Heavy Engineering Industries and Shipbuilding Company K.S.C.P. (KWSE:SHIP)

KWSE:SHIP Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	6.57	3.63	4.87	5.76	4.91	4.42
Cash & Short-Term Investments	6.57	3.63	4.87	5.76	4.91	4.42
Cash Growth	-14.38%	-25.35%	-15.52%	17.35%	11.12%	-19.01%
Accounts Receivable	108.65	98.67	81.93	87.12	77.3	85.93
Other Receivables	0.19	0.52	0.18	0.21	0.26	-0.1
Receivables	108.84	99.19	82.12	87.33	77.56	85.83
Inventory	15.89	15.47	13.74	10.79	10.31	21.32
Prepaid Expenses	2.27	2.09	2.53	1.15	0.92	1.06
Other Current Assets	4.09	2.83	3.13	1.64	2.25	1.53
Total Current Assets	137.67	123.21	106.39	106.67	95.94	114.16
Property, Plant & Equipment	81.61	78.37	74.3	64.26	57.53	61.43
Long-Term Investments	1.64	1.61	1.74	1.93	2.04	2.07
Long-Term Accounts Receivable	1.57	1.43	1.41	3.73	12.16	10.51
Total Assets	222.49	204.61	183.84	176.59	167.66	188.17
Accounts Payable	10.79	9.25	6.5	47.69	7.26	9.18
Accrued Expenses	7.2	6.88	6.88	-	7.19	9.02
Short-Term Debt	31.15	27.47	14.36	23.75	17.56	23.6
Current Portion of Long-Term Debt	15.04	11.58	10.05	10.41	9.66	9.51
Current Portion of Leases	0.85	0.86	0.86	0.1	0.12	0.06
Current Income Taxes Payable	0.1	0.3	0.36	-	-	-
Current Unearned Revenue	0.34	1.84	0.27	0.21	0.22	0.67
Other Current Liabilities	53.82	47.01	47.04	-	30.75	43.08
Total Current Liabilities	119.29	105.19	86.31	82.15	72.75	95.12
Long-Term Debt	1.42	1.9	0.96	2.73	6.78	9.89
Long-Term Leases	2.59	0.34	0.91	0.27	0.31	0.1
Other Long-Term Liabilities	0.99	1.1	1.87	2.43	2.95	1.1
Total Liabilities	143.27	127.04	109.81	105.79	98.86	122.1
Common Stock	18.02	18.02	18.02	18.02	18.02	18.02
Retained Earnings	60.69	59.08	55.42	52	49.89	47.12
Comprehensive Income & Other	0.5	0.46	0.59	0.78	0.89	0.93
Total Common Equity	79.21	77.57	74.03	70.8	68.8	66.07
Minority Interest	0.01	0.01	0	0	0	0
Shareholders' Equity	79.22	77.57	74.03	70.8	68.81	66.07
Total Liabilities & Equity	222.49	204.61	183.84	176.59	167.66	188.17
Total Debt	51.05	42.14	27.15	37.25	34.43	43.16
Net Cash (Debt)	-44.47	-38.51	-22.28	-31.49	-29.52	-38.74
Net Cash Per Share	-0.25	-0.21	-0.12	-0.17	-0.16	-0.21
Filing Date Shares Outstanding	180.24	180.24	180.24	180.24	180.24	180.24
Total Common Shares Outstanding	180.24	180.24	180.24	180.24	180.24	180.24
Working Capital	18.38	18.02	20.08	24.52	23.19	19.05
Book Value Per Share	0.44	0.43	0.41	0.39	0.38	0.37
Tangible Book Value	79.21	77.57	74.03	70.8	68.8	66.07
Tangible Book Value Per Share	0.44	0.43	0.41	0.39	0.38	0.37
Land	-	5.45	5.45	5.45	5.45	5.45
Buildings	-	23.33	23.08	24.29	24.39	24.45
Machinery	-	97.58	95.85	84.49	86.68	33.74
Construction In Progress	-	1.92	0.58	4.57	0.05	0.03
Order Backlog	-	603.07	456.42	317.01	181.02	209.17

Source: S&P Global Market Intelligence. Standard template. Financial Sources.