Highway Holdings Limited (HIHO) - Net Assets
Based on the latest financial reports, Highway Holdings Limited (HIHO) has net assets worth $5.85 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.72 Million) and total liabilities ($1.87 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Highway Holdings Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.85 Million |
| % of Total Assets | 75.81% |
| Annual Growth Rate | -1.96% |
| 5-Year Change | -35.87% |
| 10-Year Change | -47.49% |
| Growth Volatility | 7.73 |
Highway Holdings Limited - Net Assets Trend (1997–2025)
This chart illustrates how Highway Holdings Limited's net assets have evolved over time, based on quarterly financial data. Also explore HIHO current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Highway Holdings Limited (1997–2025)
The table below shows the annual net assets of Highway Holdings Limited from 1997 to 2025. For live valuation and market cap data, see HIHO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $6.27 Million | -5.59% |
| 2024-03-31 | $6.64 Million | -19.21% |
| 2023-03-31 | $8.22 Million | -11.36% |
| 2022-03-31 | $9.27 Million | -5.16% |
| 2021-03-31 | $9.77 Million | -10.49% |
| 2020-03-31 | $10.92 Million | +7.70% |
| 2019-03-31 | $10.14 Million | -14.02% |
| 2018-03-31 | $11.79 Million | +4.24% |
| 2017-03-31 | $11.31 Million | -5.23% |
| 2016-03-31 | $11.93 Million | -2.44% |
| 2015-03-31 | $12.23 Million | 0.00% |
| 2014-03-31 | $12.23 Million | +1.38% |
| 2013-03-31 | $12.07 Million | +0.58% |
| 2012-03-31 | $12.00 Million | -4.51% |
| 2011-03-31 | $12.56 Million | +7.65% |
| 2010-03-31 | $11.67 Million | +1.95% |
| 2009-03-31 | $11.45 Million | +8.57% |
| 2008-03-31 | $10.54 Million | -13.33% |
| 2007-03-31 | $12.17 Million | -0.87% |
| 2006-03-31 | $12.27 Million | -6.03% |
| 2005-03-31 | $13.06 Million | +1.69% |
| 2004-03-31 | $12.84 Million | +7.86% |
| 2003-03-31 | $11.91 Million | +3.85% |
| 2002-03-31 | $11.47 Million | -1.97% |
| 2001-03-31 | $11.70 Million | -9.53% |
| 2000-03-31 | $12.93 Million | -2.79% |
| 1999-03-31 | $13.30 Million | +9.92% |
| 1998-03-31 | $12.10 Million | +11.01% |
| 1997-03-31 | $10.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Highway Holdings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 358.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $44.00K | 0.70% |
| Other Comprehensive Income | $-516.00K | -8.23% |
| Other Components | $12.18 Million | 194.26% |
| Total Equity | $6.27 Million | 100.00% |
Highway Holdings Limited Competitors by Market Cap
The table below lists competitors of Highway Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cash.Medien AG
HM:MF8
|
$3.80 Million |
|
Richmond Minerals Inc
V:RMD
|
$3.80 Million |
|
Madhav Marbles and Granites Limited
NSE:MADHAV
|
$3.80 Million |
|
Lomiko Metals Inc
V:LMR
|
$3.80 Million |
|
Azitra Inc
NYSE MKT:AZTR
|
$3.79 Million |
|
HELIX Resources Ltd
AU:HLX
|
$3.78 Million |
|
Ragusa Minerals Ltd
AU:RAS
|
$3.78 Million |
|
QEM Ltd
AU:QEM
|
$3.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highway Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,645,000 to 6,269,000, a change of -376,000 (-5.7%).
- Net income of 106,000 contributed positively to equity growth.
- Dividend payments of 492,000 reduced retained earnings.
