Cango annual net debt
2018
2019
2020
2021
2022
2023
2024
2025
Cango Net Debt Growth & History (CANG)
Cango's net debt was $518.6M for fiscal 2025.
View full Cango company overviewCango annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $518.6M | $585.8M | — |
| 2024 | 2024-12-31 | −$67.2M | $22.3M | — |
| 2023 | 2023-12-31 | −$89.5M | −$190.7M | — |
| 2022 | 2022-12-31 | $101.2M | −$3.2M | −3.04% |
| 2021 | 2021-12-31 | $104.3M | −$69.7M | −40.04% |
| 2020 | 2020-12-31 | $174.0M | $87.5M | +101.07% |
| 2019 | 2019-12-31 | $86.5M | $277.5M | — |
| 2018 | 2018-12-31 | −$191.0M | — | — |
Cango quarterly net debt
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $41.0M | −$66.4M | −61.81% |
| Q1 2026 | 2026-03-31 | $25.5M | $257.1M | — |
| Q4 2025 | 2025-12-31 | $518.6M | $585.8M | — |
| Q3 2025 | 2025-09-30 | $362.6M | — | — |
| Q2 2025 | 2025-06-30 | $107.4M | — | — |
| Q1 2025 | 2025-03-31 | −$231.5M | — | — |
| Q4 2024 | 2024-12-31 | −$67.2M | $22.3M | — |
| Q4 2023 | 2023-12-31 | −$89.5M | −$190.7M | — |
| Q4 2022 | 2022-12-31 | $101.2M | −$3.2M | −3.04% |
| Q4 2021 | 2021-12-31 | $104.3M | −$69.7M | −40.04% |
| Q4 2020 | 2020-12-31 | $174.0M | $87.5M | +101.07% |
| Q4 2019 | 2019-12-31 | $86.5M | $277.5M | — |
| Q4 2018 | 2018-12-31 | −$191.0M | — | — |
Cango net debt trends
Over the last five fiscal years, Cango's net debt increased from $174.0M to $518.6M, a change of $344.5M. The latest reported quarter, Q2 2026, shows $41.0M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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