China Automotive Systems, Inc. (CAAS) Balance Sheet
CAAS balance sheet, 2025
December 31, 2025 · U.S. dollars$1.00B assets = $551.0M liabilities + $450.7M equity
Both columns are drawn to the same scale: what CAAS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CAAS financial health
Descriptive bands, not a rating. Fiscal 2025.
CAAS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $631.7M2016 | $1.00B2025 | +5.3%/yr | |
| Total liabilities | $325.8M2016 | $551.0M2025 | +6.0%/yr | |
| Shareholders’ equity | $300.5M2016 | $401.3M2025 | +3.3%/yr | |
| Cash & short-term investments | $61.6M2016 | $177.9M2025 | +12.5%/yr | |
| Total debt | $120.4M2016 | $209.4M2025 | +6.3%/yr | |
| Net cash (debt) | −$58.8M2016 | −$31.4M2025 | +$27.4M | |
| Working capital | $161.0M2016 | $196.7M2025 | +$35.7M | |
| Book value per share | $9.402016 | $13.302025 | +3.9%/yr | |
| Current ratio | 1.502016 | 1.362025 | −0.13 | |
| Debt / equity | 0.402016 | 0.522025 | +0.12 | |
| Shares outstanding | 32.0M2016 | 30.2M2025 | −0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CAAS assets
CAAS liabilities and equity
CAAS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CAAS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $177.9M | $84.5M | $125.7M | $134.1M | $133.5M | $107.4M | $82.5M | $103.9M | $94.1M | $61.6M |
| Cash & equivalents | $142.0M | $57.0M | $114.7M | $121.2M | $131.7M | $97.2M | $76.7M | $86.3M | $64.6M | $31.1M |
| Short-term investments | $35.9M | $27.6M | $11.1M | $12.9M | $1.8M | $10.1M | $5.8M | $17.5M | $29.6M | $30.5M |
| Receivables | $363.9M | $345.7M | $269.4M | $224.3M | $210.3M | $234.1M | $233.0M | $256.3M | $294.1M | $306.7M |
| Inventory | $124.4M | $112.6M | $112.4M | $112.2M | $116.5M | $88.3M | $82.9M | $88.0M | $79.2M | $68.0M |
| Other current assets | $71.9M | $59.9M | $56.5M | $50.1M | $41.1M | $45.8M | $42.7M | $47.2M | $65.2M | $49.6M |
| Total current assets | $738.2M | $602.6M | $564.1M | $520.7M | $501.4M | $475.7M | $441.2M | $495.4M | $532.6M | $485.9M |
| Property, plant & equipment (net) | $138.7M | $103.9M | $111.0M | $115.3M | $131.0M | $148.2M | $149.3M | $144.7M | $77.8M | $73.5M |
| Goodwill & intangible assets | $15.3M | $3.4M | $13.1M | $10.8M | $12.5M | $12.5M | $11.7M | $605,000 | $63.8M | $48.1M |
| Long-term investments | $92.0M | $104.4M | $68.8M | $59.8M | $37.0M | $49.8M | $48.4M | $32.6M | $44.7M | $38.2M |
| Other non-current assets | $17.5M | $36.2M | $9.5M | $7.7M | $34.9M | $21.5M | $9.4M | $17.1M | $0 | $0 |
| Total assets | $1.00B | $850.6M | $766.4M | $714.4M | $716.8M | $707.6M | $660.0M | $690.5M | $717.4M | $631.7M |
| Liabilities | ||||||||||
| Accounts payable | $228.0M | $197.0M | $160.6M | $150.6M | $146.1M | $225.3M | $116.7M | $129.1M | $156.4M | $144.9M |
| Short-term debt | $203.7M | $168.4M | $141.2M | $45.9M | $129.7M | $44.4M | $116.7M | $142.0M | $156.6M | $119.1M |
