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Cango Long-Term Debt | CANG
Long-term debt is a financial obligation of a company or an individual with a repayment period exceeding one year from the date it arises. In accounting, such obligations are recorded under the "long-term liabilities" section.
Main characteristics:- Term exceeds 12 months
- Can take the form of bonds, bank loans, credit lines, leasing, or loans from affiliated parties
- Repaid through regular payments (interest and/or principal) over several years
- Investment in development
Allows financing of large projects — new factories, production lines, innovative developments — without diverting working capital. - Smoothing of cash flows
A long-term payment schedule facilitates budget planning and reduces short-term financial risks. - Optimization of capital structure
A combination of equity and borrowed capital can reduce the average cost of business financing.
A high level of long-term debt may indicate that a company heavily relies on borrowed funds. This increases risks, especially in conditions of rising interest rates or declining profits. However, a moderate level of debt can signal a sound growth strategy — for example, the company takes a loan to expand its business.
If a company uses borrowed funds effectively (e.g., invests in profitable projects), this can lead to profit growth and, consequently, an increase in stock value. An investor evaluates whether the investments made using debt are paying off.
It is important to monitor whether the company can regularly pay interest and repay the principal. Payment difficulties can lead to reduced dividends, a drop in stock value, and even bankruptcy.
Examples of long-term debt:- Mortgage loans for property purchases
- Corporate bonds issued by a company to raise capital
- Project financing — long-term loans for building or expanding production facilities
- Leasing obligations for equipment or transport
Annual Long-Term Debt Cango
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | 37 M | 712 K | 75.9 M | - | 978 M | 302 M | 473 M | 175 M | 190 M | - | - | - | - | - |
All numbers in CNY currency
Indicator range from annual reports
| Maximum | Minimum | Average |
|---|---|---|
| 978 M | 712 K | 279 M |
Quarterly Long-Term Debt 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | 37 M | 712 K | - | - | - | - | 486 M | - | - | - | 978 M | - | - | - | 302 M | - | - | - | 473 M | - | - | - | 175 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in CNY currency
Indicator range from quarterly reporting
| Maximum | Minimum | Average |
|---|---|---|
| 978 M | 712 K | 350 M |
Long-Term Debt of other stocks in the Social internet industry
| Issuer | Long-Term Debt | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|---|
 |
Despegar.com, Corp.
DESP
|
904 K | - | - | $ 1.59 B |  Argentina |
 |
JOYY
YY
|
5.08 B | - | -2.53 % | $ 54.4 B |  China |
 |
Grubhub Inc.
GRUB
|
494 M | - | - | $ 7.39 B |  USA |
 |
BlueCity Holdings Limited
BLCT
|
31.8 M | - | 1.33 % | $ 56.9 M | China |
 |
Baidu
BIDU
|
41.3 B | $ 105.34 | -1.91 % | $ 35.8 B | China |
 |
HeadHunter Group PLC
HHRU
|
7.79 B | - | - | - |  Russia |
 |
Momo
MOMO
|
3.13 M | $ 5.88 | -0.17 % | $ 1.95 B | China |
 |
AutoWeb
AUTO
|
64 K | - | 0.78 % | $ 5.38 M | USA |
 |
Yandex N.V.
YNDX
|
49.4 B | - | - | - |  Niderland |
 |
Pinterest
PINS
|
221 M | $ 22.13 | 1.1 % | $ 14.9 B | USA |
 |
Carnival Corporation & plc
CCL
|
24 B | $ 26.33 | 4.19 % | $ 34.5 B | USA |
 |
Leaf Group Ltd.
LEAF
|
3.76 M | - | - | $ 306 M | USA |
 |
Monaker Group, Inc.
MKGI
|
36.9 K | - | 7.08 % | $ 53.2 M | USA |
 |
Trip.com Group Limited
TCOM
|
11.4 B | $ 43.64 | 1.44 % | $ 28.7 B | China |
 |
Points International Ltd.
PCOM
|
27 K | - | 1.3 % | $ 360 M |  Canada |
 |
Qutoutiao
QTT
|
1.17 B | - | -38.43 % | $ 6.99 M | China |
 |
Travel + Leisure Co.
TNL
|
5.6 B | $ 74.05 | 0.82 % | $ 4.86 B | USA |
 |
SINA Corporation
SINA
|
1.7 B | - | -0.12 % | $ 2.58 B | China |
 |
Phoenix New Media Limited
FENG
|
29.2 M | $ 1.4 | -2.45 % | $ 16.8 M | China |
 |
Uxin Limited
UXIN
|
1.08 B | $ 1.5 | -1.32 % | $ 94.1 B | China |
 |
Fiverr International Ltd.
FVRR
|
2.15 M | $ 10.46 | 1.65 % | $ 380 M |  Israel |
 |
Yelp
YELP
|
17.5 M | $ 25.1 | 2.41 % | $ 1.59 B | USA |
 |
Yatra Online
YTRA
|
186 M | $ 0.88 | 2.79 % | $ 56 M |  India |
 |
Spark Networks SE
LOV
|
64.5 M | - | -2.8 % | $ 81.6 M | USA |
 |
Liberty TripAdvisor Holdings
LTRPA
|
831 M | - | -20.83 % | $ 19.8 M | USA |
 |
DoorDash
DASH
|
461 M | $ 172.91 | 1.85 % | $ 73.8 B | USA |
 |
ANGI Homeservices
ANGI
|
498 M | $ 5.53 | 2.03 % | $ 253 M | USA |
|
Remark Holdings
MARK
|
286 K | - | -15.19 % | $ 4.46 M | USA |
 |
Youdao
DAO
|
18.8 M | $ 15.36 | 4.85 % | $ 1.81 B | - |
 |
IAC/InterActiveCorp
IAC
|
1.4 B | - | - | $ 3.38 B | USA |
 |
Twitter
TWTR
|
1.07 B | - | 1.14 % | $ 41.3 B | USA |
 |
Royal Caribbean Group
RCL
|
18.2 B | $ 293.54 | 3.57 % | $ 79.5 B | USA |
 |
MediaAlpha
MAX
|
132 M | $ 13.13 | 0.38 % | $ 738 M | USA |
 |
Snap
SNAP
|
3.49 B | $ 4.35 | -1.36 % | $ 7.37 B | USA |
 |
Alphabet
GOOG
|
46.5 B | $ 319.09 | 0.24 % | $ 3.87 T | USA |
 |
EverQuote
EVER
|
1.37 M | $ 25.04 | 2.2 % | $ 905 M | USA |
 |
36Kr Holdings
KRKR
|
11.4 M | $ 2.8 | -1.85 % | $ 2.96 B | China |
 |
DouYu International Holdings Limited
DOYU
|
1.31 M | $ 4.51 | 1.81 % | $ 136 M | China |
 |
Spotify Technology S.A.
SPOT
|
1.11 B | $ 482.66 | 2.84 % | $ 25.2 B |  Luxembourg |
 |
Gaia
GAIA
|
5.45 M | $ 1.87 | 0.54 % | $ 46.5 M | USA |
 |
Luokung Technology Corp.
LKCO
|
62.5 K | - | -46.36 % | $ 1.8 M | China |
 |
Cardlytics
CDLX
|
213 M | $ 3.62 | -5.97 % | $ 192 M | USA |
 |
TuanChe Limited
TC
|
10 M | $ 2.3 | 22.34 % | $ 1.31 B | China |
 |
Lindblad Expeditions Holdings
LIND
|
622 M | $ 26.85 | -0.7 % | $ 1.43 B | USA |