Annotated balance sheet · halal screening

Fortis Inc.

The full balance sheet for FTS, 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

Fortis Inc. — Q1 2026

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

Assets

Current Assets

Cash & cash equivalents①

$263

Marketable securities①

Accounts receivable

$1,336

Inventories

$471

Other current assets

$798

Total current assets

$2,867

Non-current Assets

Property, plant & equipment, net②tangible

$38,207

Operating lease right-of-use assets②tangible

Long-term marketable securities①

Goodwill

$9,281

Intangible assets, net

$1,275

Other non-current assets

$4,372

Total non-current assets

$53,135

TOTAL ASSETS

$56,140

CHECK ①

Cash + Securities Ratio

under AAOIFI

0.9%

✓ PASS

Threshold≤ 30%Buffer29.1 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

$2,755

Other current liabilities

$306

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$3,129

Total current liabilities

$6,190

Non-current Liabilities

Long-term debt③interest-bearing

$22,524

Other non-current liabilities

$3,833

Total non-current liabilities

$26,357

TOTAL LIABILITIES

$36,758

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

88.5%

✗ FAIL

Threshold≤ 30%Shortfall58.5 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →97%

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

$8,931

Of which:

Product & services revenue

$8,931

Interest income④non-permissible

$30

CHECK ④

Non-permissible Income Ratio

under AAOIFI

0.3%

✓ PASS

Threshold≤ 5%Buffer4.7 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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