Cango Balance Sheet Health

Financial Health criteria checks 5/6

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
CashCN¥1.66b
EquityCN¥3.82b
Total liabilitiesCN¥831.63m
Total assetsCN¥4.65b

Recent financial health updates

No updates

Recent updates

Facing Winter At Home, Cango Looks Overseas

Mar 14

Further Upside For Cango Inc. (NYSE:CANG) Shares Could Introduce Price Risks After 30% Bounce

Feb 21
Further Upside For Cango Inc. (NYSE:CANG) Shares Could Introduce Price Risks After 30% Bounce

Cango Shifts Gears With Merger Of Platforms, Focus On Inventory Risk Control

Dec 01

Cango Zooms In Second Quarter, But Sees Bumpy Road Ahead

Aug 31

Cango Drives Back To Profits As New Business Model Gains Traction

Jun 13

Cango declares $0.50 special dividend

Oct 11

Cango Adds Used Cars, New Core App As Business Hits Second Quarter Speed Bump

Sep 08

Cango Non-GAAP EPS of RMB3.89, revenue of RMB289.2M

Aug 29

Macro Headwinds Accelerate Cango's Drive To Car Trading From Auto Finance

Jun 22

Investors Could Be Concerned With Cango's (NYSE:CANG) Returns On Capital

Apr 28
Investors Could Be Concerned With Cango's (NYSE:CANG) Returns On Capital

Cango Shifts Gears Into Macro Headwinds, With Eye On NEVs And Car Services

Mar 18

Cango Inc. (NYSE:CANG) Analysts Just Slashed This Year's Estimates

Mar 15
Cango Inc. (NYSE:CANG) Analysts Just Slashed This Year's Estimates

Is Cango Inc. (NYSE:CANG) Potentially Undervalued?

Mar 09
Is Cango Inc. (NYSE:CANG) Potentially Undervalued?

Cango (NYSE:CANG) Is Reinvesting At Lower Rates Of Return

Dec 24
Cango (NYSE:CANG) Is Reinvesting At Lower Rates Of Return

Recovery Signals Surface, But In Short Supply, For Cango Stuck In Global Auto Storm

Dec 06

Is Now An Opportune Moment To Examine Cango Inc. (NYSE:CANG)?

Nov 17
Is Now An Opportune Moment To Examine Cango Inc. (NYSE:CANG)?

Cango's Recent Moves Show Its Business Resilience

Sep 03

Cango: An Undervalued Lender In A Booming Market

Aug 24

What Is Cango Inc.'s (NYSE:CANG) Share Price Doing?

Jul 28
What Is Cango Inc.'s (NYSE:CANG) Share Price Doing?

Cango: A Massively Undervalued Chinese Fintech Play

Jul 25

What Is Cango Inc.'s (NYSE:CANG) Share Price Doing?

Feb 19
What Is Cango Inc.'s (NYSE:CANG) Share Price Doing?

Cango reports Q3 results

Nov 23

Financial Position Analysis

Short Term Liabilities: CANG's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥777.7M).

Long Term Liabilities: CANG's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥53.9M).


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 30.4% to 1.1% over the past 5 years.

Debt Coverage: CANG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CANG earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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