MingZhu Logistics Holdings (MingZhu Logistics Holdings) Debt-to-Asset : 0.14 (As of Jun. 2023)

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What is MingZhu Logistics Holdings Debt-to-Asset?

MingZhu Logistics Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $14.8 Mil. MingZhu Logistics Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.0 Mil. MingZhu Logistics Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was $114.3 Mil. MingZhu Logistics Holdings's debt to asset for the quarter that ended in Jun. 2023 was 0.14.

MingZhu Logistics Holdings Debt-to-Asset Historical Data

The historical data trend for MingZhu Logistics Holdings's Debt-to-Asset 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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MingZhu Logistics Holdings Debt-to-Asset Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.25

0.26

0.21

0.14

0.12

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Asset	Get a 7-Day Free Trial						0.14	0.14	0.10	0.12	0.14

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

For the Trucking subindustry, MingZhu Logistics Holdings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Transportation Industry

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

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

MingZhu Logistics Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

MingZhu Logistics Holdings's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(11.366	+	1.412)	/	111.457
	=	0.11

MingZhu Logistics Holdings's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(14.763	+	0.962)	/	114.303
	=	0.14

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

MingZhu Logistics Holdings Debt-to-Asset Related Terms

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MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

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

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 provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.