MingZhu Logistics Holdings Balance Sheet Health
Financial Health criteria checks 3/6
MingZhu Logistics Holdings has a total shareholder equity of $44.6M and total debt of $20.4M, which brings its debt-to-equity ratio to 45.7%. Its total assets and total liabilities are $127.4M and $82.8M respectively. MingZhu Logistics Holdings's EBIT is $848.9K making its interest coverage ratio 1.9. It has cash and short-term investments of $3.7M.
Key information
45.7%
Debt to equity ratio
US$20.38m
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$3.68m |
| Equity | US$44.56m |
| Total liabilities | US$82.80m |
| Total assets | US$127.35m |
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 ($83.8M) exceed its short term liabilities ($82.7M).
Long Term Liabilities: YGMZ's short term assets ($83.8M) exceed its long term liabilities ($121.1K).
Debt to Equity History and Analysis
Debt Level: YGMZ's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: YGMZ's debt to equity ratio has increased from 29.7% to 45.7% 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 (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 06:20 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
MingZhu Logistics Holdings Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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