Annotated balance sheet · halal screening

Anheuser-Busch InBev SA/NV

The full balance sheet for BUD, 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

Anheuser-Busch InBev SA/NV — Q4 2025

Source: SEC Form 10-Q filed 2025-12-31 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$11,638

Marketable securities①

$306

Accounts receivable

$6,946

Inventories

$5,107

Other current assets

$772

Total current assets

$24,769

Non-current Assets

Property, plant & equipment, net②tangible

$23,664

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$7,179

Goodwill

$117,908

Intangible assets, net

$41,985

Other non-current assets

$595

Total non-current assets

$191,331

TOTAL ASSETS

$218,808

CHECK ①

Cash + Securities Ratio

under AAOIFI

12.6%

✓ PASS

Threshold≤ 30%Buffer17.4 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

$25,455

Other current liabilities

$6,296

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$899

Total current liabilities

$32,650

Non-current Liabilities

Long-term debt③interest-bearing

$72,128

Other non-current liabilities

$3,068

Total non-current liabilities

$75,196

TOTAL LIABILITIES

$121,071

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

48.1%

✗ FAIL

Threshold≤ 30%Shortfall18.1 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →53%

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

$120,383

Of which:

Product & services revenue

$120,383

Interest income④non-permissible

$1,344

CHECK ④

Non-permissible Income Ratio

under AAOIFI

1.1%

✓ PASS

Threshold≤ 5%Buffer3.9 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 BUD verdict