| Deferred revenue | $5.5M | $4.4M | $8.6M | $5.7M | $2.4M | $2.4M | $1.7M | $1.1M | $1.5M | $1.1M |
| Total current liabilities | $541.4M | $456.5M | $383.7M | $364.2M | $351.8M | $354.5M | $303.8M | $341.3M | $373.5M | $324.9M |
| Long-term debt | $5.7M | $145,000 | $1.2M | $528,000 | $0 | $1.1M | $4.9M | $291,000 | $306,000 | $608,000 |
| Lease obligations | $0 | $52,000 | $255,000 | $481,000 | $150,000 | $271,000 | $387,000 | — | — | — |
| Other long-term liabilities | $3.9M | $4.2M | $13.1M | $22.2M | $27.5M | $32.0M | $41.9M | $44.1M | $37.5M | $339,000 |
| Total liabilities | $551.0M | $460.8M | $398.0M | $386.9M | $379.3M | $387.6M | $350.6M | $385.7M | $411.2M | $325.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $32,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $64.4M | $64.8M |
| Retained earnings (deficit) | $331.5M | $290.3M | $284.8M | $247.2M | $226.4M | $215.5M | $221.2M | $211.4M | $209.5M | $229.0M |
| Treasury stock | — | — | — | — | — | −$5.3M | −$4.3M | −$3.0M | −$2.9M | −$2.9M |
| Accumulated other comprehensive income | $7.1M | −$2.6M | $3.6M | $8.4M | $36.2M | $28.7M | $7.8M | $13.0M | $28.5M | $9.7M |
| Minority interest | $49.4M | $40.2M | $24.0M | $15.8M | — | $16.2M | $20.2M | $18.9M | $6.7M | $5.4M |
| Total shareholders' equity | $401.3M | $349.6M | $344.5M | $311.7M | $321.0M | $319.9M | $289.2M | $285.9M | $299.4M | $300.5M |
| Key figures | ||||||||||
| Total debt | $209.4M | $168.5M | $142.5M | $46.7M | $129.7M | $45.5M | $124.1M | $61.2M | $156.9M | $120.4M |
| Net cash (debt) | −$31.4M | −$84.0M | −$16.8M | $87.4M | $3.7M | $61.9M | −$41.6M | $42.6M | −$62.7M | −$58.8M |
| Working capital | $196.7M | $146.2M | $180.3M | $156.5M | $149.6M | $121.2M | $137.4M | $154.1M | $159.1M | $161.0M |
| Tangible book value | $386.1M | $346.2M | $331.4M | $300.8M | $308.5M | $307.4M | $277.5M | $285.3M | $235.6M | $252.4M |
| Book value per share | $13.30 | $11.58 | $11.41 | $10.17 | $10.40 | $10.29 | $9.19 | $9.03 | $9.46 | $9.40 |
| Shares outstanding | 30.2M | 30.2M | 30.2M | 30.6M | 30.9M | 31.1M | 31.5M | 31.6M | 31.6M | 32.0M |
| Current ratio | 1.36 | 1.32 | 1.47 | 1.43 | 1.43 | 1.34 | 1.45 | 1.45 | 1.43 | 1.50 |
| Quick ratio | 1.00 | 0.94 | 1.03 | 0.98 | 0.98 | 0.96 | 1.04 | 1.06 | 1.04 | 1.13 |
| Debt / equity | 0.52 | 0.48 | 0.41 | 0.15 | 0.40 | 0.14 | 0.43 | 0.21 | 0.52 | 0.40 |
| Equity / assets | 40.1% | 41.1% | 44.9% | 43.6% | 44.8% | 45.2% | 43.8% | 41.4% | 41.7% | 47.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $98.4M | $98.4M | $177.9M | $139.4M | $178.7M | $65.2M | $84.5M | $98.3M | $107.1M | $112.6M | $125.7M | $108.2M |
| Cash & equivalents | $98.4M | $98.4M | $142.0M | $139.4M | $178.7M | $65.2M | $57.0M | $98.3M | $107.1M | $112.6M | $114.7M | $108.2M |
| Short-term investments | — | — | $35.9M | — | — | — | $27.6M | — | — | — | $11.1M | — |
| Receivables | $362.4M | $362.4M | $363.9M | $298.2M | $298.2M | $323.6M | $345.7M | $314.2M | $288.1M | $266.7M | $271.4M | $241.5M |
| Inventory | $139.7M | $139.7M | $124.4M | $117.5M | $117.5M | $122.4M | $112.6M | $108.9M | $107.4M | $109.1M | $112.4M | $103.2M |
| Other current assets | $206.1M | $206.1M | $71.9M | $127.5M | $88.2M | $85.6M | $59.9M | $68.8M | $67.4M | $82.1M | $54.5M | $56.0M |
| Total current assets | $806.6M | $806.6M | $738.2M | $682.7M | $682.7M | $596.8M | $602.6M | $590.1M | $570.1M | $570.4M | $564.1M | $509.0M |
| Property, plant & equipment (net) | $157.8M | $157.8M | $138.7M | $120.3M | $120.3M | $108.1M | $103.9M | $100.7M | $100.1M | $99.4M | $111.0M | $100.6M |
| Goodwill & intangible assets | $14.5M | $14.5M | $15.3M | $9.2M | $9.2M | $9.3M | $3.4M | $9.1M | $9.0M | $9.2M | $13.1M | $9.1M |
| Long-term investments | $61.5M | $0 | $92.0M | $62.4M | $61.9M | $63.5M | $104.4M | $60.2M | $57.4M | $59.3M | $68.8M | $60.9M |
| Other non-current assets | $36.7M | $98.2M | $17.5M | $64.6M | $65.1M | $67.7M | $36.2M | $68.8M | $48.4M | $32.4M | $9.5M | $28.6M |
| Total assets | $1.08B | $1.08B | $1.00B | $939.1M | $939.1M | $845.4M | $850.6M | $829.0M | $785.0M | $770.7M | $766.4M | $708.1M |
| Liabilities | ||||||||||||
| Accounts payable | $361.5M | $361.5M | $228.0M | $316.3M | $316.3M | $186.8M | $197.0M | $178.6M | $162.1M | $145.5M | $160.6M | $222.1M |
| Short-term debt | $75.0M | $75.0M | $203.7M | — | $81.2M | $162.5M | $168.4M | $153.0M | $138.5M | $137.9M | $141.2M | $38.6M |
| Deferred revenue | — | — | $5.5M | — | — | — | $4.4M | — | $44.8M | $44.8M | $8.6M | $47.6M |
| Total current liabilities | $556.8M | $556.8M | $541.4M | $509.3M | $509.3M | $442.0M | $456.5M | $433.5M | $380.0M | $363.7M | $383.7M | $342.7M |
| Long-term debt | $0 | $0 | $5.7M | $0 | $0 | $85,000 | $145,000 | $0 | $0 | $0 | $1.2M | $0 |
| Lease obligations | — | — | $0 | — | — | — | $52,000 | — | — | — | $255,000 | — |
| Other long-term liabilities | $23.2M | $23.2M | $3.9M | $4.0M | $4.0M | $4.1M | $4.2M | $6.3M | $6.2M | $14.1M | $13.1M | $16.2M |
| Total liabilities | $580.0M | $580.0M | $551.0M | $513.3M | $513.3M | $446.2M | $460.8M | $439.8M | $386.2M | $377.8M | $398.0M | $358.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $32,000 | $32,000 | $32,000 | — | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Retained earnings (deficit) | $374.6M | $374.6M | $331.5M | $313.2M | $313.2M | $295.9M | $290.3M | $281.3M | $299.9M | $292.8M | $284.8M | $285.8M |
| Accumulated other comprehensive income | $6.4M | $6.4M | $7.1M | — | $3.7M | −$255,000 | −$2.6M | $6.8M | $947,000 | $3.6M | $3.6M | −$13.2M |
| Minority interest | $53.3M | — | $49.4M | $47.0M | $44.5M | $41.6M | — | — | — | — | — | — |
| Total shareholders' equity | $443.8M | $443.8M | $401.3M | $378.8M | $378.8M | $357.5M | $349.6M | $350.1M | $362.9M | $358.4M | $344.5M | $328.6M |
| Key figures | ||||||||||||
| Total debt | $75.0M | $75.0M | $209.4M | — | $81.2M | $162.6M | $168.5M | $153.0M | $138.5M | $137.9M | $142.5M | $38.6M |
