HIGEN Motor Co., Ltd. (KOSDAQ:160190)

HIGEN Motor Balance Sheet

Financials in millions KRW. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	16,992	22,702	10,206	17,712	14,791	23,509
Short-Term Investments	40,319	40,341	19,072	8,000	10,000	-
Trading Asset Securities	5,494	8,994	3,976	-	-	-
Cash & Short-Term Investments	62,806	72,037	33,254	25,712	24,791	23,509
Cash Growth	140.40%	116.62%	29.33%	3.72%	5.45%	-15.99%
Accounts Receivable	12,576	14,554	11,630	8,982	10,967	13,037
Other Receivables	824.43	340.89	304.74	188.12	470.21	209.02
Receivables	13,400	14,895	11,935	9,170	11,437	13,247
Inventory	17,124	16,375	16,671	15,292	16,186	18,194
Prepaid Expenses	366.8	360.96	58.73	60.67	63.88	78.33
Other Current Assets	1,405	1,279	894.73	603.18	1,566	1,305
Total Current Assets	95,102	104,946	62,814	50,838	54,044	56,333
Property, Plant & Equipment	31,097	30,059	26,785	26,982	27,337	28,282
Long-Term Investments	1,460	1,458	344.56	243.47	223.92	348.96
Goodwill	28,486	28,486	28,486	28,486	28,486	28,486
Other Intangible Assets	1,165	1,238	1,323	638.88	634.24	639.66
Long-Term Accounts Receivable	-	-	45.77	-	-	-
Long-Term Deferred Charges	534.11	264.77	-	-	-	-
Other Long-Term Assets	66.58	70.26	386.3	331.41	291.45	287.87
Total Assets	157,912	166,522	120,185	107,521	111,017	114,378

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	7,891	7,159	6,845	5,858	7,060	10,456
Accrued Expenses	2,770	3,606	3,770	3,446	2,003	1,253
Short-Term Debt	6,000	6,000	8,000	8,000	32,000	23,000
Current Portion of Long-Term Debt	3,500	8,200	16,000	6,500	6,408	20,830
Current Portion of Leases	167.16	182.89	301.14	276.29	159.91	132.82
Current Income Taxes Payable	4,078	9,117	-	-	50.23	-
Other Current Liabilities	3,865	3,593	1,457	2,567	4,874	4,936
Total Current Liabilities	28,272	37,859	36,373	26,648	52,554	60,608
Long-Term Debt	15,250	12,150	5,000	25,500	6,250	5,408
Long-Term Leases	45.88	64.44	195.63	230.99	131.05	39.78
Pension & Post-Retirement Benefits	8,153	7,784	7,756	6,529	6,752	7,145
Long-Term Deferred Tax Liabilities	1,059	1,087	1,380	1,943	1,953	2,043
Other Long-Term Liabilities	427.98	649.09	1,106	638.77	51.3	51.3
Total Liabilities	53,208	59,593	51,811	61,489	67,691	75,295

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	15,444	15,444	15,444	13,693	29,500	29,500
Additional Paid-In Capital	69,287	69,287	24,483	2,867	2,867	2,867
Retained Earnings	28,880	32,977	40,357	42,387	39,335	34,812
Treasury Stock	-1,595	-1,595	-2,580	-13,968	-29,775	-29,775
Comprehensive Income & Other	-8,154	-9,949	-10,119	335.63	695.33	939.49
Total Common Equity	103,861	106,164	67,584	45,315	42,623	38,344
Minority Interest	842.32	765.64	789.69	716.71	702.88	738.85
Shareholders' Equity	104,704	106,929	68,374	46,032	43,326	39,083
Total Liabilities & Equity	157,912	166,522	120,185	107,521	111,017	114,378

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	24,963	26,597	29,497	40,507	44,948	49,410
Net Cash (Debt)	37,843	45,439	3,758	-14,795	-20,158	-25,901
Net Cash Growth	-	1109.30%	-	-	-	-
Net Cash Per Share	1317.96	1616.58	143.50	-606.69	-826.60	-1026.60
Filing Date Shares Outstanding	28.64	29.03	27.89	24.39	24.39	24.39
Total Common Shares Outstanding	28.64	29.03	27.89	24.39	24.39	24.39
Working Capital	66,830	67,087	26,440	24,191	1,490	-4,275
Book Value Per Share	3626.54	3656.64	2423.42	1858.24	1747.85	1572.37
Tangible Book Value	74,210	76,440	37,774	16,190	13,503	9,218
Tangible Book Value Per Share	2591.22	2632.85	1354.50	663.90	553.70	378.00
Land	10,333	10,333	10,333	10,333	10,333	10,333
Buildings	24,132	21,984	19,455	19,249	19,248	19,278
Machinery	23,677	22,014	21,495	19,675	29,538	29,436
Construction In Progress	469.76	1,374	223.65	161.33	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

Data Sources Report a data error