In the wake of the increase in Current Liabilities in the fourth quarter 2019, Quick Ratio fell to 0.04 below Sorl Auto Parts Inc average.

Within Auto & Truck Parts industry 40 other companies have achieved higher Quick Ratio than Sorl Auto Parts Inc in fourth quarter 2019. While Quick Ratio total ranking in the fourth quarter 2019 has deteriorated compared to the prior quarter from 4581 to 4582.

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SORL Quick Ratio	(Dec 31 2019) Q4	(Sep 30 2019) Q3	(Jun 30 2019) Q2	(Mar 31 2019) Q1	(Dec 31 2018) Q4
Y / Y Current Liabilities Change	8.49 %	-0.26 %	6.47 %	-2.65 %	48.79 %
Y / Y Cash & cash equivalent Change	-68.19 %	21.72 %	-37.26 %	-41.71 %	1643 %
Quick Ratio MRQ	0.04	0.05	0.03	0.02	0.14
SORL's Total Ranking	# 4582	# 4581	# 4671	# 3618	# 4170
Seq. Current Liabilities Change	18.45 %	-13.01 %	-2.21 %	7.67 %	8.9 %
Seq. Cash & cash equivalent Change	9.21 %	39.31 %	16.37 %	-82.03 %	317.89 %

Quick Ratio fourth quarter 2019 Company Ranking
Within:	No.
Auto & Truck Parts Industry	# 41
Consumer Discretionary Sector	# 173
Overall Market	# 4582

Quick Ratio Statistics
High	Average	Low
1.38	0.44	0.01
(Mar 31 2013)		(Dec 31 2017)

Financial Statements
Sorl Auto Parts Inc 's Current Liabilities	$ 556 Millions	Visit SORL's Balance sheet
Sorl Auto Parts Inc 's Cash & cash equivalent	$ 23 Millions	Visit SORL's Balance sheet
Source of SORL's Sales		Visit SORL's Sales by Geography

Cumulative Sorl Auto Parts Inc 's Quick Ratio

SORL's Quick Ratio for the trailling 12 Months

SORL Quick Ratio	(Dec 31 2019) 12 Months	(Sep 30 2019) 12 Months	(Jun 30 2019) 12 Months	(Mar 31 2019) 12 Months	(Dec 31 2018) 12 Months
Y / Y Current Liabilities TTM Growth	2.92 %	9.78 %	26.86 %	54.78 %	126.31 %
Y / Y Cash & cash equivalent TTM Growth	-46.93 %	79.07 %	102.77 %	203.76 %	343.29 %
Quick Ratio TTM	0.03	0.06	0.06	0.06	0.07
Total Ranking TTM	# 5191	# 4651	# 5190	# 5187	# 5185
Seq. Current Liabilities TTM Growth	2.1 %	-0.06 %	1.61 %	-0.73 %	8.9 %
Seq. Cash & cash equivalent TTM Growth	-40.59 %	3.19 %	-7.09 %	-6.84 %	100.47 %

Quick ratio ranking by company, industry and sector >> Back to SORL Financial Strength Comparisons >> Go to Compare SORL Quick Ratio to its Competitors

On the trailing twelve months basis Due to increase in Current Liabilities in the Q4 2019 to $556.31 millions, cumulative Quick Ratio decreased to 0.03 below the Sorl Auto Parts Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Auto & Truck Parts industry 57 other companies have achieved higher Quick Ratio than Sorl Auto Parts Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2019 from 4651 to 5191.

Explain Quick Ratio?
How much Cash & cash equivalents SORL�s has?
What are SORL�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Auto & Truck Parts Industry	# 58
Consumer Discretionary Sector	# 198
Within the Market	# 5191

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.96	0.39	0.03
(Dec 31 2015)		(Mar 31 2018)

Companies with similar Quick Ratio in the quarter ending Dec 31 2019, within Auto & Truck Parts Industry	Quick Ratio	Dec 31 2019 MRQ Cash & cash equivalent	Dec 31 2019 MRQ Current Liabilities
Meritor Inc.	0.11	$ 108.000 Millions	$ 999.000 Millions
Modine Manufacturing Co	0.09	$ 41.700 Millions	$ 443.600 Millions
Quanergy Systems Inc	0.09	$ 0.300 Millions	$ 3.197 Millions
Horizon Global Corp	0.09	$ 11.770 Millions	$ 131.610 Millions
Briggs and Stratton Corporation	0.08	$ 42.230 Millions	$ 557.301 Millions
Regi U S Inc	0.07	$ 0.105 Millions	$ 1.451 Millions
Magna International Inc	0.07	$ 553.000 Millions	$ 8,206.000 Millions
Romeo Power Inc.	0.06	$ 0.429 Millions	$ 7.296 Millions
Cummins Inc	0.05	$ 341.000 Millions	$ 6,337.000 Millions
Motorcar Parts Of America Inc	0.05	$ 13.184 Millions	$ 279.354 Millions
Unique Fabricating Inc	0.04	$ 0.650 Millions	$ 15.375 Millions
Sorl Auto Parts Inc	0.04	$ 23.408 Millions	$ 556.311 Millions
Standard Motor Products Inc	0.03	$ 10.372 Millions	$ 299.990 Millions
Aeye Inc	0.03	$ 0.025 Millions	$ 0.938 Millions
Acacia Diversified Holdings Inc	0.02	$ 0.034 Millions	$ 1.612 Millions
Puradyn Filter Technologies Inc	0.02	$ 0.078 Millions	$ 3.860 Millions
Union Bridge Holdings Limited	0.02	$ 0.022 Millions	$ 1.483 Millions
Omnitek Engineering Corp	0.01	$ 0.023 Millions	$ 1.531 Millions
Amanasu Techno Holdings Corporation	0.01	$ 0.008 Millions	$ 0.671 Millions
Worksport Ltd	0.01	$ 0.012 Millions	$ 1.274 Millions

Date modified: 2026-09-08T15:09:58+00:00

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