Highway Financial Statements From 2010 to 2023

HIHO Stock  USD 2.13  0.03  1.43%   
Highway Holdings financial statements provide useful quarterly and yearly information to potential Highway Holdings Limited investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Highway Holdings financial statements helps investors assess Highway Holdings' valuation, profitability, and current liquidity needs.
We have found ninety available fundamental trends for Highway Holdings, which can be analyzed and compared to other ratios and to its competitors. Make sure you confirm Highway Holdings' regular fundamentals against the trend between 2010 and 2023 to make sure the company can sustain itself down the road.
Highway Holdings Working Capital is very stable at the moment as compared to the past year. Highway Holdings reported last year Working Capital of 6.43 Million.
  
Check Highway Holdings financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Highway main balance sheet or income statement drivers, such as Consolidated Income of 441.3 K, Cost of Revenue of 9.8 M or Earning Before Interest and Taxes EBIT of 539.5 K, as well as many exotic indicators such as Asset Turnover of 0.86, Book Value per Share of 2.32 or Current Ratio of 2.42. Highway financial statements analysis is a perfect complement when working with Highway Holdings Valuation or Volatility modules. It can also supplement various Highway Holdings Technical models . Please check the analysis of Highway Holdings Correlation against competitors.

Highway Holdings Revenues

13.62 Million

Highway Holdings Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities763.1 K874 K552 K
Up
Slightly volatile
Tax Assets6.3 K6.3 K6.9 K
Down
Slightly volatile
Accumulated Retained Earnings Deficit(2.1 M)(2.1 M)(447.7 K)
Down
Slightly volatile
Trade and Non Trade Receivables2.3 MM2.8 M
Down
Slightly volatile
Property Plant and Equipment Net2.6 M2.8 MM
Up
Slightly volatile
Trade and Non Trade Payables983.8 K745.2 K1.4 M
Down
Slightly volatile
Liabilities Non Current508.8 K469.2 K446.1 K
Up
Slightly volatile
Current Liabilities5.9 MM4.9 M
Up
Slightly volatile
Total Liabilities6.4 M6.4 M5.4 M
Up
Slightly volatile
Investments Non Current112.6 K85.5 K128.2 K
Down
Slightly volatile
Investments112.6 K85.5 K128.2 K
Down
Slightly volatile
Inventory2.2 M2.1 M2.6 M
Down
Slightly volatile
Goodwill and Intangible Assets68.9 K69.3 K75.9 K
Down
Slightly volatile
Shareholders Equity USD9.1 M8.3 M10.9 M
Down
Slightly volatile
Shareholders Equity9.1 M8.3 M10.9 M
Down
Slightly volatile
Total Debt USD1.5 M1.4 M1.9 M
Up
Pretty Stable
Debt Non Current247.5 K241.2 K1.3 M
Down
Pretty Stable
Debt Current902 K1.1 M703.2 K
Up
Slightly volatile
Total Debt1.5 M1.4 M1.9 M
Up
Pretty Stable
Cash and Equivalents USDM8.1 M8.1 M
Up
Slightly volatile
Cash and EquivalentsM8.1 M8.1 M
Up
Slightly volatile
Assets Non Current2.8 M2.9 M2.3 M
Up
Slightly volatile
Current Assets11.9 M11.1 M13.9 M
Down
Slightly volatile
Total Assets14 M13.4 M16.1 M
Down
Slightly volatile
Accumulated Other Comprehensive Income(279.9 K)(272.7 K)(56.3 K)
Down
Slightly volatile

Highway Holdings Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense108.5 K90.9 K140.7 K
Down
Pretty Stable
Weighted Average Shares Diluted4.8 M4.8 MM
Up
Slightly volatile
Weighted Average Shares4.7 M4.6 MM
Up
Slightly volatile
Selling General and Administrative Expense3.3 M2.9 M4.1 M
Down
Slightly volatile
Revenues USD13.6 M11.1 M18.1 M
Down
Slightly volatile
Revenues13.6 M11.1 M18.1 M
Down
Slightly volatile
Operating Income529.1 K510.3 K576.9 K
Down
Pretty Stable
Operating Expenses3.3 M2.9 M4.1 M
Down
Slightly volatile
Net Income to Non Controlling Interests29.8 K27.6 K4.4 K
Up
Slightly volatile
Net Income Common Stock USD429.7 K398.7 K482.6 K
Down
Pretty Stable
Net Income Common Stock429.7 K398.7 K482.6 K
Down
Pretty Stable
Net Income429.7 K398.7 K482.6 K
Down
Pretty Stable
Interest Expense9249004.8 K
Down
Slightly volatile
Gross Profit3.8 M3.4 M4.7 M
Down
Slightly volatile
Earning Before Interest and Taxes USD539.5 K489.6 K627.5 K
Down
Pretty Stable
Earning Before Interest and Taxes EBIT539.5 K489.6 K627.5 K
Down
Pretty Stable
Cost of Revenue9.8 M7.7 M13.3 M
Down
Slightly volatile
Consolidated Income441.3 K420.3 K485.5 K
Down
Pretty Stable

