Cango Historical Balance Sheet

CANG Stock  USD 5.32  0.14  2.70%   
Trend analysis of Cango Inc balance sheet accounts such as Total Assets of 7.3 B, Short and Long Term Debt Total of 161.1 M or Other Current Liab of 782.3 M provides information on Cango's total assets, liabilities, and equity, which is the actual value of Cango Inc to its prevalent stockholders. By breaking down trends over time using Cango balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Cango Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cango Inc is a good buy for the upcoming year.

Cango Inventory

2.03 Billion

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Cango Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Cango Inc at a specified time, usually calculated after every quarter, six months, or one year. Cango Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cango and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Cango currently owns. An asset can also be divided into two categories, current and non-current.

Cango Balance Sheet Chart

At this time, Cango's Property Plant And Equipment Net is most likely to increase significantly in the upcoming years. The Cango's current Non Currrent Assets Other is estimated to increase to about 1.2 B, while Other Current Liabilities is projected to decrease to roughly 782.3 M.

Total Assets

Total assets refers to the total amount of Cango assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cango Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Cango balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Cango Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most accounts from Cango's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Cango Inc current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Cango's Property Plant And Equipment Net is most likely to increase significantly in the upcoming years. The Cango's current Non Currrent Assets Other is estimated to increase to about 1.2 B, while Other Current Liabilities is projected to decrease to roughly 782.3 M.
 2022 2023 2024 2025 (projected)
Short and Long Term Debt Total1.1B90.5M169.5M161.1M
Total Assets7.0B4.6B6.0B7.3B

Cango balance sheet Correlations

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0.50.570.140.30.390.38-0.160.080.520.52-0.180.170.410.130.460.850.610.530.20.310.770.06-0.070.18-0.27
0.970.690.780.91.00.380.30.53-0.030.980.310.80.910.810.950.410.940.890.97-0.390.760.84-0.930.960.53
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0.950.80.730.930.920.410.910.310.390.050.93-0.010.830.840.970.520.930.920.84-0.20.720.75-0.790.840.33
0.810.770.480.810.830.130.810.120.36-0.060.770.340.890.840.820.340.730.770.78-0.160.40.81-0.790.790.4
0.990.80.70.920.960.460.950.220.460.080.980.10.810.970.820.560.960.950.85-0.210.780.75-0.820.860.32
0.550.790.10.390.430.850.41-0.390.110.50.57-0.150.410.520.340.560.640.620.220.530.640.24-0.070.16-0.5
0.980.760.710.870.950.610.940.240.470.10.980.120.750.930.730.960.640.930.84-0.220.880.74-0.780.840.31
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0.840.630.720.750.770.770.760.160.560.40.850.010.350.720.40.780.640.880.860.64-0.110.41-0.560.640.2
0.740.480.570.660.830.060.840.340.29-0.40.750.390.890.750.810.750.240.740.620.87-0.480.41-0.860.860.51
-0.84-0.46-0.78-0.83-0.93-0.07-0.93-0.46-0.510.25-0.84-0.42-0.74-0.79-0.79-0.82-0.07-0.78-0.73-0.970.63-0.56-0.86-0.99-0.77
0.890.50.790.850.950.180.960.490.48-0.210.880.330.750.840.790.860.160.840.780.97-0.610.640.86-0.990.73
0.38-0.120.580.420.51-0.270.530.720.3-0.450.360.370.280.330.40.32-0.50.310.240.67-0.880.20.51-0.770.73
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Cango Account Relationship Matchups

Cango balance sheet Accounts

202020212022202320242025 (projected)
Total Assets12.1B10.9B7.0B4.6B6.0B7.3B
Short Long Term Debt Total2.6B2.0B1.1B90.5M169.5M161.1M
Other Current Liab780.5M1.4B1.3B385.2M1.4B782.3M
Total Current Liabilities2.5B3.4B2.5B777.7M1.8B2.0B
Total Stockholder Equity8.4B7.0B4.3B3.8B4.1B3.9B
Other Liab34.1M335.6M52.5M11.0M12.7M12.1M
Net Tangible Assets5.3B8.2B6.8B4.1B4.7B3.6B
Property Plant And Equipment Net10.3M19.5M95.4M55.4M1.8B1.9B
Current Deferred Revenue136.9M403.7M568.3M138.3M31.6M30.0M
Net Debt1.1B569.4M697.8M(930.1M)(1.1B)(1.1B)
Retained Earnings4.0B3.0B9.1M(335.6M)(35.8M)(34.0M)
Accounts Payable5.1M4.0M25.0M23.8M2.2M2.0M
Cash1.4B1.4B378.9M1.0B1.3B1.0B
Non Current Assets Total3.2B3.3B1.5B764.6M2.5B2.3B
Non Currrent Assets Other1.1B1.1B1.2B660.8M644.0M1.2B
Other Assets2.4B3.0B3.1B1.3B1.4B2.0B
Long Term Debt977.8M486.4M75.9M712.0K640.8K608.8K
Cash And Short Term Investments5.8B4.0B2.3B1.7B2.5B2.8B
Net Receivables2.5B2.5B1.6B465.4M684.9M1.4B
Common Stock Shares Outstanding152.0M144.9M137.0M121.5M116.5M112.0M
Short Term Investments4.3B2.6B1.9B635.1M1.2B1.4B
Liabilities And Stockholders Equity12.1B10.9B7.0B4.6B6.0B7.3B
Non Current Liabilities Total1.3B538.8M163.4M53.9M47.8M45.4M
Inventory971.0M9.7M61.3M1.7B1.9B2.0B
Other Current Assets583.3M1.2B1.6B1.8B252.4M239.7M
Other Stockholder Equity4.5B4.2B4.2B4.0B4.0B3.7B
Total Liab3.8B4.0B2.7B831.6M1.9B2.4B
Property Plant And Equipment Gross10.3M19.5M95.4M84.1M1.8B1.9B
Short Long Term Debt1.6B1.5B914.4M40.0M124.6M118.4M
Total Current Assets8.9B7.6B5.5B3.9B3.5B5.0B
Accumulated Other Comprehensive Income(115.4M)(187.5M)66.4M111.8M152.9M160.5M
Non Current Liabilities Other4.9M991.6K314.3K226.0K19.1K18.2K
Short Term Debt1.6B1.5B924.4M47.6M132.5M125.9M
Intangible Assets44.9M45.9M48.3M48.4M47.4M34.7M
Property Plant Equipment14.7M10.3M19.5M95.4M109.7M115.2M
Net Invested Capital10.9B9.0B5.3B3.9B4.2B6.3B

Currently Active Assets on Macroaxis

When determining whether Cango Inc is a strong investment it is important to analyze Cango's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cango's future performance. For an informed investment choice regarding Cango Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Automotive Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cango. If investors know Cango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cango listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.923
Earnings Share
(0.03)
Revenue Per Share
17.305
Quarterly Revenue Growth
15.359
Return On Assets
0.0163
The market value of Cango Inc is measured differently than its book value, which is the value of Cango that is recorded on the company's balance sheet. Investors also form their own opinion of Cango's value that differs from its market value or its book value, called intrinsic value, which is Cango's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cango's market value can be influenced by many factors that don't directly affect Cango's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cango's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cango is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cango's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.