Cango Short Term Debt vs Total Liab Analysis
CANG Stock | USD 1.60 0.01 0.63% |
Cango financial indicator trend analysis is way more than just evaluating Cango Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cango Inc is a good investment. Please check the relationship between Cango Short Term Debt and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Short Term Debt vs Total Liab
Short Term Debt vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cango Inc Short Term Debt account and Total Liab. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Cango's Short Term Debt and Total Liab is -0.09. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Liab in the same time period over historical financial statements of Cango Inc, assuming nothing else is changed. The correlation between historical values of Cango's Short Term Debt and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Cango Inc are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Short Term Debt i.e., Cango's Short Term Debt and Total Liab go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Short Term Debt
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Most indicators from Cango's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cango Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Cango's Selling General Administrative is most likely to increase significantly in the upcoming years. The Cango's current Sales General And Administrative To Revenue is estimated to increase to 0.1, while Tax Provision is projected to decrease to roughly 183.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 35.9M | 26.9M | 66.4M | 45.5M | Tax Provision | 20.9M | 236.7M | 361.9M | 183.4M |
Cango fundamental ratios Correlations
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Cango Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cango fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 8.7B | 12.1B | 10.9B | 7.0B | 4.6B | 7.4B | |
Short Long Term Debt Total | 2.6B | 2.6B | 2.0B | 1.1B | 90.5M | 86.0M | |
Other Current Liab | 530.6M | 730.7M | 1.5B | 1.0B | 568.0M | 692.8M | |
Total Current Liabilities | 2.9B | 2.5B | 3.4B | 2.5B | 777.7M | 738.9M | |
Total Stockholder Equity | 5.5B | 8.4B | 7.0B | 4.3B | 3.8B | 3.8B | |
Other Liab | 34.1M | 335.6M | 52.5M | 11.0M | 12.7M | 12.1M | |
Net Tangible Assets | 5.3B | 8.2B | 6.8B | 4.1B | 4.7B | 3.6B | |
Property Plant And Equipment Net | 14.7M | 10.3M | 19.5M | 95.4M | 55.4M | 31.3M | |
Current Deferred Revenue | 67.1M | 136.9M | 403.7M | 568.3M | 138.3M | 200.5M | |
Net Debt | 602.5M | 1.1B | 569.4M | 697.8M | (930.1M) | (883.6M) | |
Retained Earnings | 852.5M | 4.0B | 3.0B | 9.1M | (335.6M) | (318.8M) | |
Accounts Payable | 8.2M | 5.1M | 4.0M | 2.1M | 23.8M | 25.0M | |
Cash | 2.0B | 1.4B | 1.4B | 378.9M | 1.0B | 1.0B | |
Non Current Assets Total | 3.2B | 3.2B | 3.3B | 1.5B | 764.6M | 726.4M | |
Non Currrent Assets Other | 2.3B | 1.1B | 1.1B | 1.2B | 660.8M | 1.2B | |
Other Assets | 2.4B | 3.0B | 3.1B | 1.3B | 1.4B | 2.0B | |
Long Term Debt | 301.7M | 977.8M | 486.4M | 75.9M | 712.0K | 676.4K | |
Cash And Short Term Investments | 2.6B | 5.8B | 4.0B | 2.3B | 1.7B | 2.8B | |
Net Receivables | 1.9B | 2.6B | 2.5B | 1.6B | 465.4M | 442.1M | |
Common Stock Shares Outstanding | 151.6M | 152.0M | 144.9M | 137.0M | 121.5M | 115.4M | |
Short Term Investments | 597.3M | 4.3B | 2.6B | 1.9B | 635.1M | 603.3M | |
Liabilities And Stockholders Equity | 8.7B | 12.1B | 10.9B | 7.0B | 4.6B | 7.4B | |
Non Current Liabilities Total | 335.8M | 1.3B | 538.8M | 163.4M | 53.9M | 51.2M | |
Inventory | 971.0M | 9.7M | 61.3M | 1.7B | 1.9B | 2.0B | |
Other Current Assets | 117.4M | 558.4M | 982.9M | 1.5B | 78.6M | 74.7M | |
Other Stockholder Equity | 4.5B | 4.5B | 4.2B | 4.2B | 4.0B | 3.6B | |
Total Liab | 3.2B | 3.8B | 4.0B | 2.7B | 831.6M | 790.1M | |
Property Plant And Equipment Gross | 14.7M | 10.3M | 19.5M | 95.4M | 84.1M | 88.3M | |
Short Long Term Debt | 2.3B | 1.6B | 1.5B | 914.4M | 40.0M | 38.0M | |
Total Current Assets | 5.5B | 8.9B | 7.6B | 5.5B | 3.9B | 5.2B | |
Accumulated Other Comprehensive Income | 119.4M | (115.4M) | (187.5M) | 66.4M | 111.8M | 117.4M | |
Non Current Liabilities Other | 21.8M | 4.9M | 991.6K | 314.3K | 226.0K | 214.7K | |
Short Term Debt | 2.3B | 1.6B | 1.5B | 924.4M | 47.6M | 45.2M | |
Intangible Assets | 44.8M | 44.9M | 45.9M | 48.3M | 48.4M | 32.6M | |
Property Plant Equipment | 14.7M | 10.3M | 19.5M | 95.4M | 109.7M | 115.2M | |
Net Invested Capital | 8.1B | 10.9B | 9.0B | 5.3B | 3.9B | 6.5B | |
Net Working Capital | 2.6B | 6.4B | 4.2B | 2.9B | 3.1B | 3.6B |
Pair Trading with Cango
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cango position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cango will appreciate offsetting losses from the drop in the long position's value.Moving against Cango Stock
0.42 | ETSY | Etsy Inc | PairCorr |
The ability to find closely correlated positions to Cango could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cango when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cango - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cango Inc to buy it.
The correlation of Cango is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cango moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cango Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cango can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cango Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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When running Cango's price analysis, check to measure Cango's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cango is operating at the current time. Most of Cango's value examination focuses on studying past and present price action to predict the probability of Cango's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cango's price. Additionally, you may evaluate how the addition of Cango to your portfolios can decrease your overall portfolio volatility.
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Is Cango's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cango. If investors know Cango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cango listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Earnings Share (0.04) | Revenue Per Share 14.005 | Quarterly Revenue Growth (0.73) | Return On Assets 0.0108 |
The market value of Cango Inc is measured differently than its book value, which is the value of Cango that is recorded on the company's balance sheet. Investors also form their own opinion of Cango's value that differs from its market value or its book value, called intrinsic value, which is Cango's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cango's market value can be influenced by many factors that don't directly affect Cango's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cango's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cango is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cango's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.