Annotated balance sheet · halal screening

PPG Industries, Inc.

The full balance sheet for PPG, 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

PPG Industries, Inc. — Q1 2026

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

Assets

Current Assets

Cash & cash equivalents①

$1,573

Marketable securities①

$51

Accounts receivable

$3,676

Inventories

$2,162

Other current assets

$508

Total current assets

$7,970

Non-current Assets

Property, plant & equipment, net②tangible

$4,598

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$346

Goodwill

$6,152

Intangible assets, net

$1,960

Other non-current assets

$625

Total non-current assets

$13,681

TOTAL ASSETS

$22,150

CHECK ①

Cash + Securities Ratio

under AAOIFI

7.4%

✓ PASS

Threshold≤ 30%Buffer22.6 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

$4,001

Other current liabilities

$78

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$874

Total current liabilities

$4,953

Non-current Liabilities

Long-term debt③interest-bearing

$6,401

Other non-current liabilities

$1,591

Total non-current liabilities

$7,992

TOTAL LIABILITIES

$13,896

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

27.4%

✓ PASS

Threshold≤ 30%Buffer2.6 percentage points to spare

Breach risk

Near limit

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

$16,121

Of which:

Product & services revenue

$16,121

Interest income④non-permissible

$147

CHECK ④

Non-permissible Income Ratio

under AAOIFI

0.9%

✓ PASS

Threshold≤ 5%Buffer4.1 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

Halal

Sector check passes: ✓ yes

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

Back to PPG verdict