non-permissible sources. If your stock passes but interest income is high, you'd 'purify' your share of that income through charity.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.6

Final verdict — under AAOIFI Standard

Borderline

Sector check passes: ✓ yes

Want to verify against the primary document? Open full SEC filing

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