YGMZ (MingZhu Logistics Holdings) Debt-to-Equity : 0.46 (As of Dec. 2023)

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What is MingZhu Logistics Holdings Debt-to-Equity?

MingZhu Logistics Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $20.27 Mil. MingZhu Logistics Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.12 Mil. MingZhu Logistics Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $44.56 Mil. MingZhu Logistics Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.46.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for MingZhu Logistics Holdings's Debt-to-Equity or its related term are showing as below:

YGMZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21 Med: 0.46 Max: 1.12
Current: 0.46

During the past 7 years, the highest Debt-to-Equity Ratio of MingZhu Logistics Holdings was 1.12. The lowest was 0.21. And the median was 0.46.

YGMZ's Debt-to-Equity is ranked better than
54.69% of 885 companies
in the Transportation industry
Industry Median: 0.53 vs YGMZ: 0.46

MingZhu Logistics Holdings Debt-to-Equity Historical Data

The historical data trend for MingZhu Logistics Holdings's Debt-to-Equity 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.

* Premium members only.

MingZhu Logistics Holdings Debt-to-Equity Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.52

0.33

0.26

0.21

0.46

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.26	0.16	0.21	0.34	0.46

Competitive Comparison of MingZhu Logistics Holdings's Debt-to-Equity

For the Trucking subindustry, MingZhu Logistics Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MingZhu Logistics Holdings's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MingZhu Logistics Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MingZhu Logistics Holdings's Debt-to-Equity falls into.

MingZhu Logistics Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MingZhu Logistics Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(20.265	+	0.121)	/	44.557
	=	0.46

MingZhu Logistics Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(20.265	+	0.121)	/	44.557
	=	0.46

MingZhu Logistics Holdings (NAS:YGMZ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MingZhu Logistics Holdings Debt-to-Equity Related Terms

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MingZhu Logistics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd is a Holding company. Its business activities include trucking services and car owner services. Its segments are the trucking business, car owner services business, and liquor distribution business. It generates the majority of its revenue from the trucking segment.