Cango Balance Sheet Health
Financial Health criteria checks 6/6
Cango has a total shareholder equity of CN¥3.8B and total debt of CN¥40.7M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are CN¥4.6B and CN¥831.6M respectively. Cango's EBIT is CN¥100.5M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥1.7B.
Key information
1.1%
Debt to equity ratio
CN¥40.71m
Debt
Interest coverage ratio | -1.3x |
Cash | CN¥1.66b |
Equity | CN¥3.82b |
Total liabilities | CN¥831.63m |
Total assets | CN¥4.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9C0A's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥777.7M).
Long Term Liabilities: 9C0A's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥53.9M).
Debt to Equity History and Analysis
Debt Level: 9C0A has more cash than its total debt.
Reducing Debt: 9C0A's debt to equity ratio has reduced from 30.4% to 1.1% over the past 5 years.
Debt Coverage: 9C0A's debt is well covered by operating cash flow (2520.3%).
Interest Coverage: 9C0A earns more interest than it pays, so coverage of interest payments is not a concern.