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Cango Balance Sheet 2025-2011 | CANG
Brief balance sheet overview of Cango
The review uses the five latest available annual reports between 2019 and 2024.
Across five reporting periods, assets decreased -31.7%, from 8.7 billion CNY to 6 billion CNY, producing a negative trend.
Assets outpaced liabilities, -31.7% versus -42%. Dependence on external funding declined.
Internal capital represents 68.5% of the balance sheet, previously 62.7%. This is a strong capital position.
The period ended with net cash: net debt stood at -1.2 billion CNY. This supports financial flexibility.
Cash represents 21.6% of assets versus 22.9% initially, showing how the immediate liquidity reserve changed.
The balance sheet carries negative retained earnings of -35.8 million CNY. The figure may result from accumulated losses or an active capital return policy.
Conclusion
Cango 's balance sheet looks resilient: assets are supported by substantial equity, while debt does not overwhelm financial flexibility.
Annual Balance Sheet Cango
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | -1.24 B | -1.01 B | -293 M | - | 1.14 B | 603 M | -1.31 B | -566 M | 251 M | - | - | - | - | - |
Long Term Debt |
- | 37 M | 712 K | 75.9 M | - | 978 M | 302 M | 473 M | 175 M | 190 M | - | - | - | - | - |
Long Term Debt Current |
- | 7.91 M | 7.6 M | 9.91 M | - | 1.23 B | 863 M | 467 M | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | 47.8 M | 53.9 M | 163 M | - | 1.31 B | 336 M | 480 M | 4.15 B | 4.16 B | - | - | - | - | - |
Total Current Liabilities |
- | 1.83 B | 778 M | 2.53 B | - | 2.46 B | 2.91 B | 1.57 B | - | - | - | - | - | - | - |
Total Liabilities |
- | 1.88 B | 832 M | 2.69 B | - | 3.77 B | 3.24 B | 2.05 B | 4.68 B | 4.45 B | - | - | - | - | - |
Deferred Revenue |
- | 10.5 M | 16.7 M | 143 M | - | - | 67.1 M | 40 M | 103 M | 1.1 M | - | - | - | - | - |
Retained Earnings |
- | -35.8 M | -336 M | 9.11 M | - | 3.96 B | 853 M | 698 M | -2.71 B | -3.75 B | - | - | - | - | - |
Total Assets |
- | 5.97 B | 4.65 B | 7.02 B | - | 12.1 B | 8.74 B | 7.3 B | 2 B | 715 M | - | - | - | - | - |
Cash and Cash Equivalents |
- | 1.29 B | 1.02 B | 379 M | - | 1.43 B | 2 B | 2.91 B | 803 M | 46 M | - | - | - | - | - |
Book Value |
- | 4.09 B | 3.82 B | 4.32 B | - | 8.38 B | 5.49 B | 5.26 B | -2.68 B | -3.73 B | - | - | - | - | - |
Total Shareholders Equity |
- | 4.09 B | 3.82 B | 4.32 B | 6.99 B | 8.38 B | 5.48 B | 5.25 B | -2.68 B | -3.73 B | - | - | - | - | - |
All numbers in CNY currency
Quarterly Balance Sheet Cango
| 2025-Q4 | 2025-Q2 | 2024-Q4 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | 37 M | 712 K | - | - | - | - | 486 M | - | - | - | 978 M | - | - | - | 302 M | - | - | - | 473 M | - | - | - | 175 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | 47.8 M | 53.9 M | - | - | - | - | 539 M | - | - | - | 1.31 B | - | - | - | 336 M | - | - | - | 480 M | - | - | - | 211 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
- | - | 1.88 B | 832 M | - | - | - | - | 3.96 B | - | - | - | 3.77 B | - | - | - | 3.24 B | - | - | - | 2.05 B | - | - | - | 737 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
- | - | 10.5 M | 16.7 M | - | - | - | - | 77.8 M | - | - | - | 23 M | - | - | - | 67.1 M | - | - | - | 40 M | - | - | - | 62.3 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
- | - | -35.8 M | -336 M | - | - | - | - | 2.99 B | - | - | - | 3.96 B | - | - | - | 853 M | - | - | - | 698 M | - | - | - | -2.71 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
- | - | 5.97 B | 4.65 B | - | - | - | - | 10.9 B | - | - | - | 12.1 B | - | - | - | 8.74 B | - | - | - | 7.3 B | - | - | - | 2 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
- | - | 1.29 B | 1.02 B | - | - | - | - | 1.43 B | - | - | - | 1.43 B | - | - | - | 2 B | - | - | - | 2.91 B | - | - | - | 803 M | - | - | - | 45 M | - | - | - | 47.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
- | - | 4.09 B | 3.82 B | - | - | - | - | 6.99 B | - | - | - | 8.38 B | - | - | - | 5.49 B | - | - | - | 5.26 B | - | - | - | 1.26 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
- | - | 4.09 B | 3.82 B | - | - | - | - | 6.99 B | - | - | - | 8.38 B | - | - | - | 5.48 B | - | - | - | 5.25 B | - | - | - | -2.71 B | - | - | - | -3.73 B | - | - | - | -3.87 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in CNY currency
Balance Sheet is a fundamental financial report of Cango , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Social internet
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
 |
Despegar.com, Corp.
