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) - Total Assets
Latest total assets as of September 2025: $9.52 Billion USD
Based on the latest financial reports, Cango Inc (CANG) holds total assets worth $9.52 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Cango Inc - Total Assets Trend (2016–2024)
This chart illustrates how Cango Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Cango Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Cango Inc's total assets of $9.52 Billion consist of 57.9% current assets and 42.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 21.6% |
| Accounts Receivable | $107.14 Million | 1.8% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $47.43 Million | 0.8% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2024)
This chart illustrates how Cango Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Cango Inc's current assets represent 57.9% of total assets in 2024, an increase from 42.3% in 2016.
- Cash Position: Cash and equivalents constituted 21.6% of total assets in 2024, up from 6.3% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 1.8% of total assets.
Cango Inc Competitors by Total Assets
Key competitors of Cango Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
MGT Capital Investments Inc
PINK:MGTI
|
USA | $36.00K |
|
XTRA Bitcoin Inc
PINK:CBTC
|
USA | $109.64K |
|
Shenwan Hongyuan Group Co Ltd
SHE:000166
|
China | CN¥721.97 Billion |
|
Northeast Securities Co Ltd
SHE:000686
|
China | CN¥110.06 Billion |
|
Guangdong Golden Dragon Development Inc
SHE:000712
|
China | CN¥22.93 Billion |
|
Sealand Securities Co Ltd
SHE:000750
|
China | CN¥74.96 Billion |
|
GF Securities Co Ltd
SHE:000776
|
China | CN¥953.44 Billion |
|
Changjiang Securities Co Ltd
SHE:000783
|
China | CN¥191.54 Billion |
Cango Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Cango Inc generates 0.13x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Cango Inc generates $5.02 in net profit.
Cango Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.20 | 7.83 | 3.62 |
| Quick Ratio | 1.20 | 7.83 | 3.62 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $337.11 Million | $ 3.45 Billion | $ 6.44 Billion |
Cango Inc - Advanced Valuation Insights
This section examines the relationship between Cango Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.34 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | 28.4% |
| Total Assets | $5.97 Billion |
| Market Capitalization | $100.46 Million USD |
Valuation Analysis
Below Book Valuation: The market values Cango Inc's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Cango Inc's assets grew by 28.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Cango Inc (2016–2024)
The table below shows the annual total assets of Cango Inc from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $5.97 Billion | +28.41% |
| 2023-12-31 | $4.65 Billion | -33.75% |
| 2022-12-31 | $7.02 Billion | -35.91% |
| 2021-12-31 | $10.95 Billion | -9.87% |
| 2020-12-31 | $12.15 Billion | +39.02% |
| 2019-12-31 | $8.74 Billion | +19.66% |
| 2018-12-31 | $7.30 Billion | +265.63% |
| 2017-12-31 | $2.00 Billion | +179.34% |
| 2016-12-31 | $714.86 Million | -- |