Cango

Cango Debt

The Debt of Cango (CANG) as of Nov 8, 2026 is 846.76 M CNY. In the previous year, Debt was 277.74 M CNY — a change of 204.88% (higher).

Debt

846.76 MCNY

YoY

204.88%

Last updated:

In 2024, Cango's total debt was 846.76 M CNY, a 204.88% change from the 277.74 M CNY total debt recorded in the previous year.

The Cango Debt history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Debt
Date
Debt
Jan 1, 2017
1.19 B CNY
Jan 1, 2018
10.84 B CNY
Jan 1, 2019
17.65 B CNY
Jan 1, 2020
17.36 B CNY
Jan 1, 2021
14.42 B CNY
Jan 1, 2022
7.55 B CNY
Jan 1, 2023
277.74 M CNY
Jan 1, 2024
846.76 M CNY
The Cango Debt history
YEARDebtYoY
846.76 MCNY+204.88%
277.74 MCNY-96.32%
7.55 BCNY-47.65%
14.42 BCNY-16.94%
17.36 BCNY-1.65%
17.65 BCNY+62.81%
10.84 BCNY+814.29%
1.19 BCNY-7.89%
1.29 BCNY—

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Cango Stock analysis

What does Cango do? Cango, Inc. generates revenue through its automotive transaction service platform that connects dealers, financial institutions, and car buyers. The company offers automotive financing facilitation, transaction facilitation, and after-market services facilitation, including credit origination, assessment, servicing, and delinquent asset management. Additional services include car sourcing, logistics, warehousing support for dealers, and facilitation of car purchases for buyers. The company also facilitates after-market services such as insurance policy sales, providing personal accident insurances and automotive insurances through its platform. Cango's primary customers are dealers, financial institutions, and car buyers who use its integrated solutions for automotive financing transactions and vehicle purchases. Dealers benefit from car sourcing, logistics, and warehousing support, while financial institutions utilize credit assessment and servicing services. Car buyers access financing options and insurance products via the platform, with insurance policies sourced from brokers or companies. The company's revenue streams include fees for facilitating automotive transactions, financing services, and after-market insurance sales. Dealers pay for sourcing and logistics support, financial institutions pay for credit assessment and servicing, and car buyers purchase insurance products directly through the platform. These services are delivered through Cango's integrated platform that supports the full lifecycle of automotive financing transactions. Cango is one of the most popular companies on Eulerpool.

Debt Details

Understanding Cango's Debt Structure

Cango's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.

Year-to-Year Comparison

Analyzing Cango's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.

Impact on Investments

Investors pay close attention to Cango’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.

Interpreting Debt Fluctuations

Shifts in Cango’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.

Frequently Asked Questions about Cango stock

Debt of Cango is 846.76 M CNY in 2024.

Debt of Cango changed from 277.74 M CNY to 846.76 M CNY, representing a 204.88% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Debt Cango since 2006 – with annual values, charts, and detailed analysis.

Debt's CNY is a key factor for investors. Changes in this metric can signal improving or deteriorating fundamentals, directly impacting the stock price. On Eulerpool, you can track Debt's Cango historically and in real time.

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Balance Sheet — Cango

All Key Metrics — Cango