DESP
|
- | - | $ 1.59 B |  Argentina |
 |
JOYY
YY
|
- | -2.53 % | $ 54.4 B |  China |
 |
Lizhi
LIZI
|
- | 2.19 % | $ 2.9 B | China |
 |
Grubhub Inc.
GRUB
|
- | - | $ 7.39 B |  USA |
 |
BlueCity Holdings Limited
BLCT
|
- | 1.33 % | $ 56.9 M | China |
 |
Baidu
BIDU
|
$ 105.34 | -1.91 % | $ 35.8 B | China |
 |
HeadHunter Group PLC
HHRU
|
- | - | - |  Russia |
 |
Momo
MOMO
|
$ 5.88 | -0.17 % | $ 1.95 B | China |
 |
AutoWeb
AUTO
|
- | 0.78 % | $ 5.38 M | USA |
 |
Mail.ru Group
MAIL
|
- | - | - | Russia |
 |
Sogou Inc.
SOGO
|
- | 0.11 % | $ 3.45 B | USA |
 |
Yandex N.V.
YNDX
|
- | - | - |  Niderland |
 |
Pinterest
PINS
|
$ 22.13 | 1.1 % | $ 14.9 B | USA |
 |
Carnival Corporation & plc
CCL
|
$ 26.33 | 4.19 % | $ 34.5 B | USA |
 |
Leaf Group Ltd.
LEAF
|
- | - | $ 306 M | USA |
 |
Monaker Group, Inc.
MKGI
|
- | 7.08 % | $ 53.2 M | USA |
 |
Trip.com Group Limited
TCOM
|
$ 43.64 | 1.44 % | $ 28.7 B | China |
 |
Points International Ltd.
PCOM
|
- | 1.3 % | $ 360 M |  Canada |
 |
Qutoutiao
QTT
|
- | -38.43 % | $ 6.99 M | China |
 |
Travel + Leisure Co.
TNL
|
$ 74.05 | 0.82 % | $ 4.86 B | USA |
 |
SINA Corporation
SINA
|
- | -0.12 % | $ 2.58 B | China |
 |
Phoenix New Media Limited
FENG
|
$ 1.4 | -2.45 % | $ 16.8 M | China |
 |
Uxin Limited
UXIN
|
$ 1.5 | -1.32 % | $ 94.1 B | China |
 |
Fiverr International Ltd.
FVRR
|
$ 10.46 | 1.65 % | $ 380 M |  Israel |
 |
Yelp
YELP
|
$ 25.1 | 2.41 % | $ 1.59 B | USA |
 |
Yatra Online
YTRA
|
$ 0.88 | 2.79 % | $ 56 M |  India |
 |
Spark Networks SE
LOV
|
- | -2.8 % | $ 81.6 M | USA |
 |
Liberty TripAdvisor Holdings
LTRPA
|
- | -20.83 % | $ 19.8 M | USA |
 |
DoorDash
DASH
|
$ 172.91 | 1.85 % | $ 73.8 B | USA |
 |
Moxian
MOXC
|
- | -1.96 % | $ 34.2 M | China |
 |
ANGI Homeservices
ANGI
|
$ 5.53 | 2.03 % | $ 253 M | USA |
|
Remark Holdings
MARK
|
- | -15.19 % | $ 4.46 M | USA |
 |
Youdao
DAO
|
$ 15.36 | 4.85 % | $ 1.81 B | - |
 |
IAC/InterActiveCorp
IAC
|
- | - | $ 3.38 B | USA |
 |
Twitter
TWTR
|
- | 1.14 % | $ 41.3 B | USA |
 |
Royal Caribbean Group
RCL
|
$ 293.54 | 3.57 % | $ 79.5 B | USA |
 |
MediaAlpha
MAX
|
$ 13.13 | 0.38 % | $ 738 M | USA |
 |
Snap
SNAP
|
$ 4.35 | -1.36 % | $ 7.37 B | USA |
 |
Alphabet
GOOG
|
$ 319.09 | 0.24 % | $ 3.87 T | USA |
 |
Autohome
ATHM
|
$ 21.11 | -0.75 % | $ 9.93 B | - |
 |
EverQuote
EVER
|
$ 25.04 | 2.2 % | $ 905 M | USA |
 |
36Kr Holdings
KRKR
|
$ 2.8 | -1.85 % | $ 2.96 B | China |
 |
DouYu International Holdings Limited
DOYU
|
$ 4.51 | 1.81 % | $ 136 M | China |
 |
Spotify Technology S.A.
SPOT
|
$ 482.66 | 2.84 % | $ 25.2 B |  Luxembourg |
 |
Gaia
GAIA
|
$ 1.87 | 0.54 % | $ 46.5 M | USA |
 |
Luokung Technology Corp.
LKCO
|
- | -46.36 % | $ 1.8 M | China |
 |
Cardlytics
CDLX
|
$ 3.62 | -5.97 % | $ 192 M | USA |
 |
TuanChe Limited
TC
|
$ 2.3 | 22.34 % | $ 1.31 B | China |
 |
Lindblad Expeditions Holdings
LIND
|
$ 26.85 | -0.7 % | $ 1.43 B | USA |