Annotated balance sheet · halal screening

Lucid Group, Inc.

The full balance sheet for LCID, 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

Lucid Group, Inc. — Q1 2026

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

Assets

Current Assets

Cash & cash equivalents①

$739

Marketable securities①

Accounts receivable

$131

Inventories

$1,469

Other current assets

$354

Total current assets

$2,693

Non-current Assets

Property, plant & equipment, net②tangible

$4,336

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$40

Goodwill

Intangible assets, net

Other non-current assets

$350

Total non-current assets

$4,726

TOTAL ASSETS

$7,483

CHECK ①

Cash + Securities Ratio

under AAOIFI

47.9%

✗ FAIL

Threshold≤ 30%Shortfall17.9 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →53%

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

$485

Other current liabilities

$1,169

Deferred revenue

$29

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$782

Total current liabilities

$2,465

Non-current Liabilities

Long-term debt③interest-bearing

$2,048

Other non-current liabilities

$305

Total non-current liabilities

$2,353

TOTAL LIABILITIES

$5,445

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

174.1%

✗ FAIL

Threshold≤ 30%Shortfall144.1 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →191%

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

$1,401

Of which:

Product & services revenue

$1,401

Interest income④non-permissible

$117

CHECK ④

Non-permissible Income Ratio

under AAOIFI

8.4%

✗ FAIL

Threshold≤ 5%Shortfall3.4 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →9%

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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