Annotated balance sheet · halal screening

Phillips 66

The full balance sheet for PSX, 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

Phillips 66 — Q1 2026

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

Assets

Current Assets

Cash & cash equivalents①

$5,150

Marketable securities①

Accounts receivable

$11,910

Inventories

$6,723

Other current assets

$3,613

Total current assets

$27,396

Non-current Assets

Property, plant & equipment, net②tangible

$39,149

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$12,006

Goodwill

$1,433

Intangible assets, net

$969

Other non-current assets

$3,131

Total non-current assets

$56,688

TOTAL ASSETS

$84,084

CHECK ①

Cash + Securities Ratio

under AAOIFI

23.4%

✓ PASS

Threshold≤ 30%Buffer6.6 percentage points to spare

Breach risk

Stable

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

$11,876

Other current liabilities

$2,285

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$8,448

Total current liabilities

$22,609

Non-current Liabilities

Long-term debt③interest-bearing

$18,676

Other non-current liabilities

$4,160

Total non-current liabilities

$22,836

TOTAL LIABILITIES

$54,403

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

37.0%

✗ FAIL

Threshold≤ 30%Shortfall7.0 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

$135,770

Of which:

Product & services revenue

$135,770

Interest income④non-permissible

CHECK ④

Non-permissible Income Ratio

under AAOIFI

0.0%

✓ PASS

Threshold≤ 5%Buffer5.0 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

Back to PSX verdict