Asalaamalykom wa rahmatallahi wa barakaato,
I’ve been trying to workout the cash/assets ratio for the following company. The financial statements are here: https://beta.companieshouse.gov.uk/company/04811048/filing-history/MzI2NzY0Mzg4OWFkaXF6a2N4/document?format=pdf&download=0
For liquid assets, I’m assuming most if it is under current assets. What I’m sure about is:
*Short term deposits
*Cash at bank and in hand
Not sure about stocks (notes 14) and Debtors (notes 15).
From the notes 14 on stocks, raw materials, consumables, etc… I wouldn’t consider as liquid. Would you agree?
From notes 15, could I consider Deferred Tax Asset and R&D tax credit as non-liquid?
Otherwise if I take the total current assets / total assets, it breaks the 80% ratio rule. (~91.6%).
Since you’ve mentioned above that the AAOIFI have removed this filter, is it safe to say that regardless if I use the total current assets, or suss out what’s deemed liquid or not, I can consider this step halal?
Jazak Allahu Khayrun