HalalGauge
Back to APD verdict
Annotated balance sheet · halal screening

Air Products and Chemicals, Inc.

The full balance sheet for APD, 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

Air Products and Chemicals, Inc. — Q1 2026

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

Assets

Current Assets
Cash & cash equivalents①
$951
Marketable securities①
$0
Accounts receivable
$2,656
Inventories
$768
Other current assets
$467
Total current assets
$4,841
Non-current Assets
Property, plant & equipment, net②tangible
$27,612
Operating lease right-of-use assets②tangible
$0
Long-term marketable securities①
$6,656
Goodwill
$959
Intangible assets, net
$284
Other non-current assets
$1,122
Total non-current assets
$36,632
TOTAL ASSETS
$41,645
CHECK ①

Cash + Securities Ratio

under AAOIFI
12.1%
✓ PASS
Threshold≤ 30%Buffer17.9 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
$2,381
Other current liabilities
$278
Deferred revenue
$248
Commercial paper③interest-bearing
$0
Short-term debt③interest-bearing
$488
Total current liabilities
$3,395
Non-current Liabilities
Long-term debt③interest-bearing
$17,270
Other non-current liabilities
$1,095
Total non-current liabilities
$18,365
TOTAL LIABILITIES
$23,495
CHECK ③

Interest-bearing Debt Ratio

under AAOIFI
28.2%
✓ PASS
Threshold≤ 30%Buffer1.8 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
$12,464
Of which:
Product & services revenue
$12,464
Interest income④non-permissible
$0
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
Halal

Sector check passes: ✓ yes

Want to verify against the primary document? Open full SEC filing
Back to APD verdict
HalalGauge — halal investing, calibrated to your conscience.