| Net cash (debt) | $23.4M | $23.4M | −$31.4M | — | $97.5M | −$97.3M | −$84.0M | −$54.7M | −$31.4M | −$25.4M | −$16.8M | $69.7M |
| Working capital | $249.8M | $249.8M | $196.7M | $173.4M | $173.4M | $154.7M | $146.2M | $156.6M | $190.0M | $206.7M | $180.3M | $166.3M |
| Tangible book value | $429.3M | $429.3M | $386.1M | $369.6M | $369.6M | $348.3M | $346.2M | $341.0M | $353.8M | $349.3M | $331.4M | $319.6M |
| Book value per share | $14.71 | $14.71 | $13.30 | $12.56 | $12.56 | $11.85 | $11.58 | $11.60 | $12.02 | $11.87 | $11.41 | $10.89 |
| Shares outstanding | 30.2M | 30.2M | 30.2M | 30.2M | 30.2M | 30.2M | 30.2M | 30.2M | 30.2M | 30.2M | 30.2M | 30.2M |
| Current ratio | 1.45 | 1.45 | 1.36 | 1.34 | 1.34 | 1.35 | 1.32 | 1.36 | 1.50 | 1.57 | 1.47 | 1.49 |
| Quick ratio | 0.83 | 0.83 | 1.00 | 0.86 | 0.94 | 0.88 | 0.94 | 0.95 | 1.04 | 1.04 | 1.03 | 1.02 |
| Debt / equity | 0.17 | 0.17 | 0.52 | — | 0.21 | 0.45 | 0.48 | 0.44 | 0.38 | 0.38 | 0.41 | 0.12 |
| Equity / assets | 41.2% | 41.2% | 40.1% | 40.3% | 40.3% | 42.3% | 41.1% | 42.2% | 46.2% | 46.5% | 44.9% | 46.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
CAAS financial position
At the end of fiscal 2025 (December 31, 2025), China Automotive Systems had total assets of $1.0 billion (up 17.8% from a year earlier), total liabilities of $551.0 million and shareholders' equity of $401.3 million. It held $177.9 million in cash and short-term investments against $209.4 million of debt, net debt of $31.4 million. Its current ratio was 1.36. In the latest quarter (ended June 30, 2026) total assets were $1.1 billion and equity $443.8 million.
Related: CAAS income statement, CAAS cash flow statement, CAAS key metrics. See the CAAS stock overview for the latest quote and news.
CAAS balance sheet FAQ
What are China Automotive Systems's total assets?
China Automotive Systems reported total assets of $1.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $850.6 million a year earlier.
How much debt does China Automotive Systems have?
China Automotive Systems had $209.4 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.52.
How much cash does China Automotive Systems have?
China Automotive Systems held $177.9 million in cash and short-term investments at the end of fiscal 2025; with $209.4 million of debt that is net debt of $31.4 million.
What is China Automotive Systems's book value?
China Automotive Systems's shareholders' equity (book value) was $401.3 million at the end of fiscal 2025, or $13.30 per share.
What is China Automotive Systems's current ratio?
China Automotive Systems had current assets of $738.2 million and current liabilities of $541.4 million, a current ratio of 1.36 (it can cover its short-term obligations).
How much goodwill does China Automotive Systems have?
China Automotive Systems carried $15.3 million of goodwill and intangible assets, 1.5% of total assets, at the end of fiscal 2025.