Highway Holdings Limited (HIHO) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 7.64M | 8.27M | 8.57M | 9.06M | 9.54M | 9.33M | 9.65M | 9.9M | 9.59M | 9.77M | 10.66M | 11.55M | 12.54M | 12.15M | 12.32M | 12M | 12.21M | 11.86M | 11.48M | 11.59M |
| Cash & Short-Term Investments | 5.56M | 5.82M | 6.18M | 5.24M | 5.61M | 5.99M | 6.6M | 6.19M | 7.05M | 6.84M | 7.01M | 6.33M | 6.01M | 6.4M | 7.38M | 6.78M | 7.22M | 7.69M | 7.76M | 7.49M |
| Cash Only | 5.56M | 5.82M | 5.97M | 5.24M | 5.61M | 5.99M | 6.6M | 6.19M | 7.05M | 6.84M | 6.95M | 6.33M | 6.01M | 6.4M | 6.01M | 6.78M | 7.22M | 7.69M | 7.76M | 7.49M |
| Short-Term Investments | 0 | 0 | 207K | 0 | 0 | 0 | 3K | 0 | 0 | 0 | 54K | 0 | 0 | 0 | 1.37M | 0 | 0 | 0 | 3K | 0 |
| Accounts Receivable | 980K | 1.04M | 1.02M | 1.96M | 1.98M | 1.66M | 1.25M | 1.66M | 667K | 1.15M | 1.89M | 2.95M | 3.36M | 2.95M | 2.26M | 2.38M | 2.67M | 1.75M | 973K | 2.02M |
| Days Sales Outstanding | 78.71 | 60.62 | 90.21 | 93.98 | 79.14 | 70.54 | 93.28 | 47.92 | 63.15 | 102.48 | 128.5 | 113.29 | 95.31 | 80.56 | 69.49 | 77.65 | 60.48 | 41.36 | 72.81 | 69.02 |
| Inventory | 728K | 956K | 1.15M | 1.47M | 1.78M | 1.53M | 1.57M | 1.86M | 1.56M | 1.51M | 1.41M | 1.49M | 2.06M | 2.22M | 2.35M | 2.52M | 2.1M | 2.17M | 2.24M | 1.5M |
| Days Inventory Outstanding | 88.13 | 93.77 | 99.56 | 118.89 | 118.93 | 115.73 | 111.76 | 120.13 | 150.69 | 137.25 | 91.32 | 89.07 | 101.2 | 109.95 | 103.46 | 99.38 | 86.41 | 97.01 | 115.16 | 83.35 |
| Other Current Assets | 377K | 0 | 91K | 0 | 0 | 0 | 107K | 0 | 3K | 7K | 214K | 7K | 7K | 7K | 187K | 0 | 0 | 0 | 312K | 0 |
| Total Non-Current Assets | 728K | 855K | 984K | 1.37M | 1.51M | 1.55M | 1.67M | 2.68M | 2.76M | 2.92M | 3.22M | 1.39M | 1.6M | 1.96M | 2.54M | 3.19M | 3.57M | 3.74M | 4M | 4.27M |
| Property, Plant & Equipment | 630K | 748K | 878K | 1.06M | 1.21M | 1.25M | 1.38M | 2.38M | 2.46M | 2.63M | 2.92M | 1.28M | 1.49M | 1.87M | 2.44M | 2.8M | 3.19M | 3.36M | 3.63M | 3.91M |
| Fixed Asset Turnover | 1.71x | 1.90x | 1.53x | 1.70x | 1.72x | 1.43x | 0.76x | 0.92x | 0.52x | 0.49x | 0.81x | 1.85x | 1.81x | 1.37x | 1.15x | 1.00x | 1.03x | 0.86x | 0.49x | 0.63x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 85K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 13K | 107K | 106K | 301K | 301K | 296K | 297K | 300K | 296K | 298K | 308K | 116K | 116K | 95K | 95K | 385K | 382K | 380K | 377K | 358K |
