MingZhu Logistics Holdings Balance Sheet Health
Financial Health criteria checks 4/6
MingZhu Logistics Holdings has a total shareholder equity of $46.4M and total debt of $14.3M, which brings its debt-to-equity ratio to 30.9%. Its total assets and total liabilities are $114.3M and $67.9M respectively. MingZhu Logistics Holdings's EBIT is $66.6K making its interest coverage ratio 0.1. It has cash and short-term investments of $4.3M.
Key information
30.9%
Debt to equity ratio
US$14.32m
Debt
| Interest coverage ratio | 0.06x |
| Cash | US$4.31m |
| Equity | US$46.36m |
| Total liabilities | US$67.94m |
| Total assets | US$114.30m |
Recent financial health updates
Recent updates
Not Many Are Piling Into MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Stock Yet As It Plummets 25%
Apr 04
MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) Could Be Riskier Than It Looks
Dec 30Market Cool On MingZhu Logistics Holdings Limited's (NASDAQ:YGMZ) Revenues Pushing Shares 27% Lower
Aug 16MingZhu Logistics Holdings (NASDAQ:YGMZ) Is Posting Solid Earnings, But It Is Not All Good News
Jan 09Some Investors May Be Worried About MingZhu Logistics Holdings' (NASDAQ:YGMZ) Returns On Capital
Feb 10How Good Is MingZhu Logistics Holdings Limited (NASDAQ:YGMZ), When It Comes To ROE?
Jan 21
MingZhu Logistics reports 1H results
Dec 30Financial Position Analysis
Short Term Liabilities: YGMZ's short term assets ($70.4M) exceed its short term liabilities ($67.0M).
Long Term Liabilities: YGMZ's short term assets ($70.4M) exceed its long term liabilities ($962.4K).
Debt to Equity History and Analysis
Debt Level: YGMZ's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: YGMZ's debt to equity ratio has reduced from 47.2% to 30.9% over the past 5 years.
Debt Coverage: YGMZ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: YGMZ's interest payments on its debt are not well covered by EBIT (0.1x coverage).