Annotated balance sheet · halal screening

Mizuho Financial Group, Inc.

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

Showing under

Annotated balance sheet · halal screening

Mizuho Financial Group, Inc. — Q1 2026

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

Assets

Current Assets

Cash & cash equivalents①

$389,792

Marketable securities①

Accounts receivable

Inventories

Other current assets

Total current assets

$389,792

Non-current Assets

Property, plant & equipment, net②tangible

$7,129

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$1,369,987

Goodwill

$878

Intangible assets, net

$4,651

Other non-current assets

$120,420

Total non-current assets

$1,503,065

TOTAL ASSETS

$1,894,352

CHECK ①

Cash + Securities Ratio

under AAOIFI

1395.0%

✗ FAIL

Threshold≤ 30%Shortfall1365.0 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →1535%

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

Other current liabilities

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$284,166

Total current liabilities

$284,166

Non-current Liabilities

Long-term debt③interest-bearing

$133,068

Other non-current liabilities

$1,405,163

Total non-current liabilities

$1,538,231

TOTAL LIABILITIES

$1,822,875

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

330.8%

✗ FAIL

Threshold≤ 30%Shortfall300.8 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →364%

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

$54,057

Of which:

Product & services revenue

$54,057

Interest income④non-permissible

$36,685

CHECK ④

Non-permissible Income Ratio

under AAOIFI

67.9%

✗ FAIL

Threshold≤ 5%Shortfall62.9 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →75%

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

Not halal

Sector check passes: ✓ yes

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

Back to MFG verdict