Cango Inc
Cango Inc. operates bitcoin mining business with mining operation across North America, the Middle East, South America, and East Africa. It also operates an online international used car export business through AutoCango.com. Cango Inc. was founded in 2010 and is headquartered in Dallas, Texas.
Cango Inc (CANG) - Net Assets
Latest net assets as of September 2025: $4.90 Billion USD
Based on the latest financial reports, Cango Inc (CANG) has net assets worth $4.90 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.52 Billion) and total liabilities ($4.62 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.90 Billion |
| % of Total Assets | 51.48% |
| Annual Growth Rate | N/A |
| 5-Year Change | -51.21% |
| 10-Year Change | N/A |
| Growth Volatility | 27.97 |
Cango Inc - Net Assets Trend (2016–2024)
This chart illustrates how Cango Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Cango Inc (2016–2024)
The table below shows the annual net assets of Cango Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.09 Billion | +7.06% |
| 2023-12-31 | $3.82 Billion | -11.68% |
| 2022-12-31 | $4.32 Billion | -38.18% |
| 2021-12-31 | $6.99 Billion | -16.53% |
| 2020-12-31 | $8.38 Billion | +52.51% |
| 2019-12-31 | $5.49 Billion | +4.50% |
| 2018-12-31 | $5.26 Billion | +295.96% |
| 2017-12-31 | $-2.68 Billion | +28.12% |
| 2016-12-31 | $-3.73 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cango Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 371493859000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $199.09K | 0.00% |
| Other Comprehensive Income | $152.88 Million | 3.74% |
| Other Components | $3.97 Billion | 97.13% |
| Total Equity | $4.09 Billion | 100.00% |
Cango Inc Competitors by Market Cap
The table below lists competitors of Cango Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AFYA LTD. CL.A DL-00005
F:1AY
|
$100.48 Million |
|
Kudelski
SW:KUD
|
$100.52 Million |
|
KNIGHTS GROUP HOL LS-002
F:77Q
|
$100.53 Million |
|
Golden Ventures Leasehold Real Estate Investment Trust
BK:GVREIT
|
$100.53 Million |
|
Central China Management Company Limited
PINK:CCHMF
|
$100.45 Million |
|
APATOR B ZY 010
F:8QM
|
$100.43 Million |
|
RYVU THERAPEUTICS ZY-40
F:9Y4
|
$100.37 Million |
|
6L00
F:6L00
|
$100.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cango Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,816,976,487 to 4,086,630,000, a change of 269,653,513 (7.1%).
- Net income of 299,815,046 contributed positively to equity growth.
- Share repurchases of 90,913,000 reduced equity.
- Other comprehensive income increased equity by 41,032,834.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $299.82 Million | +7.34% |
| Share Repurchases | $90.91 Million | -2.22% |
| Other Comprehensive Income | $41.03 Million | +1.0% |
| Other Changes | $19.72 Million | +0.48% |
| Total Change | $- | 7.06% |
Book Value vs Market Value Analysis
This analysis compares Cango Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.07x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $-25.32 | $0.57 | x |
| 2017-12-31 | $-18.30 | $0.57 | x |
| 2018-12-31 | $9.35 | $0.57 | x |
| 2019-12-31 | $36.12 | $0.57 | x |
| 2020-12-31 | $13.78 | $0.57 | x |
| 2021-12-31 | $12.06 | $0.57 | x |
| 2022-12-31 | $7.88 | $0.57 | x |
| 2023-12-31 | $7.85 | $0.57 | x |
| 2024-12-31 | $8.77 | $0.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cango Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.27%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.46x
- Recent ROE (7.34%) is above the historical average (3.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 29.68% | 0.61x | 0.00x | $503.51 Million |
| 2017 | 0.00% | 32.41% | 0.53x | 0.00x | $611.77 Million |
| 2018 | 5.76% | 27.73% | 0.15x | 1.39x | $-222.49 Million |
| 2019 | 7.14% | 27.15% | 0.16x | 1.59x | $-156.87 Million |
| 2020 | 40.23% | 164.17% | 0.17x | 1.45x | $2.53 Billion |
| 2021 | -0.12% | -0.22% | 0.36x | 1.57x | $-707.60 Million |
| 2022 | -25.71% | -56.11% | 0.28x | 1.62x | $-1.54 Billion |
| 2023 | -0.99% | -2.23% | 0.37x | 1.22x | $-419.57 Million |
| 2024 | 7.34% | 37.27% | 0.13x | 1.46x | $-108.85 Million |
Industry Comparison
This section compares Cango Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cango Inc (CANG) | $4.90 Billion | 0.00% | 0.94x | $100.46 Million |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |