Annotated balance sheet · halal screening

NetEase, Inc.

The full balance sheet for NTES, 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

NetEase, Inc. — Q1 2026

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

Assets

Current Assets

Cash & cash equivalents①

$50,815

Marketable securities①

$120,089

Accounts receivable

$6,493

Inventories

$546

Other current assets

$10,716

Total current assets

$188,659

Non-current Assets

Property, plant & equipment, net②tangible

$8,311

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$3,045

Goodwill

Intangible assets, net

$4,015

Other non-current assets

$24,473

Total non-current assets

$39,844

TOTAL ASSETS

$231,397

CHECK ①

Cash + Securities Ratio

under AAOIFI

228.0%

✗ FAIL

Threshold≤ 30%Shortfall198.0 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →251%

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

$781

Other current liabilities

Deferred revenue

$21,812

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$10,955

Total current liabilities

$33,548

Non-current Liabilities

Long-term debt③interest-bearing

Other non-current liabilities

$1,378

Total non-current liabilities

$1,378

TOTAL LIABILITIES

$62,048

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

14.4%

✓ PASS

Threshold≤ 30%Buffer15.6 percentage points to spare

Breach risk

Comfortable

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

$114,389

Of which:

Product & services revenue

$114,389

Interest income④non-permissible

$4,450

CHECK ④

Non-permissible Income Ratio

under AAOIFI

3.9%

✓ PASS

Threshold≤ 5%Buffer1.1 percentage points to spare

Breach risk

Stable

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

Not halal

Sector check passes: ✗ no

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

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