Korea District Heating Corp. (KRX:071320)

Korea District Heating Balance Sheet

Financials in millions KRW. 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	31,048	6,889	14,123	39,041	16,578	29,604
Short-Term Investments	3,900	2,500	2,200	2,900	2,000	2,000
Trading Asset Securities	-	-	-	-	517.76	181.33
Cash & Short-Term Investments	34,948	9,389	16,323	41,941	19,096	31,786
Cash Growth	-46.37%	-42.48%	-61.08%	119.64%	-39.92%	41.63%
Accounts Receivable	295,658	723,900	707,448	849,790	544,990	434,147
Other Receivables	-	235,906	79,728	108,548	71,059	35,634
Receivables	301,882	965,553	796,426	970,693	626,028	476,838
Inventory	17,548	25,852	61,273	60,023	39,137	38,853
Prepaid Expenses	-	2,375	2,828	3,098	4,500	5,032
Other Current Assets	144,338	43,729	22,792	43,603	22,780	31,397
Total Current Assets	498,716	1,046,898	899,641	1,119,358	711,541	583,906
Property, Plant & Equipment	6,613,626	6,635,101	6,297,765	5,948,018	5,495,589	5,224,383
Long-Term Investments	14,625	13,301	14,414	15,823	13,040	9,712
Other Intangible Assets	55,737	61,799	69,810	76,916	80,080	82,291
Long-Term Accounts Receivable	-	-	-	0	-0	0
Long-Term Deferred Tax Assets	12,001	73,330	121,744	139,316	75,321	79,800
Other Long-Term Assets	638,578	458,167	493,444	100,890	78,567	38,107
Total Assets	7,900,143	8,362,238	7,968,409	7,478,130	6,517,362	6,073,139
Accounts Payable	-	503,644	505,606	1,003,402	507,423	231,903
Accrued Expenses	61,058	84,159	74,207	66,328	53,207	56,025
Short-Term Debt	560,000	603,727	540,000	530,000	470,288	-
Current Portion of Long-Term Debt	930,473	370,030	759,807	259,863	329,948	429,909
Current Portion of Leases	8,427	8,520	9,123	8,520	10,070	9,321
Current Income Taxes Payable	7,020	142.5	8,184	85.44	845.51	4,919
Current Unearned Revenue	-	49,703	48,251	45,463	42,223	39,735
Other Current Liabilities	411,151	68,511	83,113	82,295	100,678	149,127
Total Current Liabilities	1,978,129	1,688,436	2,028,292	1,995,956	1,514,682	920,938
Long-Term Debt	2,555,602	3,242,764	2,683,222	2,670,039	2,087,480	2,317,785
Long-Term Leases	100,013	107,908	109,746	111,751	107,303	102,327
Long-Term Unearned Revenue	-	1,039,925	1,041,114	1,026,337	976,710	917,001
Other Long-Term Liabilities	1,046,498	14,956	12,791	7,043	8,009	11,353
Total Liabilities	5,680,242	6,093,989	5,875,166	5,811,127	4,694,184	4,269,404
Common Stock	57,894	57,894	57,894	57,894	57,894	57,894
Additional Paid-In Capital	113,713	113,713	113,713	113,713	113,713	113,713
Retained Earnings	1,804,792	1,599,832	1,415,927	1,229,630	1,397,948	1,384,803
Comprehensive Income & Other	243,502	495,661	500,932	260,969	253,624	247,325
Total Common Equity	2,219,901	2,267,100	2,088,466	1,662,207	1,823,179	1,803,735
Minority Interest	-	1,149	4,778	4,796	-	-
Shareholders' Equity	2,219,901	2,268,249	2,093,244	1,667,003	1,823,179	1,803,735
Total Liabilities & Equity	7,900,143	8,362,238	7,968,409	7,478,130	6,517,362	6,073,139
Total Debt	4,154,515	4,332,949	4,101,899	3,580,173	3,005,089	2,859,342
Net Cash (Debt)	-4,119,567	-4,323,560	-4,085,576	-3,538,232	-2,985,993	-2,827,557
Net Cash Per Share	-367142.35	-373404.89	-352851.42	-305579.92	-257885.78	-244202.35
Filing Date Shares Outstanding	12.48	11.58	11.58	11.58	11.58	11.58
Total Common Shares Outstanding	12.48	11.58	11.58	11.58	11.58	11.58
Working Capital	-1,479,413	-641,538	-1,128,651	-876,599	-803,141	-337,032
Book Value Per Share	177878.29	195798.45	180370.65	143556.73	157459.12	155779.83
Tangible Book Value	2,164,164	2,205,301	2,018,655	1,585,291	1,743,099	1,721,444
Tangible Book Value Per Share	173412.15	190461.16	174341.48	136913.87	150542.98	148672.76
Land	1,053,346	1,053,808	1,052,708	1,052,884	1,029,015	1,029,015
Buildings	920,962	1,341,971	1,182,616	1,145,155	1,059,110	1,008,306
Machinery	4,081,543	7,795,063	7,354,825	6,880,121	6,383,195	6,055,470
Construction In Progress	430,111	690,455	685,430	580,628	428,115	317,938

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.