Sorl Auto Parts Balance Sheet - Annual (NASDAQ:SORL)

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$3.84 $0.09 (2.29%) SORL stock closing price Dec 08, 2016 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Sorl Auto Parts stock analysis. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Sorl Auto Parts stock analysis. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Sorl Auto Parts balance sheet as at the end of 2015 indicates an asset turnover ratio of 0.91M and debt to equity ratio of 0.01M. Whereas, Sorl Auto Parts revenue was $218.65M and Sorl Auto Parts operating cash flow was $39.31M for the same period. View latest and last 10 year balance sheet data to check Sorl Auto Parts financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash31.01M14M28.24M41.25M17.11M6.69M10.25M7.79M4.34M11.13M
Marketable Securities61M34.83M--------
Receivables71.82M68.17M57.91M62.15M65.34M54.16M44.54M35.79M30.58M26.75M
Inventory73.66M84.18M76.36M56.77M56.37M31.96M18.76M19.1M8.22M4.52M
Raw Materials13.03M11.93M12.38M9.11M------
Work In Progress28.78M30.02M31.54M20.55M------
Finished Goods31.83M42.4M32.46M27.1M------
Notes Receivable22.87M17.62M20.18M10.09M17.98M27.31M13.08M7.53M9.41M3.49M
Other Current Assets7.59M8.09M8.15M9.29M8.04M11.13M8M5.45M5.61M8.45M
Sorl Auto Parts Total Current Assets
267.97M226.92M190.86M179.57M164.86M131.26M94.64M75.69M58.16M54.37M
Property Plant & Equipment93.34M96.07M89.38M84.31M83.49M68.35M35.81M32.92M27.88M20.41M
Accumulated Depreciation55.78M52.52M44.17M37.35M30.9M23.03M11.6M8.95M6.09M4.1M
Sorl Auto Parts Net Property Plant & Equipment
37.56M43.55M45.46M47.29M52.58M45.31M24.2M23.97M21.79M16.31M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges-----0.39M0.22M0.2M0.07M0.12M
Intangibles13.25M14.45M14.45M14.8M15.19M14.39M14.3M14.63M13.94M0.02M
Deposits & Other Assets1.75M1.96M2.18M1.87M1.88M----0.04M
Sorl Auto Parts Total Assets
320.55M286.9M252.98M243.56M234.52M191.37M133.37M114.5M93.97M70.88M
Notes Payable--4.52M14.59M22.03M16.73M--3.37M-
Accounts Payable35.29M13.86M13.29M14.32M10.77M10.67M9.72M4.62M5.3M4.62M
Current Portion Long-Term Debt23.36M9.53M--------
Current Portion Capital Leases3.51M3.73M3.63M10.45M2.3M-----
Accrued Expenses13.87M13.56M10.06M8.5M8.8M6.77M4.2M2.38M1.86M1.23M
Income Taxes Payable-1.1M0.49M-0.27M1.17M0.55M0.34M0.37M0.35M
Other Current Liabilities22.07M21.17M14.18M6.91M5.54M8.04M4.25M6.75M2.54M0.96M
Sorl Auto Parts Total Current Liabilities
98.12M62.98M46.2M54.79M49.74M43.4M18.73M14.1M13.45M7.17M
Mortgages----------
Deferred Taxes/Income---0.29M0.23M0.17M0.11M0.1M--
Convertible Debt----------
Long-Term Debt----------
Non-Current Capital Leases-3.73M7.27M-10.46M-----
Other Long-Term Liabilities----------
Sorl Auto Parts Total Liabilities
98.12M66.71M53.47M55.08M60.44M43.57M18.85M24.22M21.47M13.51M
Minority Interest-------10M8.02M6.33M
Preferred Stock----------
Common Stock Net0.03M0.03M0.03M0.03M0.03M0.03M0.03M0.03M0.03M0.03M
Capital Surplus42.19M42.19M42.19M42.19M42.19M42.19M37.49M37.49M37.49M37.44M
Retained Earnings142.26M128.95M115.15M105.79M92.98M76.31M54.65M41.9M29.53M17.98M
Treasury Stock----------
Other Liabilities37.92M48.99M42.11M40.44M38.85M29.24M22.33M10.84M5.43M1.89M
Sorl Auto Parts Shareholders Equity
222.42M220.18M199.5M188.47M174.08M147.8M114.52M90.28M72.49M57.36M
Sorl Auto Parts Total Liabilities & Shareholders Equity
320.55M286.9M252.98M243.56M234.52M191.37M133.37M114.5M93.97M70.88M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Sorl Auto Parts historical stock prices and the current Sorl Auto Parts stock price can tell you how the stock price has moved, whereas the Sorl Auto Parts PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: Anything that the Sorl Auto Parts company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Sorl Auto Parts had total assets of $320.55M.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Sorl Auto Parts's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for SORL stock stand at $98.12M.
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Sorl Auto Parts Balance Sheet - Key Ratios

Current ratio
1.8
Debt to Equity ratio
0.01
Asset Turnover
ratio
0.91
receivables turnover
ratio
3.1
PB ratio (
price to book ratio
)
0.3780