Highway Historical Balance Sheet
| HIHO Stock | USD 1.93 0.01 0.52% |
Trend analysis of Highway Holdings Limited balance sheet accounts such as Other Current Liabilities of 1.3 M or Total Current Liabilities of 5.6 M provides information on Highway Holdings' total assets, liabilities, and equity, which is the actual value of Highway Holdings to its prevalent stockholders. By breaking down trends over time using Highway Holdings balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Highway Holdings latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Highway Holdings is a good buy for the upcoming year.
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About Highway Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Highway Holdings at a specified time, usually calculated after every quarter, six months, or one year. Highway Holdings Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Highway Holdings and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Highway currently owns. An asset can also be divided into two categories, current and non-current.
Highway Holdings Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Highway Holdings assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Highway Holdings books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Highway Holdings balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Highway Holdings Limited are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents Highway Holdings obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Highway Holdings are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Highway Holdings balance sheet. This account contains Highway Holdings investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Highway Holdings Limited fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most accounts from Highway Holdings' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Highway Holdings current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highway Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. At this time, Highway Holdings' Non Current Assets Total are very stable compared to the past year. As of the 22nd of November 2024, Net Receivables is likely to grow to about 2.5 M, while Other Current Liabilities is likely to drop about 1.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.2M | 2.1M | 1.4M | 1.5M | Total Assets | 14.9M | 13.9M | 11.3M | 13.6M |
Highway Holdings balance sheet Correlations
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Highway Holdings Account Relationship Matchups
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Highway Holdings balance sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 18.2M | 15.5M | 14.9M | 13.9M | 11.3M | 13.6M | |
| Other Current Liab | 3.2M | 1.6M | 1.9M | 2.0M | 1.8M | 1.3M | |
| Total Current Liabilities | 5.0M | 4.0M | 5.2M | 4.1M | 3.8M | 5.6M | |
| Total Stockholder Equity | 10.9M | 9.8M | 9.3M | 8.2M | 6.6M | 9.1M | |
| Property Plant And Equipment Net | 4.6M | 3.6M | 2.4M | 2.9M | 1.4M | 2.4M | |
| Net Debt | (6.0M) | (5.8M) | (4.8M) | (4.9M) | (5.2M) | (5.5M) | |
| Retained Earnings | (865K) | (2.0M) | (2.3M) | (3.4M) | (5.0M) | (4.8M) | |
| Accounts Payable | 997K | 653K | 828K | 928K | 935K | 1.6M | |
| Non Current Assets Total | 4.9M | 4.0M | 2.5M | 3.2M | 1.7M | 2.7M | |
| Net Receivables | 2.0M | 973K | 2.3M | 1.9M | 1.3M | 2.5M | |
| Common Stock Shares Outstanding | 3.9M | 4.0M | 4.2M | 4.1M | 4.4M | 3.9M | |
| Liabilities And Stockholders Equity | 18.2M | 15.5M | 14.9M | 13.9M | 11.3M | 13.6M | |
| Non Current Liabilities Total | 2.3M | 1.7M | 408K | 1.6M | 843K | 612.9K | |
| Inventory | 2M | 2.2M | 2.4M | 1.4M | 1.6M | 2.8M | |
| Other Current Assets | 11K | 513K | 620K | 406K | 226K | 214.7K | |
| Other Stockholder Equity | 11.5M | 11.7M | 11.8M | 12.0M | 12.1M | 12.1M | |
| Total Liab | 7.3M | 5.7M | 5.6M | 5.7M | 4.7M | 6.2M | |
| Total Current Assets | 13.2M | 11.5M | 12.3M | 10.7M | 9.6M | 15.1M | |
| Short Term Debt | 782K | 1.6M | 1.9M | 573K | 588K | 558.6K | |
| Non Currrent Assets Other | 358K | 377K | 95K | 308K | 202K | 167.8K | |
| Other Assets | 358K | 377K | 95K | 308K | 277.2K | 270.2K | |
| Short Term Investments | 2.0M | 108K | 3K | 1.1M | 54K | 2.9K | |
| Accumulated Other Comprehensive Income | 196K | 48K | (303K) | (444K) | (501K) | (526.1K) | |
| Property Plant Equipment | 4.6M | 3.6M | 2.4M | 2.9M | 2.6M | 2.2M | |
| Property Plant And Equipment Gross | 4.6M | 3.6M | 2.4M | 2.9M | 13.5M | 14.1M | |
| Other Liab | 229K | 607K | 140K | 124K | 142.6K | 143.4K | |
| Net Tangible Assets | 10.1M | 10.9M | 9.8M | 9.3M | 8.3M | 8.8M | |
| Net Invested Capital | 10.9M | 9.8M | 9.3M | 8.2M | 6.6M | 7.6M | |
| Net Working Capital | 8.2M | 7.5M | 7.1M | 6.6M | 5.8M | 6.2M |
Pair Trading with Highway Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Highway Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Highway Holdings will appreciate offsetting losses from the drop in the long position's value.Moving against Highway Stock
The ability to find closely correlated positions to Highway Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Highway Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Highway Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Highway Holdings Limited to buy it.
The correlation of Highway Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Highway Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Highway Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Highway Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Highway Holdings Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Industrial Machinery & Supplies & Components space 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.
Dividend Share 0.07 | Earnings Share (0.11) | Revenue Per Share 1.742 | Quarterly Revenue Growth 0.601 | Return On Assets (0.02) |
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 if Highway Holdings is a good investment 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.