| Total Assets | 8.37M | 9.12M | 9.55M | 10.43M | 11.04M | 10.88M | 11.32M | 12.59M | 12.35M | 12.69M | 13.88M | 12.95M | 14.15M | 14.11M | 14.86M | 15.19M | 15.78M | 15.6M | 15.49M | 15.86M |
| Asset Turnover | 0.13x | 0.17x | 0.15x | 0.18x | 0.19x | 0.17x | 0.12x | 0.18x | 0.11x | 0.10x | 0.13x | 0.19x | 0.22x | 0.20x | 0.20x | 0.19x | 0.21x | 0.19x | 0.12x | 0.16x |
| Asset Growth % | -24.21% | -16.13% | -15.59% | -17.12% | -10.57% | -14.29% | -18.48% | -2.8% | -12.72% | -10.06% | -6.57% | -14.74% | -10.33% | -9.54% | -4.05% | -4.23% | -5.78% | -7.96% | -14.77% | -4.18% |
| Total Current Liabilities | 2.19M | 2.55M | 3.08M | 3.54M | 3.73M | 3.65M | 3.84M | 3.63M | 3.35M | 3.77M | 4.06M | 3.19M | 4.14M | 3.99M | 5.18M | 4.2M | 4.34M | 3.99M | 3.96M | 3.95M |
| Accounts Payable | 390K | 472K | 613K | 953K | 1.02M | 807K | 935K | 602K | 362K | 397K | 928K | 448K | 801K | 776K | 828K | 1.26M | 917K | 885K | 653K | 620K |
| Days Payables Outstanding | 45.11 | 48.4 | 59.62 | 72.12 | 65.54 | 65.07 | 50.17 | 33.85 | 37.18 | 62.15 | 43.24 | 31.31 | 37.32 | 38.61 | 44.38 | 46.9 | 36.5 | 33.84 | 39.21 | 33.7 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 81K | 504K | 567K | 1.96M | 2.09M | 531K | 525K | 2.44M | 2.43M | 982K | 569K | 2.51M | 2.99M | 592K | 1.28M | 1.95M | 2.54M | 37K | 551K | 2.58M |
| Current Ratio | 3.48x | 3.24x | 2.79x | 2.56x | 2.56x | 2.56x | 2.51x | 2.73x | 2.86x | 2.59x | 2.62x | 3.62x | 3.03x | 3.04x | 2.38x | 2.86x | 2.81x | 2.97x | 2.90x | 2.94x |
| Quick Ratio | 3.15x | 2.87x | 2.41x | 2.14x | 2.08x | 2.14x | 2.11x | 2.22x | 2.39x | 2.19x | 2.28x | 3.15x | 2.53x | 2.49x | 1.92x | 2.26x | 2.33x | 2.43x | 2.33x | 2.55x |
| Cash Conversion Cycle | 121.72 | 105.98 | 130.15 | 140.75 | 132.52 | 121.19 | 154.87 | 134.19 | 176.66 | 177.58 | 176.58 | 171.05 | 159.2 | 151.89 | 128.57 | 130.13 | 110.39 | 104.52 | 148.76 | 118.67 |
| Total Non-Current Liabilities | 201K | 207K | 210K | 391K | 547K | 690K | 843K | 1.13M | 1.26M | 1.41M | 1.61M | 352K | 359K | 394K | 408K | 969K | 1.17M | 1.5M | 1.75M | 1.58M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 178K | 184K | 187K | 351K | 507K | 650K | 803K | 1.01M | 1.14M | 1.28M | 1.48M | 243K | 244K | 263K | 268K | 447K | 619K | 929K | 1.14M | 1.35M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 23K | 23K | 23K | 40K | 40K | 40K | 40K | 115K | 118K | 121K | 124K | 109K | 115K | 131K | 140K | 522K | 546K | 572K | 607K | 229K |
