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

SHIP Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	5.6	4.87	5.76	4.91	4.42	5.45
Cash & Short-Term Investments	5.6	4.87	5.76	4.91	4.42	5.45
Cash Growth	47.90%	-15.52%	17.35%	11.12%	-19.01%	9.47%
Accounts Receivable	88.5	81.93	87.12	77.3	85.93	93.81
Other Receivables	0.58	0.18	0.21	0.26	-0.1	0.4
Receivables	89.07	82.12	87.33	77.56	85.83	94.21
Inventory	15.74	13.74	10.79	10.31	21.32	16.61
Prepaid Expenses	2.32	2.53	1.15	0.92	1.06	1.55
Other Current Assets	4.7	3.13	1.64	2.25	1.53	1.75
Total Current Assets	117.44	106.39	106.67	95.94	114.16	119.57
Property, Plant & Equipment	77.46	74.3	64.26	57.53	61.43	67.52
Long-Term Investments	1.63	1.74	1.93	2.04	2.07	2.05
Long-Term Accounts Receivable	1.62	1.41	3.73	12.16	10.51	-
Total Assets	198.14	183.84	176.59	167.66	188.17	189.15
Accounts Payable	9.72	6.5	47.69	7.26	9.18	10.86
Accrued Expenses	6.82	6.88	-	7.19	9.02	6.87
Short-Term Debt	21.14	14.36	23.75	17.56	23.6	26.05
Current Portion of Long-Term Debt	11.74	10.05	10.41	9.66	9.51	5.59
Current Portion of Leases	0.86	0.86	0.1	0.12	0.06	-
Current Income Taxes Payable	0.17	0.36	-	-	-	-
Current Unearned Revenue	0.48	0.27	0.21	0.22	0.67	2.67
Other Current Liabilities	54	47.04	-	30.75	43.08	44.39
Total Current Liabilities	104.92	86.31	82.15	72.75	95.12	96.42
Long-Term Debt	0.36	0.96	2.73	6.78	9.89	12.87
Long-Term Leases	0.09	0.91	0.27	0.31	0.1	0.15
Other Long-Term Liabilities	1.33	1.87	2.43	2.95	1.1	-
Total Liabilities	124.49	109.81	105.79	98.86	122.1	126.85
Common Stock	18.02	18.02	18.02	18.02	18.02	18.02
Retained Earnings	55.15	55.42	52	49.89	47.12	43.37
Comprehensive Income & Other	0.48	0.59	0.78	0.89	0.93	0.91
Total Common Equity	73.65	74.03	70.8	68.8	66.07	62.3
Minority Interest	0	0	0	0	0	0
Shareholders' Equity	73.65	74.03	70.8	68.81	66.07	62.3
Total Liabilities & Equity	198.14	183.84	176.59	167.66	188.17	189.15
Total Debt	34.19	27.15	37.25	34.43	43.16	44.66
Net Cash (Debt)	-28.59	-22.28	-31.49	-29.52	-38.74	-39.21
Net Cash Per Share	-0.16	-0.12	-0.17	-0.16	-0.21	-0.22
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	12.52	20.08	24.52	23.19	19.05	23.15
Book Value Per Share	0.41	0.41	0.39	0.38	0.37	0.35
Tangible Book Value	73.65	74.03	70.8	68.8	66.07	62.3
Tangible Book Value Per Share	0.41	0.41	0.39	0.38	0.37	0.35
Land	-	5.45	5.45	5.45	5.45	5.45
Buildings	-	24.33	24.29	24.39	24.45	24.4
Machinery	-	86.78	84.49	86.68	33.74	33.51
Construction In Progress	-	0.58	4.57	0.05	0.03	-
Order Backlog	-	456.42	317.01	181.02	209.17	-

Source: S&P Capital IQ. Standard template. Financial Sources.