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

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$8.3 $0.44 (5.03%) SORL stock closing price May 23, 2017 (Closing)

A thorough fundamental analysis involves using data from Sorl Auto Parts balance sheet, apart from other financial statements, to value the business. 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. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. The Sorl Auto Parts balance sheet for 2016 shows cash on hand of $13.53M. The cash has decreased by $17.48M. Sorl Auto Parts revenue was $272.12M and Sorl Auto Parts operating cash flow was $5.42M. 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. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash13.53M31.01M14M28.24M41.25M17.11M6.69M10.25M7.79M4.34M
Marketable Securities-61M34.83M-------
Receivables102.12M71.82M68.17M57.91M62.15M65.34M54.16M44.54M35.79M30.58M
Inventory65.77M73.66M84.18M76.36M56.77M56.37M31.96M18.76M19.1M8.22M
Raw Materials20.12M13.03M11.93M12.38M9.11M-----
Work In Progress14.84M28.78M30.02M31.54M20.55M-----
Finished Goods30.81M31.83M42.4M32.46M27.1M-----
Notes Receivable42.69M22.87M17.62M20.18M10.09M17.98M27.31M13.08M7.53M9.41M
Other Current Assets15.13M7.59M8.09M8.15M9.29M8.04M11.13M8M5.45M5.61M
Sorl Auto Parts Total Current Assets
239.26M267.97M226.92M190.86M179.57M164.86M131.26M94.64M75.69M58.16M
Property Plant & Equipment109.5M93.34M96.07M89.38M84.31M83.49M68.35M35.81M32.92M27.88M
Accumulated Depreciation55.76M55.78M52.52M44.17M37.35M30.9M23.03M11.6M8.95M6.09M
Sorl Auto Parts Net Property Plant & Equipment
53.73M37.56M43.55M45.46M47.29M52.58M45.31M24.2M23.97M21.79M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges------0.39M0.22M0.2M0.07M
Intangibles8.32M13.25M14.45M14.45M14.8M15.19M14.39M14.3M14.63M13.94M
Deposits & Other Assets-1.75M1.96M2.18M1.87M1.88M----
Sorl Auto Parts Total Assets
301.32M320.55M286.9M252.98M243.56M234.52M191.37M133.37M114.5M93.97M
Notes Payable27.41M--4.52M14.59M22.03M16.73M--3.37M
Accounts Payable65.67M35.29M13.86M13.29M14.32M10.77M10.67M9.72M4.62M5.3M
Current Portion Long-Term Debt-23.36M9.53M-------
Current Portion Capital Leases-3.51M3.73M3.63M10.45M2.3M----
Accrued Expenses20.1M13.87M13.56M10.06M8.5M8.8M6.77M4.2M2.38M1.86M
Income Taxes Payable0.99M-1.1M0.49M-0.27M1.17M0.55M0.34M0.37M
Other Current Liabilities24.74M22.07M21.17M14.18M6.91M5.54M8.04M4.25M6.75M2.54M
Sorl Auto Parts Total Current Liabilities
138.93M98.12M62.98M46.2M54.79M49.74M43.4M18.73M14.1M13.45M
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
138.93M98.12M66.71M53.47M55.08M60.44M43.57M18.85M24.22M21.47M
Minority Interest--------10M8.02M
Preferred Stock----------
Common Stock Net0.03M0.03M0.03M0.03M0.03M0.03M0.03M0.03M0.03M0.03M
Capital Surplus-28.58M42.19M42.19M42.19M42.19M42.19M42.19M37.49M37.49M37.49M
Retained Earnings161.48M142.26M128.95M115.15M105.79M92.98M76.31M54.65M41.9M29.53M
Treasury Stock----------
Other Liabilities29.45M37.92M48.99M42.11M40.44M38.85M29.24M22.33M10.84M5.43M
Sorl Auto Parts Shareholders Equity
162.39M222.42M220.18M199.5M188.47M174.08M147.8M114.52M90.28M72.49M
Sorl Auto Parts Total Liabilities & Shareholders Equity
301.32M320.55M286.9M252.98M243.56M234.52M191.37M133.37M114.5M93.97M
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: 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 $301.32M.
  • Liabilities: The total liabilities of Sorl Auto Parts for 2016 total to $138.93M. Liabilities for a company like Sorl Auto Parts include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.
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Sorl Auto Parts Balance Sheet - Key Ratios

Current ratio
1.72
Debt to Equity ratio
0.17
Asset Turnover
ratio
1.14
receivables turnover
ratio
3.15
PB ratio (
price to book ratio
)
0.9180