Cango Inc.

Cango Inc.verified

CANG

Price:

$1.67

Market Cap:

$1.22B

Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturer, financial institutions, car buyers, and other industry participants in the People's Republic of China. The company offers automobile trading solutions, including car sourcing, logistics, and warehousing support for dealers; and facilitation of car purchases for car buyers. It also facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; and after-market services to car buyers, which includes facilitating the sale of insurance policies from insurance brokers or companies. The company was founded in 2...[Read more]

Industry

Auto - Dealerships

IPO Date

2018-07-26

Stock Exchange

NYSE

Ticker

CANG

The Current Ratio as of September 2024 (TTM) for Cango Inc. (CANG) is 7.02

According to Cango Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 7.02. This represents a change of 27.74% compared to the average of 5.50 of the last 4 quarters.

Cango Inc. (CANG) Historical Current Ratio (quarterly & annually)

How has CANG Current Ratio performed in the past?

The mean historical Current Ratio of Cango Inc. over the last ten years is 2.64. The current 7.02 Current Ratio has changed 26.51% with respect to the historical average. Over the past ten years (40 quarters), CANG's Current Ratio was at its highest in in the June 2018 quarter at 10.62. The Current Ratio was at its lowest in in the March 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

2.64

Median

2.19

Minimum

1.05

Maximum

4.99

Cango Inc. (CANG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Cango Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 131.05%

Maximum Annual Current Ratio = 4.99

Minimum Annual Increase = -38.53%

Minimum Annual Current Ratio = 1.05

Quarterly (TTM)
Annual
YearCurrent RatioChange
20234.99131.05%
20222.16-2.90%
20212.23-38.53%
20203.6290.14%
20191.90-37.29%
20183.0444.24%
20172.1199.99%

Cango Inc. (CANG) Average Current Ratio

How has CANG Current Ratio performed in the past?

The current Current Ratio of Cango Inc. (CANG) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.13

5-year avg

2.98

10-year avg

2.64

Cango Inc. (CANG) Current Ratio vs. Peers

How is CANG’s Current Ratio compared to its peers?

Cango Inc.’s Current Ratio is greater than Kingsway Financial Services Inc. (0.46), greater than Cars.com Inc. (1.53), greater than KAR Auction Services, Inc. (1.08), greater than Rush Enterprises, Inc. (1.40), greater than Rush Enterprises, Inc. (1.40), less than Sonic Automotive, Inc. (0), greater than Lithia Motors, Inc. (1.10), greater than AutoNation, Inc. (1.19), greater than Asbury Automotive Group, Inc. (0.78), greater than Penske Automotive Group, Inc. (1.25), greater than Kingsway Financial Services Inc. (0.98), greater than Group 1 Automotive, Inc. (0.46), greater than Uxin Limited (1.02), greater than Lazydays Holdings, Inc. (0.48), greater than null (1.01),

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