- Other comprehensive income decreased equity by 15,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $106.00K | +1.69% |
| Dividends Paid | $492.00K | -7.85% |
| Other Comprehensive Income | $-15.00K | -0.24% |
| Other Changes | $25.00K | +0.4% |
| Total Change | $- | -5.66% |
Book Value vs Market Value Analysis
This analysis compares Highway Holdings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.57x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.21x to 0.57x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-03-31 | $3.81 | $0.81 | x |
| 1998-03-31 | $3.82 | $0.81 | x |
| 1999-03-31 | $4.50 | $0.81 | x |
| 2000-03-31 | $4.51 | $0.81 | x |
| 2001-03-31 | $4.03 | $0.81 | x |
| 2002-03-31 | $3.95 | $0.81 | x |
| 2003-03-31 | $4.10 | $0.81 | x |
| 2004-03-31 | $3.94 | $0.81 | x |
| 2005-03-31 | $4.01 | $0.81 | x |
| 2006-03-31 | $3.46 | $0.81 | x |
| 2007-03-31 | $3.30 | $0.81 | x |
| 2008-03-31 | $2.77 | $0.81 | x |
| 2009-03-31 | $3.03 | $0.81 | x |
| 2010-03-31 | $3.11 | $0.81 | x |
| 2011-03-31 | $3.33 | $0.81 | x |
| 2012-03-31 | $3.17 | $0.81 | x |
| 2013-03-31 | $3.19 | $0.81 | x |
| 2014-03-31 | $3.23 | $0.81 | x |
| 2015-03-31 | $3.22 | $0.81 | x |
| 2016-03-31 | $3.14 | $0.81 | x |
| 2017-03-31 | $2.97 | $0.81 | x |
| 2018-03-31 | $3.10 | $0.81 | x |
| 2019-03-31 | $2.67 | $0.81 | x |
| 2020-03-31 | $2.79 | $0.81 | x |
| 2021-03-31 | $2.44 | $0.81 | x |
| 2022-03-31 | $2.21 | $0.81 | x |
| 2023-03-31 | $2.02 | $0.81 | x |
| 2024-03-31 | $1.52 | $0.81 | x |
| 2025-03-31 | $1.42 | $0.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highway Holdings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.43%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.52x
- Recent ROE (1.69%) is below the historical average (2.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 11.01% | 6.74% | 1.16x | 1.40x | $110.00K |
| 1998 | 10.74% | 5.16% | 1.33x | 1.56x | $90.00K |
| 1999 | 9.77% | 5.78% | 1.33x | 1.27x | $-30.00K |
| 2000 | -2.05% | -1.46% | 1.05x | 1.34x | $-1.56 Million |
| 2001 | -10.70% | -7.14% | 1.12x | 1.34x | $-2.42 Million |
| 2002 | -2.01% | -1.19% | 1.24x | 1.37x | $-1.38 Million |
| 2003 | 4.07% | 2.38% | 1.23x | 1.39x | $-705.80K |
| 2004 | 7.65% | 3.87% | 1.36x | 1.45x | $-302.40K |
| 2005 | -1.16% | -0.55% | 1.38x | 1.54x | $-1.46 Million |
| 2006 | 0.34% | 0.16% | 1.37x | 1.54x | $-1.19 Million |
| 2007 | 4.88% | 1.89% | 1.40x | 1.84x | $-622.70K |
| 2008 | -18.22% | -5.79% | 1.62x | 1.94x | $-2.98 Million |
| 2009 | 6.71% | 2.28% | 1.89x | 1.56x | $-376.90K |
| 2010 | 3.60% | 1.93% | 1.33x | 1.40x | $-747.20K |
| 2011 | 13.13% | 5.30% | 1.61x | 1.54x | $393.50K |
| 2012 | 1.53% | 0.73% | 1.53x | 1.38x | $-1.02 Million |
| 2013 | 3.71% | 2.04% | 1.43x | 1.27x | $-758.70K |
| 2014 | 4.87% | 2.60% | 1.35x | 1.39x | $-627.30K |
| 2015 | 9.40% | 5.14% | 1.32x | 1.39x | $-73.30K |
| 2016 | 10.48% | 5.45% | 1.35x | 1.43x | $57.60K |
| 2017 | 4.66% | 2.69% | 1.12x | 1.55x | $-604.00K |
| 2018 | 13.15% | 8.09% | 1.06x | 1.54x | $371.00K |
| 2019 | -6.21% | -4.41% | 0.94x | 1.50x | $-1.64 Million |
| 2020 | 6.28% | 5.46% | 0.69x | 1.66x | $-405.80K |
| 2021 | -4.72% | -5.03% | 0.59x | 1.58x | $-1.44 Million |
| 2022 | 4.78% | 3.58% | 0.83x | 1.60x | $-483.90K |
| 2023 | -3.58% | -2.87% | 0.74x | 1.69x | $-1.11 Million |
| 2024 | -14.43% | -15.17% | 0.56x | 1.70x | $-1.62 Million |
| 2025 | 1.69% | 1.43% | 0.78x | 1.52x | $-520.90K |
Industry Comparison
This section compares Highway Holdings Limited's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $558,290,778
- Average return on equity (ROE) among peers: 5.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Highway Holdings Limited (HIHO) | $5.85 Million | 11.01% | 0.32x | $3.79 Million |
| Ampco-Pittsburgh Corporation (AP) | $113.40 Million | 3.01% | 3.43x | $193.51 Million |
| Allegheny Technologies Incorporated (ATI) | $2.59 Billion | 5.82% | 1.41x | $19.84 Billion |
| CompoSecure, Inc. (CMPO) | $-407.70 Million | 0.00% | 0.00x | $2.49 Billion |
| CompoSecure, Inc. (CMPO) | $-292.00 Million | 0.00% | 0.00x | $4.78 Billion |
| Carpenter Technology Corporation (CRS) | $319.90 Million | 9.41% | 1.24x | $21.39 Billion |
| ESAB Corp (ESAB) | $2.54 Billion | 6.19% | 0.33x | $6.07 Billion |
| Gulf Island Fabrication Inc (GIFI) | $285.80 Million | 5.36% | 0.41x | $188.30 Million |
| GPGI, Inc. (GPGI) | $-143.45 Million | 0.00% | 0.00x | $4.53 Billion |
| Insteel Industries Inc (IIIN) | $16.80 Million | 21.43% | 1.54x | $512.06 Million |
About Highway Holdings Limited
Highway Holdings Limited, together with its subsidiaries, manufactures and sells metal, plastic, electric, and electronic parts and components, subassemblies, and finished products in Hong Kong, China, Europe, and North America. The company operates through two segments, Metal Stamping and Mechanical Original Equipment Manufacturer (OEM), and Electric OEM. Its products are used in the manufacture… Read more