Highway Holdings Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation91.9 K78.3 K154.3 K
Down
Slightly volatile
Effect of Exchange Rate Changes on Cash 199.8 K185.2 K34.2 K
Up
Slightly volatile
Net Cash Flow from Operations(151.5 K)(147.6 K)895 K
Down
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(993 K)(967.5 K)(423.5 K)
Down
Slightly volatile
Net Cash Flow from Investing(1.1 M)(1.1 M)(388.7 K)
Down
Slightly volatile
Issuance Purchase of Equity Shares31.5 K23 K46.3 K
Up
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(1.8 M)(1.7 M)(407.5 K)
Down
Slightly volatile
Depreciation Amortization and AccretionM1.3 M688 K
Up
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share3.553.324.1686
Down
Slightly volatile
Sales per Share3.482.764.7149
Down
Slightly volatile
Return on Sales0.03390.03960.0307
Down
Very volatile
Return on Invested Capital0.130.130.3394
Down
Very volatile
Return on Average Equity0.0410.04230.042
Down
Very volatile
Return on Average Assets0.02680.02610.0289
Down
Pretty Stable
Price to Sales Ratio0.981.060.7567
Up
Slightly volatile
Price to Earnings Ratio24.8923.0716.1655
Down
Slightly volatile
Price to Book Value1.381.411.1249
Up
Slightly volatile
Payout Ratio1.11.391.1556
Down
Slightly volatile
Profit Margin0.02720.03240.0236
Down
Very volatile
Gross Margin0.340.350.2779
Up
Slightly volatile
Free Cash Flow per Share(0.0647)(0.063)0.1835
Down
Slightly volatile
Enterprise Value over EBITDA4.143.953.4919
Up
Pretty Stable
Enterprise Value over EBIT9.719.02.1222
Down
Pretty Stable
Earnings per Basic Share USD0.110.0990.1264
Down
Pretty Stable
Earnings per Diluted Share0.110.0990.1264
Down
Pretty Stable
Earnings per Basic Share0.110.0990.1264
Down
Pretty Stable
EBITDA Margin0.120.150.0789
Up
Slightly volatile
Dividends per Basic Common Share0.170.150.2095
Down
Pretty Stable
Dividend Yield0.05650.0540.0663
Down
Slightly volatile
Debt to Equity Ratio0.640.690.4962
Up
Slightly volatile
Current Ratio2.422.142.9751
Down
Slightly volatile
Book Value per Share2.322.072.8367
Down
Slightly volatile
Asset Turnover0.860.731.0959
Down
Slightly volatile

Highway Holdings Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital7.4 M6.4 M9.2 M
Down
Slightly volatile
Tangible Asset Value14 M13.4 M16.1 M
Down
Slightly volatile
Market Capitalization14 M13.1 M12.2 M
Up
Slightly volatile
Invested Capital AverageM4.3 M4.3 M
Down
Slightly volatile
Invested Capital3.5 M3.4 M4.1 M
Down
Slightly volatile
Free Cash Flow(262.3 K)(255.6 K)691.7 K
Down
Slightly volatile
Enterprise Value6.1 M6.5 M4.7 M
Up
Slightly volatile
Average Equity9.3 M8.6 M11.1 M
Down
Slightly volatile
Earnings before Tax538.2 K489.6 K623.3 K
Down
Pretty Stable
Earnings Before Interest Taxes and Depreciation Amortization USD1.3 M1.5 M1.3 M
Up
Very volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.3 M1.5 M1.3 M
Up
Very volatile
Average Assets14.1 M13.7 M16.2 M
Down
Slightly volatile

Highway Fundamental Market Drivers

Cash And Short Term Investments7.1 M

Highway Upcoming Events

Upcoming Quarterly Report29th of June 2023
Next Fiscal Quarter End31st of March 2023

About Highway Holdings Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Highway Holdings income statement, its balance sheet, and the statement of cash flows. Highway Holdings investors use historical funamental indicators, such as Highway Holdings's revenue or net income, to determine how well the company is positioned to perform in the future. Although Highway Holdings investors may use each financial statement separately, they are all related. The changes in Highway Holdings's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Highway Holdings's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Highway Holdings Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Highway Holdings. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Cost of Revenue7.7 M9.8 M
Revenues11.1 M13.6 M
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Highway Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Highway Holdings' short interest history, or implied volatility extrapolated from Highway Holdings options trading.

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Please check the analysis of Highway Holdings Correlation against competitors. Note that the Highway Holdings information on this page should be used as a complementary analysis to other Highway Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running Highway Holdings price analysis, check to measure Highway Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Highway Holdings is operating at the current time. Most of Highway Holdings' value examination focuses on studying past and present price action to predict the probability of Highway Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Highway Holdings' price. Additionally, you may evaluate how the addition of Highway Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Highway Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Highway Holdings. If investors know Highway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Highway Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.83) 
Dividend Share
0.25
Earnings Share
0.11
Revenue Per Share
2.85
Quarterly Revenue Growth
(0.14) 
The market value of Highway Holdings is measured differently than its book value, which is the value of Highway that is recorded on the company's balance sheet. Investors also form their own opinion of Highway Holdings' value that differs from its market value or its book value, called intrinsic value, which is Highway Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Highway Holdings' market value can be influenced by many factors that don't directly affect Highway Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Highway Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Highway Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highway Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.