MingZhu Logistics Holdings Limited (YGMZ) Financials
MingZhu Logistics Holdings Limited (YGMZ) reported $40.4M in revenue for fiscal year 2024, down 54.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
MingZhu's reported scale is volatile, but the durable pattern is weak cash conversion and a balance sheet with little current-asset cushion.
FY2023 paired revenue of$89.0M with operating cash flow of-$10.1M , showing that reported volume was not converting into cash. In FY2024, revenue fell to$40.4M while operating cash flow remained negative at-$2.6M , so the smaller shortfall tracks reduced scale rather than a cash-generating model.
Liquidity has moved from comfortable to tight: the current ratio fell from 2.4x in FY2020 to 1.0x in FY2024, while current liabilities rose to almost equal current assets. That combination means the business is increasingly dependent on converting near-term assets into cash rather than relying on a broad working-capital buffer.
Debt is not the main financing pressure: FY2024 debt-to-equity was 0.0x, while total liabilities were
Financial Health Signals
MingZhu Logistics Holdings Limited does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
MingZhu Logistics Holdings Limited passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
MingZhu Logistics Holdings Limited reported a net loss of $6.2M while operations used $2.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
MingZhu Logistics Holdings Limited reported an operating loss of $4.0M against $369K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
MingZhu Logistics Holdings Limited generated $40.4M in revenue in fiscal year 2024. This represents a decrease of 54.6% from the prior year.
MingZhu Logistics Holdings Limited's EBITDA was -$3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 287.0% from the prior year.
MingZhu Logistics Holdings Limited reported a net loss of $6.2M in fiscal year 2024. The change from the prior year is not meaningful, because that figure was zero or negative.
MingZhu Logistics Holdings Limited earned -$1.31 per diluted share (EPS) in fiscal year 2024.
Cash & Balance Sheet
MingZhu Logistics Holdings Limited recorded an outflow of $2.7M in free cash flow in fiscal year 2024, representing a cash shortfall after capex.
MingZhu Logistics Holdings Limited held $698K in cash against $595K in long-term debt as of fiscal year 2024, with $45.0M of liabilities due within a year.
Not reported for fiscal year 2024.
Margins & Returns
MingZhu Logistics Holdings Limited's operating margin was -10.0% in fiscal year 2024, reflecting core business profitability. This is down 10.9 percentage points from the prior year.
MingZhu Logistics Holdings Limited's net profit margin was -15.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.5 percentage points from the prior year.
MingZhu Logistics Holdings Limited's ROE was -13.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 7.7 percentage points from the prior year.
Not reported for fiscal year 2024.
Capital Allocation
MingZhu Logistics Holdings Limited invested $104K in capex in fiscal year 2024, funding long-term assets and infrastructure.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
YGMZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|
| Revenue | $40.4M-54.6% | $89.0M+40.1% | $63.5M+265.9% | $17.4M-7.6% | $18.8M-36.1% | $29.4M+6.4% | $27.6M |
| Cost of Revenue | N/A | $13.0M-70.4% | $44.0M+185.0% | $15.4M-3.6% | $16.0M | N/A | N/A |
| Gross Profit | N/A | $76.0M+288.7% | $19.5M+912.4% | $1.9M-30.6% | $2.8M | N/A | N/A |
| SG&A Expenses | $4.4M+136.8% | $1.9M-31.1% | $2.7M+32.0% | $2.1M+55.2% | $1.3M+1.7% | $1.3M+13.3% | $1.1M |
| Operating Income | -$4.0M-575.3% | $849Kn/m | -$100Kn/m | -$488K-134.6% | $1.4M-47.2% | $2.7M-33.7% | $4.0M |
| EBITDA | -$3.2M-287.0% | $1.7M-17.5% | $2.1M+120.3% | $951K-67.6% | $2.9M-27.5% | $4.0M-25.3% | $5.4M |
| Interest Expense | $369K-18.1% | $450K-42.9% | $789K+99.2% | $396K+5.9% | $374K+0.9% | $371K+4.3% | $355K |
| Income Tax | $34K-87.2% | $269K+18.7% | $226K+67.0% | $135K-63.0% | $366K-55.4% | $821K-18.4% | $1.0M |
| Net Income | -$6.2Mn/m | -$9.6M-605.2% | $1.9Mn/m | -$938K-220.0% | $782K-52.4% | $1.6M-42.5% | $2.9M |
| EPS (Basic) | -$1.31 | -$2.98 | $0.71 | $0.05 | $0.08-55.6% | $0.18 | N/A |
| EPS (Diluted) | -$1.31 | -$2.98 | $0.73 | -$0.06 | $0.08-55.6% | $0.18-43.8% | $0.32 |
| Diluted Shares (Avg) | 5M | 3M | 3M | 15M | 10M+7.0% | 9Mn/m | 0 |
Not reported in any period shown, so not listed: R&D Expenses.
YGMZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|
| Total Assets | $90.3M-29.1% | $127.4M+30.9% | $97.3M+27.4% | $76.4M+125.0% | $33.9M+66.5% | $20.4M | N/A |
| Current Assets | $45.0M-46.4% | $83.8M+26.6% | $66.3M+67.3% | $39.6M+31.2% | $30.2M+95.8% | $15.4M | N/A |
| Cash & Equivalents | $698K-81.0% | $3.7M-4.6% | $3.9M+4811.3% | $78K-96.3% | $2.1M+842.1% | $224K-72.3% | $808K |
| Accounts Receivable | $2.7M-91.4% | $31.6M+96.1% | $16.1M+341.1% | $3.7M-31.7% | $5.3M-50.9% | $10.9M | N/A |
| Goodwill | N/A | N/A | $14.2M0.0% | $14.2M | N/A | N/A | N/A |
| Total Liabilities | $45.6M-45.0% | $82.8M+68.3% | $49.2M+41.9% | $34.7M+173.8% | $12.7M+22.3% | $10.4M | N/A |
| Current Liabilities | $45.0M-45.6% | $82.7M+73.0% | $47.8M+39.3% | $34.3M+174.4% | $12.5M+27.0% | $9.8M | N/A |
| Non-Current Liabilities | $595K+391.1% | $121K-91.4% | $1.4M+271.5% | $380K+131.2% | $164K-68.3% | $518K | N/A |
| Long-Term Debt | $595K+391.1% | $121K-52.2% | $253K+41.3% | $179K-51.8% | $372K-66.8% | $1.1M | N/A |
| Total Equity | $44.8M+0.4% | $44.6M-7.4% | $48.1M+15.4% | $41.7M+95.9% | $21.3M+112.2% | $10.0M+17.9% | $8.5M |
| Retained Earnings | -$1.3M-126.2% | $4.9M-36.4% | $7.7M+29.9% | $5.9M-14.1% | $6.9M+10.7% | $6.2M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.
YGMZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.6Mn/m | -$10.1Mn/m | -$4.0Mn/m | -$23.8Mn/m | -$890K-179.7% | $1.1M-70.6% | $3.8M |
| Depreciation & Amortization | $805K-8.4% | $879K-60.0% | $2.2M+52.5% | $1.4M-5.3% | $1.5M+11.2% | $1.4M-0.6% | $1.4M |
| Capital Expenditures | $104K | N/A | $12K-93.9% | $199K+27.8% | $156K-83.0% | $917K+744.7% | $109K |
| Free Cash Flow | -$2.7M | N/A | -$4.0Mn/m | -$24.0Mn/m | -$1.0M-622.8% | $200K-94.6% | $3.7M |
| Investing Cash Flow | -$580K-745.2% | $90K-96.7% | $2.7M+113.4% | $1.3Mn/m | -$156Kn/m | -$917Kn/m | -$17K |
| Financing Cash Flow | $491K-94.3% | $8.6M+978.2% | $793K-95.2% | $16.7M+35.3% | $12.3Mn/m | -$789Kn/m | -$3.3M |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
YGMZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 85.4%+54.6pp | 30.8%+19.7pp | 11.1%-3.7pp | 14.8% | N/A | N/A |
| Operating Margin | -10.0%-10.9pp | 0.9%+1.1pp | -0.2%+2.6pp | -2.8%-10.3pp | 7.5%-1.6pp | 9.1%-5.5pp | 14.6% |
| Net Margin | -15.3%-4.5pp | -10.8%-13.8pp | 3.0%+8.4pp | -5.4%-9.6pp | 4.2%-1.4pp | 5.6%-4.7pp | 10.3% |
| Return on Equity | -13.8%+7.7pp | -21.5%-25.4pp | 3.9%+6.2pp | -2.3%-5.9pp | 3.7%-12.7pp | 16.4%-17.2pp | 33.6% |
| Return on Assets | -6.9%+0.7pp | -7.5%-9.5pp | 1.9%+3.2pp | -1.2%-3.5pp | 2.3%-5.8pp | 8.1% | N/A |
| Current Ratio | 1.000.0x | 1.01-0.4x | 1.39+0.2x | 1.15-1.3x | 2.42+0.8x | 1.57 | N/A |
| Debt-to-Equity | 0.010.0x | 0.000.0x | 0.010.0x | 0.000.0x | 0.02-0.1x | 0.11 | N/A |
| Liabilities-to-Equity | 1.02-0.8x | 1.86+0.8x | 1.02+0.2x | 0.83+0.2x | 0.60-0.4x | 1.03 | N/A |
| Asset Turnover | 0.45-0.3x | 0.700.0x | 0.65+0.4x | 0.23-0.3x | 0.55-0.9x | 1.44 | N/A |
| FCF Margin | -6.7% | N/A | -6.2% | -138.2% | -5.6%-6.3pp | 0.7%-12.7pp | 13.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
Note: The current ratio is below 1.0 (1.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| MingZhu Logistics Holdings Limited YGMZ | FY2024 | $40.4M | -$6.2M | -15.3% | N/A | — |
