Annotated balance sheet · halal screening

First Horizon Corporation

The full balance sheet for FHN, 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

First Horizon Corporation — Q1 2026

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

Assets

Current Assets

Cash & cash equivalents①

$2,005

Marketable securities①

$1,812

Accounts receivable

$64,209

Inventories

Other current assets

$754

Total current assets

$68,780

Non-current Assets

Property, plant & equipment, net②tangible

$539

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$9,351

Goodwill

$1,500

Intangible assets, net

$107

Other non-current assets

$3,855

Total non-current assets

$15,352

TOTAL ASSETS

$84,132

CHECK ①

Cash + Securities Ratio

under AAOIFI

111.5%

✗ FAIL

Threshold≤ 30%Shortfall81.5 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →123%

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

$59,357

Other current liabilities

Deferred revenue

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$11,959

Total current liabilities

$71,316

Non-current Liabilities

Long-term debt③interest-bearing

$1,318

Other non-current liabilities

$2,032

Total non-current liabilities

$3,350

TOTAL LIABILITIES

$74,667

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

112.4%

✗ FAIL

Threshold≤ 30%Shortfall82.4 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →124%

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

$4,603

Of which:

Product & services revenue

$4,603

Interest income④non-permissible

$4,176

CHECK ④

Non-permissible Income Ratio

under AAOIFI

90.7%

✗ FAIL

Threshold≤ 5%Shortfall85.7 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →100%

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: ✓ yes

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

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