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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5.39	3.63	4.87	5.76	4.91	4.42
Cash & Short-Term Investments	5.39	3.63	4.87	5.76	4.91	4.42
Cash Growth	-3.75%	-25.35%	-15.52%	17.35%	11.12%	-19.01%
Accounts Receivable	116.53	98.67	81.93	87.12	77.3	85.93
Other Receivables	-	0.52	0.18	0.21	0.26	-0.1
Receivables	116.53	99.19	82.12	87.33	77.56	85.83
Inventory	22.05	15.47	13.74	10.79	10.31	21.32
Prepaid Expenses	-	2.09	2.53	1.15	0.92	1.06
Other Current Assets	-	2.83	3.13	1.64	2.25	1.53
Total Current Assets	143.97	123.21	106.39	106.67	95.94	114.16
Property, Plant & Equipment	81.51	78.37	74.3	64.26	57.53	61.43
Long-Term Investments	1.76	1.61	1.74	1.93	2.04	2.07
Long-Term Accounts Receivable	2.65	1.43	1.41	3.73	12.16	10.51
Total Assets	229.89	204.61	183.84	176.59	167.66	188.17
Accounts Payable	81.44	9.25	6.5	47.69	7.26	9.18
Accrued Expenses	-	6.88	6.88	-	7.19	9.02
Short-Term Debt	-	27.47	14.36	23.75	17.56	23.6
Current Portion of Long-Term Debt	41.92	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	-	0.3	0.36	-	-	-
Current Unearned Revenue	0.37	1.84	0.27	0.21	0.22	0.67
Other Current Liabilities	-	47.01	47.04	-	30.75	43.08
Total Current Liabilities	124.58	105.19	86.31	82.15	72.75	95.12
Long-Term Debt	4.74	1.9	0.96	2.73	6.78	9.89
Long-Term Leases	1.89	0.34	0.91	0.27	0.31	0.1
Pension & Post-Retirement Benefits	20.67	18.51	19.75	18.2	16.06	15.89
Other Long-Term Liabilities	0.94	1.1	1.87	2.43	2.95	1.1
Total Liabilities	152.82	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	58.43	59.08	55.42	52	49.89	47.12
Comprehensive Income & Other	0.61	0.46	0.59	0.78	0.89	0.93
Total Common Equity	77.07	77.57	74.03	70.8	68.8	66.07
Minority Interest	0.01	0.01	0	0	0	0
Shareholders' Equity	77.07	77.57	74.03	70.8	68.81	66.07
Total Liabilities & Equity	229.89	204.61	183.84	176.59	167.66	188.17
Total Debt	49.4	42.14	27.15	37.25	34.43	43.16
Net Cash (Debt)	-44.01	-38.51	-22.28	-31.49	-29.52	-38.74
Net Cash Per Share	-0.24	-0.21	-0.12	-0.17	-0.16	-0.21
Filing Date Shares Outstanding	180.23	180.24	180.24	180.24	180.24	180.24
Total Common Shares Outstanding	180.23	180.24	180.24	180.24	180.24	180.24
Working Capital	19.4	18.02	20.08	24.52	23.19	19.05
Book Value Per Share	0.43	0.43	0.41	0.39	0.38	0.37
Tangible Book Value	77.07	77.57	74.03	70.8	68.8	66.07
Tangible Book Value Per Share	0.43	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.