Annotated balance sheet · halal screening

Trip.com Group Limited

The full balance sheet for TCOM, 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

Trip.com Group Limited — Q4 2025

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

Assets

Current Assets

Cash & cash equivalents①

$6,856

Marketable securities①

$4,724

Accounts receivable

$2,249

Inventories

Other current assets

$4,037

Total current assets

$17,865

Non-current Assets

Property, plant & equipment, net②tangible

$934

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$9,058

Goodwill

$9,190

Intangible assets, net

$1,921

Other non-current assets

$89

Total non-current assets

$21,191

TOTAL ASSETS

$39,463

CHECK ①

Cash + Securities Ratio

under AAOIFI

70.5%

✗ FAIL

Threshold≤ 30%Shortfall40.5 percentage points over the limit

Breach risk

Breached

0%← Pass zone | Fail zone →78%

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

$2,826

Other current liabilities

$3,173

Deferred revenue

$2,684

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$2,854

Total current liabilities

$11,537

Non-current Liabilities

Long-term debt③interest-bearing

$1,687

Other non-current liabilities

$97

Total non-current liabilities

$1,783

TOTAL LIABILITIES

$13,989

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

15.5%

✓ PASS

Threshold≤ 30%Buffer14.5 percentage points to spare

Breach risk

Comfortable

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

$9,174

Of which:

Product & services revenue

$9,174

Interest income④non-permissible

$383

CHECK ④

Non-permissible Income Ratio

under AAOIFI

4.2%

✓ PASS

Threshold≤ 5%Buffer0.8 percentage points to spare

Breach risk

Stable

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

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