CANG · CIK 0001725123 · FY2025 live · 2025-12-31
Cango Inc.
View as
Model
Z″
FY2025
−4.15
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−4.15
Classic Z −1.18
Z″ −4.15 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
−0.056.56 × = −0.30X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−0.563.26 × = −1.83X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
−0.396.72 × = −2.59X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.541.05 × = 0.57
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.
Overview
rule-v1
Cango Inc. is on Z″ at −4.15 (distress) for FY2025, from an SEC 10-K. EBIT / assets is the line that sets the print; retained earnings / assets is the runner-up. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.
Book screen Distress; market PD —. Tape not priced — not a single default call.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 19th percentile in Technology.
- SOGPDistressSound Group Inc.−3.98
- NTSKDistressNetskope Inc−4.34
- SHAZDistressSharonAI Holdings Inc.−4.35
- AIJTYDistressJianpu Technology Inc.−3.91
- EGHTDistress8X8 INC /DE/−3.70
- PAVSDistressParanovus Entertainment Technology Ltd.−3.70
- WBSRDistressWebstar Technology Group Inc.−4.62
- DJTDistressTrump Media & Technology Group Corp.−3.68
KPI widgets
Current assets
$125M
Total assets
$1.1B
Current liabilities
$177M
Total liabilities
$736M
Working capital
−$52M
Retained earnings
−$636M
EBIT
−$437M
Total sales
$688M
Book equity
$397M
Accession 0001104659-26-041972. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 12 Sept 2026.