Highway Holdings Limited
HIHO Industrials Metal Fabrication
Highway Holdings Limited’s revenue for fiscal 2026 (year ended March 2026) was $4.8 million, down 35.2% from fiscal 2025. In the quarter to June 2026, revenue grew 29.2%, EPS grew 56.3% and free cash flow fell 1,093.3%, each against the same quarter a year earlier.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 | Mar '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
4.41 | 5.97 | 6.60 | 6.95 | 6.01 | 7.76 | 8.83 | 8.83 | 11.27 | 10.03 |
Receivables |
1.02 | 1.02 | 1.25 | 1.89 | 2.27 | 0.97 | 2.01 | 2.26 | 2.22 | 3.40 |
Inventory |
1.45 | 1.15 | 1.57 | 1.41 | 2.35 | 2.24 | 2.00 | 1.54 | 2.93 | 2.27 |
Other current assets |
— | — | — | — | 1.08 | 0.51 | 0.39 | 0.72 | 0.75 | 0.71 |
Total current assets |
7.14 | 8.57 | 9.65 | 10.66 | 12.32 | 11.48 | 13.22 | 13.35 | 17.17 | 16.41 |
Property, Plant, Equpment (Net) |
0.39 | 0.09 | — | 0.40 | 0.64 | 0.83 | 0.88 | 0.89 | 0.77 | 0.95 |
Long-Term Investments |
0.18 | 0.01 | 0.20 | 0.21 | — | 0.28 | 0.26 | 0.07 | 0.11 | 0.11 |
Long-term receivables |
0.08 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.08 | — | — |
Goodwill and Intangible Assets (Total) |
0.79 | — | — | — | — | — | — | — | 0.08 | 0.08 |
Long-term assets (Other) |
— | — | — | — | — | — | — | 0.87 | 0.11 | 0.11 |
Total non-current assets |
3.86 | 0.98 | 1.67 | 3.22 | 2.54 | 4.01 | 4.95 | 1.90 | 0.96 | 1.14 |
Total Assets |
11.00 | 9.55 | 11.32 | 13.88 | 14.86 | 15.49 | 18.17 | 15.25 | 18.13 | 17.55 |
Accounts Payable |
0.44 | 0.61 | 0.94 | 0.93 | 0.83 | 0.65 | 1.00 | 1.16 | 0.90 | 2.39 |
Dividends Payable |
0.08 | 0.08 | 0.05 | 0.00 | 0.20 | 0.09 | 0.35 | 0.33 | 0.62 | 0.44 |
Accrued Expenses |
1.51 | 1.27 | 1.79 | 1.99 | 2.60 | 2.35 | 2.29 | 2.99 | 3.98 | 3.05 |
Current Part of Debt |
0.16 | — | — | 0.57 | 0.93 | 0.82 | 0.78 | — | — | — |
Current Part of Taxes to Pay |
0.16 | 0.49 | 0.48 | 0.57 | 0.62 | 0.06 | 0.56 | 0.60 | 0.80 | 0.33 |
Total current liabilities |
3.20 | 3.08 | 3.84 | 4.06 | 5.18 | 3.96 | 4.99 | 5.08 | 6.31 | 6.21 |
Long Term Debt (Total) |
0.41 | — | — | 1.48 | 0.27 | 1.14 | 2.03 | — | — | — |
Long Term Tax Liability (Deferred) |
0.19 | — | — | 0.11 | 0.14 | 0.61 | 0.23 | 0.03 | 0.03 | 0.03 |
Non-current Liabilities (Other) |
0.03 | 0.02 | 0.04 | 0.02 | — | — | — | — | — | — |
Total non-current liabilities |
2.37 | 0.21 | 0.84 | 1.61 | 0.41 | 1.75 | 2.26 | 0.03 | 0.03 | 0.03 |
Total liabilities |
5.56 | 3.29 | 4.68 | 5.67 | 5.59 | 5.71 | 7.25 | 5.11 | 6.34 | 6.24 |
Additional Paid In Capital |
12.42 | 12.18 | 12.12 | 12.00 | 11.82 | 11.71 | 11.54 | 11.37 | 11.37 | 11.37 |
Common Stock (Net) |
0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Retained Earnings |
(6.96) | (5.44) | (5.01) | (3.40) | (2.28) | (2.04) | (0.86) | (1.23) | 0.35 | 0.01 |
Treasury Stock |
— | — | — | — | — | — | — | 0.01 | 0.01 | 0.01 |
Common Equity (Total) |
5.44 | 6.27 | 6.64 | 8.22 | 9.27 | 9.77 | 10.92 | 10.14 | 11.79 | 11.31 |
Shareholders Equity (Total) |
5.44 | 6.27 | 6.64 | 8.22 | 9.27 | 9.77 | 10.92 | 10.14 | 11.79 | 11.31 |
Shareholders Equity and Liabilities (Total) |
11.00 | 9.55 | 11.32 | 13.88 | 14.86 | 15.49 | 18.17 | 15.25 | 18.13 | 17.55 |
Shares (Common) |
4.63 | 4.40 | 4.40 | 4.09 | 4.04 | 4.03 | 3.97 | 3.80 | 3.80 | 3.80 |
Shareholders Equity (Tangible) |
4.64 | 6.27 | 6.64 | 8.22 | 9.27 | 9.77 | 10.92 | 10.14 | 11.71 | 11.23 |
Net Debt |
(3.84) | (5.97) | (6.60) | (4.90) | (4.81) | (5.79) | (6.01) | (8.83) | (11.27) | (10.03) |
Total Debt |
0.57 | — | — | 2.06 | 1.20 | 1.96 | 2.82 | — | — | — |