Cango Balance Sheet Health
Financial Health criteria checks 6/6
Cango has a total shareholder equity of CN¥4.0B and total debt of CN¥1.1M, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are CN¥4.5B and CN¥555.7M respectively. Cango's EBIT is CN¥117.3M making its interest coverage ratio -1.2. It has cash and short-term investments of CN¥3.8B.
Key information
0.03%
Debt to equity ratio
CN¥1.12m
Debt
| Interest coverage ratio | -1.2x |
| Cash | CN¥3.77b |
| Equity | CN¥3.97b |
| Total liabilities | CN¥555.75m |
| Total assets | CN¥4.53b |
Recent financial health updates
No updates
Recent updates
Cango Inc.'s (NYSE:CANG) Shares Climb 37% But Its Business Is Yet to Catch Up
Oct 29
Some Investors May Be Worried About Cango's (NYSE:CANG) Returns On Capital
May 01Facing Winter At Home, Cango Looks Overseas
Mar 14Further Upside For Cango Inc. (NYSE:CANG) Shares Could Introduce Price Risks After 30% Bounce
Feb 21Cango Shifts Gears With Merger Of Platforms, Focus On Inventory Risk Control
Dec 01Cango Zooms In Second Quarter, But Sees Bumpy Road Ahead
Aug 31Cango Drives Back To Profits As New Business Model Gains Traction
Jun 13Cango declares $0.50 special dividend
Oct 11Cango Adds Used Cars, New Core App As Business Hits Second Quarter Speed Bump
Sep 08Cango Non-GAAP EPS of RMB3.89, revenue of RMB289.2M
Aug 29Macro Headwinds Accelerate Cango's Drive To Car Trading From Auto Finance
Jun 22Investors Could Be Concerned With Cango's (NYSE:CANG) Returns On Capital
Apr 28Cango Shifts Gears Into Macro Headwinds, With Eye On NEVs And Car Services
Mar 18Cango Inc. (NYSE:CANG) Analysts Just Slashed This Year's Estimates
Mar 15Is Cango Inc. (NYSE:CANG) Potentially Undervalued?
Mar 09Cango (NYSE:CANG) Is Reinvesting At Lower Rates Of Return
Dec 24Recovery Signals Surface, But In Short Supply, For Cango Stuck In Global Auto Storm
Dec 06Is Now An Opportune Moment To Examine Cango Inc. (NYSE:CANG)?
Nov 17Cango's Recent Moves Show Its Business Resilience
Sep 03Cango: An Undervalued Lender In A Booming Market
Aug 24What Is Cango Inc.'s (NYSE:CANG) Share Price Doing?
Jul 28Cango: A Massively Undervalued Chinese Fintech Play
Jul 25Financial Position Analysis
Short Term Liabilities: CANG's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥505.0M).
Long Term Liabilities: CANG's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥50.7M).
Debt to Equity History and Analysis
Debt Level: CANG has more cash than its total debt.
Reducing Debt: CANG's debt to equity ratio has reduced from 38.7% to 0.03% over the past 5 years.
Debt Coverage: CANG's debt is well covered by operating cash flow (91649.1%).
Interest Coverage: CANG earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/31 23:50 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Cango Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tian Lu | Goldman Sachs |
| Eddy Wang | Morgan Stanley |
| Brian Lantier | Zacks Small-Cap Research |