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

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$5.11 $0.1 (1.92%) SORL stock closing price Aug 21, 2017 (Closing)

The fundamental analysis of this company requires a thorough look at Sorl Auto Parts balance sheet. As in our Sorl Auto Parts stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Sorl Auto Parts balance sheet as at the end of 2017-Q2 indicates an asset turnover ratio of 0.94M and debt to equity ratio of 0.29M. Whereas, Sorl Auto Parts revenue was $90.21M and Sorl Auto Parts operating cash flow was $-3.25M for the same period. View Sorl Auto Parts quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Annual
Quarterly
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Fiscal year is Jan - Dec.2017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q1
Cash8.25M17.05M13.53M12.42M8.69M7.17M31.01M5.74M11.62M4.72M
Marketable Securities----3.31M58.52M61M87.02M58.69M44.84M
Receivables121.2M104.84M102.12M84.49M84.07M89.95M71.82M66.15M76.56M72.78M
Inventory84.01M71.74M65.77M63.87M58.39M68.15M73.66M68.08M73.35M79.94M
Raw Materials21.83M16.22M20.12M11.86M6.33M9.07M13.03M6.29M7.16M8.25M
Work In Progress13.13M14.58M14.84M24.94M26.27M26.06M28.78M30.83M29.82M29.86M
Finished Goods49.05M40.93M30.81M27.07M25.78M33.01M31.83M31.12M36.53M41.98M
Notes Receivable55.05M45.63M42.69M44.32M36.37M28.09M22.87M11.47M13.67M16.84M
Other Current Assets13.19M14.7M15.13M14.31M15.24M13.25M7.59M9.88M8.96M8.58M
Sorl Auto Parts Total Current Assets
281.7M253.98M239.26M219.44M206.1M265.16M267.97M248.36M242.87M227.72M
Property Plant & Equipment126.11M112.9M109.5M108.01M103.85M94.71M93.34M94.87M98.28M97.3M
Accumulated Depreciation61.21M58.02M55.76M55.93M54.47M57.66M55.78M55.63M56.12M54.11M
Sorl Auto Parts Net Property Plant & Equipment
64.9M54.88M53.73M52.08M49.38M37.05M37.56M39.23M42.15M43.18M
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges----------
Intangibles8.37M8.29M8.32M8.7M8.83M13.22M13.25M13.62M14.27M14.3M
Deposits & Other Assets16.53M10.44M-0.85M1.72M1.76M1.75M1.8M1.89M1.91M
Sorl Auto Parts Total Assets
371.5M327.61M301.32M281.08M266.04M317.21M320.55M303.02M301.19M287.14M
Notes Payable27.41M--4.52M14.59M22.03M16.73M--3.37M
Accounts Payable66.62M60.47M65.67M52.36M39.13M37.64M35.29M14.97M9.41M9.19M
Current Portion Long-Term Debt47.01M48.87M--25.3M17.44M23.36M22.04M18.13M12.64M
Current Portion Capital Leases---0.85M1.72M2.65M3.51M3.59M3.73M3.72M
Accrued Expenses18M17.68M20.1M16.68M16.16M11.96M13.87M11.84M12.73M11.54M
Income Taxes Payable1.47M1.26M0.99M1.12M1.44M--1.47M1.69M1.49M
Other Current Liabilities57.61M28.31M24.74M25.75M25.58M23.5M22.07M28.7M27.55M23.17M
Sorl Auto Parts Total Current Liabilities
190.7M156.61M138.93M121.92M109.37M93.2M98.12M82.63M73.28M61.77M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt----------
Non-Current Capital Leases-------0.89M1.86M2.79M
Other Long-Term Liabilities----------
Sorl Auto Parts Total Liabilities
190.7M156.61M138.93M121.92M109.37M93.2M98.12M83.53M75.15M64.56M
Minority Interest----------
Preferred Stock----------
Common Stock Net0.04M0.03M0.03M0.03M0.03M0.03M0.03M0.03M0.03M0.03M
Capital Surplus-28.58M-28.58M-28.58M-28.58M-28.58M42.19M42.19M42.19M42.19M42.19M
Retained Earnings174.33M168.4M161.48M153.17M149.93M142.69M142.26M136.31M134.26M132M
Treasury Stock----------
Other Liabilities35.02M31.13M29.45M34.53M35.28M39.07M37.92M40.94M49.54M48.33M
Sorl Auto Parts Shareholders Equity
180.8M170.99M162.39M159.16M156.67M224M222.42M219.49M226.04M222.57M
Sorl Auto Parts Total Liabilities & Shareholders Equity
371.5M327.61M301.32M281.08M266.04M317.21M320.55M303.02M301.19M287.14M
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 $371.5M.
  • 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 $190.7M.
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Sorl Auto Parts Balance Sheet - Key Ratios

Current ratio
1.62
Debt to Equity ratio
0.29
Asset Turnover
ratio
0.94
receivables turnover
ratio
3.14
PB ratio (
price to book ratio
)
0.5940