| Total Liabilities | 2.4M | 2.76M | 3.29M | 3.94M | 4.28M | 4.34M | 4.68M | 4.76M | 4.61M | 5.18M | 5.67M | 3.54M | 4.5M | 4.39M | 5.59M | 5.17M | 5.5M | 5.49M | 5.71M | 5.53M |
| Total Debt | 490K | 652K | 810K | 984K | 1.13M | 1.25M | 1.39M | 1.6M | 1.7M | 1.84M | 2.06M | 479K | 588K | 754K | 1.2M | 1.43M | 1.5M | 1.75M | 1.96M | 2.1M |
| Net Debt | -5.07M | -5.16M | -5.16M | -4.25M | -4.49M | -4.75M | -5.21M | -4.59M | -5.35M | -5M | -4.9M | -5.85M | -5.42M | -5.65M | -4.81M | -5.35M | -5.73M | -5.94M | -5.79M | -5.39M |
| Debt / Equity | 0.08x | 0.10x | 0.13x | 0.15x | 0.17x | 0.19x | 0.21x | 0.20x | 0.22x | 0.24x | 0.25x | 0.05x | 0.06x | 0.08x | 0.13x | 0.14x | 0.15x | 0.17x | 0.20x | 0.20x |
| Debt / EBITDA | - | - | - | 9.84x | 4.88x | 13.39x | - | 4.65x | 8.64x | - | - | 18.42x | 1.43x | 1.92x | - | 8.17x | 5.82x | 5.70x | - | 525.00x |
| Net Debt / EBITDA | - | - | - | -42.51x | -19.42x | -51.03x | - | -13.33x | -27.15x | - | - | -224.88x | -13.23x | -14.41x | - | -30.58x | -22.28x | -19.35x | - | -1346.75x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 5.97M | 6.37M | 6.27M | 6.5M | 6.77M | 6.54M | 6.64M | 7.83M | 7.74M | 7.51M | 8.22M | 9.4M | 9.65M | 9.73M | 9.27M | 10.02M | 10.27M | 10.11M | 9.77M | 10.33M |
| Equity Growth % | -11.7% | -2.63% | -5.59% | -17.02% | -12.55% | -13% | -19.21% | -16.77% | -19.82% | -22.74% | -11.36% | -6.13% | -6.06% | -3.76% | -5.16% | -3% | -2.17% | -5.59% | -10.49% | -2.9% |
| Book Value per Share | 1.30 | 1.43 | 1.42 | 1.48 | 1.54 | 1.45 | 1.51 | 1.78 | 1.83 | 1.77 | 2.01 | 2.28 | 2.32 | 2.27 | 2.30 | 2.38 | 2.44 | 2.43 | 2.44 | 2.47 |
| Total Shareholders' Equity | 5.98M | 6.37M | 6.27M | 6.5M | 6.78M | 6.55M | 6.64M | 7.83M | 7.74M | 7.5M | 8.2M | 9.4M | 9.64M | 9.72M | 9.27M | 9.98M | 10.24M | 10.08M | 9.76M | 10.31M |
| Common Stock | 46K | 46K | 44K | 44K | 44K | 44K | 44K | 44K | 44K | 44K | 41K | 40K | 41K | 40K | 40K | 40K | 40K | 40K | 40K | 40K |
| Retained Earnings | -5.75M | -5.38M | -5.44M | -5.12M | -4.91M | -5.14M | -5.01M | -3.83M | -3.96M | -4.17M | -3.4M | -2.27M | -2.11M | -1.9M | -2.28M | -1.71M | -1.71M | -1.71M | -2.04M | -1.41M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -546K | -498K | -516K | -590K | -516K | -502K | -501K | -517K | -493K | -465K | -444K | -329K | -230K | -263K | -303K | -146K | 136K | 19K | 48K | 87K |
| Minority Interest | -7K | -6K | -2K | -4K | -12K | -12K | -7K | -7K | -3K | 10K | 12K | 0 | 12K | 6K | 0 | 42K | 34K | 24K | 17K | 15K |