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

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$4.94 $0.34 (7.39%) SORL stock closing price Jul 13, 2018 (Closing)

The Sorl Auto Parts balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Sorl Auto Parts stock analysis. Annual results announcements include the release of all three financial statements, of which the balance sheet is one. Sorl Auto Parts had a long term debt of $37.38M at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at Sorl Auto Parts operating cash flow and Sorl Auto Parts revenue also. Sorl Auto Parts debt to equity ratio is 0.84.

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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Most investors just check the Sorl Auto Parts stock price, and Sorl Auto Parts historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Sorl Auto Parts PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • 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
1.18
Debt to equity ratio
0.84
Asset turnover ratio
0.62
Receivables turnover
2.4
Price to book ratio
0.46