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

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$4.38 $0.03 (0.69%) SORL stock closing price Sep 21, 2018 (Closing)

A thorough fundamental analysis involves using data from Sorl Auto Parts balance sheet, apart from other financial statements, to value the business. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Sorl Auto Parts stock analysis. A company releases its balance sheet every year along with its annual results. Apart from analyzing Sorl Auto Parts revenue Sorl Auto Parts operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Sorl Auto Parts balance sheet for 2017 shows cash on hand of $4.59M. The company has a debt to equity ratio of 0.99.

View latest 10 year balance sheet data to check Sorl Auto Parts financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash4.59M13.53M31.01M14M28.24M41.25M17.11M6.69M10.25M7.79M
Marketable Securities--61M34.83M------
Receivables206.7M102.12M71.82M68.17M57.91M62.15M65.34M54.16M44.54M35.79M
Inventory114.3M65.77M73.66M84.18M76.36M56.77M56.37M31.96M18.76M19.1M
Raw Materials27.65M20.12M13.03M11.93M12.38M9.11M----
Work In Progress40.8M14.84M28.78M30.02M31.54M20.55M----
Finished Goods45.83M30.81M31.83M42.4M32.46M27.1M----
Notes Receivable116.04M42.69M22.87M17.62M20.18M10.09M17.98M27.31M13.08M7.53M
Other Current Assets14.38M15.13M7.59M8.09M8.15M9.29M8.04M11.13M8M5.45M
Total Current Assets
456.02M239.26M267.97M226.92M190.86M179.57M164.86M131.26M94.64M75.69M
Property Plant & Equipment147.92M109.5M93.34M96.07M89.38M84.31M83.49M68.35M35.81M32.92M
Accumulated Depreciation68.1M55.76M55.78M52.52M44.17M37.35M30.9M23.03M11.6M8.95M
Net Property Plant & Equipment
79.82M53.73M37.56M43.55M45.46M47.29M52.58M45.31M24.2M23.97M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges4.24M---------
Intangibles14.91M8.32M13.25M14.45M14.45M14.8M15.19M14.39M14.3M14.63M
Deposits & Other Assets27.3M-1.75M1.96M2.18M1.87M1.88M---
Total Assets
582.31M301.32M320.55M286.9M252.98M243.56M234.52M191.37M133.37M114.5M
Notes Payable125.38M27.41M23.36M9.53M4.52M14.59M22.03M16.73M--
Accounts Payable118.05M65.67M35.29M13.86M13.29M14.32M10.77M10.67M9.72M4.62M
Current Portion Long-Term Debt----------
Current Portion Capital Leases24.26M-3.51M3.73M3.63M10.45M2.3M---
Accrued Expenses25.15M20.1M13.87M13.56M10.06M8.5M8.8M6.77M4.2M2.38M
Income Taxes Payable3.24M--1.1M---1.17M--
Other Current Liabilities48.53M24.74M22.07M21.17M14.18M6.91M5.54M8.04M4.25M6.75M
Total Current Liabilities
344.64M138.93M98.12M62.98M46.2M54.79M49.74M43.4M18.73M14.1M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt37.38M---------
Non-Current Capital Leases---3.73M7.27M-10.46M---
Other Long-Term Liabilities----------
Total Liabilities
382.02M138.93M98.12M66.71M53.47M55.08M60.44M43.57M18.85M24.22M
Minority Interest---------10M
Preferred Stock----------
Common Stock Net----------
Capital Surplus-28.58M-28.58M42.19M42.19M42.19M42.19M42.19M42.19M37.49M37.49M
Retained Earnings185.8M161.48M142.26M128.95M115.15M105.79M92.98M76.31M54.65M41.9M
Treasury Stock----------
Other Liabilities43.02M29.45M37.92M48.99M42.11M40.44M38.85M29.24M22.33M10.84M
Shareholders Equity200.29M162.39M222.42M220.18M199.5M188.47M174.08M147.8M114.52M90.28M
Total Liabilities & Shareholders Equity582.31M301.32M320.55M286.9M252.98M243.56M234.52M191.37M133.37M114.5M
All figures in USD. M: Millions of USD, B: Billions of USD.
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The latest Sorl Auto Parts stock price, and Sorl Auto Parts historical stock prices show the stock price movement over time, and the Sorl Auto Parts PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:

  • Assets: SORL total assets, which was at $582.31M for 2017 is a balance sheet item representing value of what Sorl Auto Parts owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Sorl Auto Parts is $382.02M. Shareholders' equity comes under liabilities as it is money the company owes the holders of SORL stock.

Sorl Auto Parts Balance Sheet - Key Ratios

Current ratio
1.17
Debt to equity ratio
0.99
Asset turnover ratio
0.66
Receivables turnover
2.33
Price to book ratio
0.42