Cango (CANG) Marketable Securities : $88.9 Mil (As of Dec. 2023)

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What is Cango Marketable Securities?

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price. Cango's Marketable Securities for the quarter that ended in Dec. 2023 was $88.9 Mil.

Cango's annual Marketable Securities declined from Dec. 2021 ($408.0 Mil) to Dec. 2022 ($278.5 Mil) and declined from Dec. 2022 ($278.5 Mil) to Dec. 2023 ($88.9 Mil).

Cango Marketable Securities Historical Data

The historical data trend for Cango's Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cango Marketable Securities Chart

Cango Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Marketable Securities

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85.16

664.04

408.04

278.47

88.94

Cango Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Marketable Securities	Get a 7-Day Free Trial															278.47	292.80	287.05	333.54	88.94

Cango Marketable Securities Calculation

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Cango (NYSE:CANG) Marketable Securities Explanation

Marketable Securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

Please note, GuruFocus' Marketable Securities also includes "Other Short Term Investment".

Cango Marketable Securities Related Terms

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Cango (CANG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cango Inc (NYSE:CANG) » Definitions » Marketable Securities

Comparable Companies

Traded in Other Exchanges

9C0A:Germany

Address

556 West Haiyang Road, 8th Floor, New Bund Oriental Plaza II, Pudong New Area, Shanghai, CHN, 200124

Website

https://www.cangoonline.com

Cango Inc is an automotive transaction service platform in China connecting dealers, financial institutions, car buyers, and other industry participants. The services mainly consist of - automotive financing facilitation, automotive transaction facilitation, and aftermarket service facilitation. Geographically, it derives revenue from China.