China Automotive Systems Balance Sheet - Annual (NASDAQ:CAAS)

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$4.07 $0.01 (0.25%) CAAS stock closing price Jul 16, 2018 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like China Automotive Systems, and helps in stock analysis. How cash on hand has increased or decreased is one of the many indicators used while undertaking the China Automotive Systems stock analysis, and provides insights into the firm's financial performance. Annual results announcements include the release of all three financial statements, of which the balance sheet is one. China Automotive Systems had a long term debt of $- at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at China Automotive Systems operating cash flow and China Automotive Systems revenue also. China Automotive Systems debt to equity ratio is 0.23.

View latest 10 year balance sheet data to check China Automotive Systems financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash64.55M31.09M69.67M68.5M53.97M87.64M72.96M49.42M43.48M37.11M
Marketable Securities29.58M30.47M21.2M41.01M35.51M-----
Receivables294.07M306.71M276.31M305.1M284.83M223.59M212.45M195.85M154.86M96.42M
Inventory79.21M68.05M65.57M64.41M51.39M43.54M51.6M36.87M27.41M26.57M
Raw Materials20.03M15M15.65M15.84M12.18M11.14M15.6M11.9M10.68M8.35M
Work In Progress17.95M10.85M14.22M11.84M8.07M7.09M7.34M7.7M6.82M4.46M
Finished Goods41.23M42.19M35.69M36.72M31.12M25.3M28.65M19.19M12.01M14.82M
Notes Receivable----------
Other Current Assets65.16M49.57M43.28M43.57M44.69M34.77M28.35M28.4M16.53M8.18M
Total Current Assets
532.6M485.9M476.05M522.62M470.4M389.56M365.37M310.56M242.29M168.29M
Property Plant & Equipment262.15M216.07M195.36M186.33M169.91M155.64M155.71M132.31M105.71M89.64M
Accumulated Depreciation136.11M114.59M111.21M103.86M89.89M73.95M70.86M56.93M45.22M37.66M
Net Property Plant & Equipment
126.03M101.47M84.15M82.46M80.01M81.69M84.84M75.38M60.48M51.97M
Investment & Advances42.51M36.8M35.28M13.41M9.6M8.82M8.66M12.53M6.44M6.53M
Other Non-Current Assets2.18M2.25M3.89M1.69M--2.37M2.8M1.06M1.34M
Deferred Charges13.36M4.64M4.89M4.89M4.52M4.11M4.34M3.27M2.17M2.38M
Intangibles--3.4M4.06M------
Deposits & Other Assets----------
Total Assets
717.36M631.69M607.69M629.16M565.6M485.82M466.44M405.21M313.03M231.04M
Notes Payable72.71M40.82M40.92M43.98M37.38M40.28M10.31M36.79M33.76M40.23M
Accounts Payable240.21M223.79M203.46M217.94M203.05M170.9M171.5M148.51M107.49M59.24M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses52.75M46.98M42.37M48.56M40.74M32.79M31.86M37.85M24.52M18.98M
Income Taxes Payable5.92M11.86M9.47M11.74M7.9M5.63M2.33M6.86M11.36M5.71M
Other Current Liabilities1.85M1.39M1.95M2.26M1.98M1.2M1.53M26.34M2.79M2.07M
Total Current Liabilities
373.46M324.86M298.21M324.51M291.07M250.81M217.55M256.37M179.95M126.25M
Mortgages----------
Deferred Taxes/Income4.39M---------
Convertible Debt------23.57M---
Long-Term Debt--1.92M6.15M2.76M2.6M----
Non-Current Capital Leases----------
Other Long-Term Liabilities32.71M-----8.17M---
Total Liabilities
411.24M325.8M300.4M330.99M293.83M253.42M250.28M256.97M180.18M149.71M
Minority Interest---------23.22M
Preferred Stock----------
Common Stock Net----------
Capital Surplus64.4M64.76M64.62M64.52M39.56M39.37M39.29M28.56M27.51M27.14M
Retained Earnings220.16M239.51M217M189.61M156.07M129.28M108.53M67.74M66.96M43.55M
Treasury Stock2.9M2.9M1M1M1M1M----
Other Liabilities24.46M4.52M26.66M45.03M77.13M64.74M68.31M51.92M38.36M10.62M
Shareholders Equity306.12M305.89M307.29M298.16M271.77M232.4M216.15M148.23M132.84M81.33M
Total Liabilities & Shareholders Equity717.36M631.69M607.69M629.16M565.6M485.82M466.44M405.21M313.03M231.04M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at China Automotive Systems historical stock prices and the current China Automotive Systems stock price can tell you how the stock price has moved, whereas the China Automotive Systems 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: An asset is a resource that a corporation like China Automotive Systems owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for CAAS stock as of 2017 is $717.36M. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: This item on the balance sheet implies the firm's, in this case China Automotive Systems's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for CAAS stock stand at $411.24M.

China Automotive Systems Balance Sheet - Key Ratios

Current ratio
1.45
Debt to equity ratio
0.23
Asset turnover ratio
0.74
Receivables turnover
1.71
Price to book ratio
0.4