| Toppoint Holdings Inc. TOPP | FY2025 | $16.5M | -$7.3M | -44.4% | $3.2M | 37/100 |
| PAMT CORP PAMT | FY2025 | $598.1M | -$52.6M | -8.8% | $228.7M | 16/100 |
| ArcBest Corporation ARCB | FY2025 | $4.0B | $60.1M | 1.5% | $2.9B | 43/100 |
| Heartland Express Inc HTLD | FY2025 | $805.7M | -$52.5M | -6.5% | $793.4M | 22/100 |
Where MingZhu Logistics Holdings Limited Ranks
Frequently Asked Questions
What is MingZhu Logistics Holdings Limited's annual revenue?
MingZhu Logistics Holdings Limited (YGMZ) reported $40.4M in total revenue for fiscal year 2024. This represents a -54.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is MingZhu Logistics Holdings Limited's revenue growing?
MingZhu Logistics Holdings Limited (YGMZ) revenue declined by 54.6% year-over-year, from $89.0M to $40.4M in fiscal year 2024.
Is MingZhu Logistics Holdings Limited profitable?
No, MingZhu Logistics Holdings Limited (YGMZ) reported a net loss of $6.2M in fiscal year 2024, with a net profit margin of -15.3%.
What is MingZhu Logistics Holdings Limited's EBITDA?
MingZhu Logistics Holdings Limited (YGMZ) had EBITDA of -$3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does MingZhu Logistics Holdings Limited have?
As of fiscal year 2024, MingZhu Logistics Holdings Limited (YGMZ) had $698K in cash and equivalents against $595K in long-term debt.
What is MingZhu Logistics Holdings Limited's operating margin?
MingZhu Logistics Holdings Limited (YGMZ) had an operating margin of -10.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is MingZhu Logistics Holdings Limited's net profit margin?
MingZhu Logistics Holdings Limited (YGMZ) had a net profit margin of -15.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is MingZhu Logistics Holdings Limited's return on equity (ROE)?
MingZhu Logistics Holdings Limited (YGMZ) has a return on equity of -13.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is MingZhu Logistics Holdings Limited's free cash flow?
MingZhu Logistics Holdings Limited (YGMZ) recorded an outflow of $2.7M in free cash flow during fiscal year 2024. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is MingZhu Logistics Holdings Limited's operating cash flow?
MingZhu Logistics Holdings Limited (YGMZ) recorded an outflow of $2.6M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are MingZhu Logistics Holdings Limited's total assets?
MingZhu Logistics Holdings Limited (YGMZ) had $90.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are MingZhu Logistics Holdings Limited's capital expenditures?
MingZhu Logistics Holdings Limited (YGMZ) invested $104K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is MingZhu Logistics Holdings Limited's current ratio?
MingZhu Logistics Holdings Limited (YGMZ) had a current ratio of 1.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is MingZhu Logistics Holdings Limited's debt-to-equity ratio?
MingZhu Logistics Holdings Limited (YGMZ) had a debt-to-equity ratio of 0.01 as of fiscal year 2024. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is MingZhu Logistics Holdings Limited's liabilities-to-equity ratio?
MingZhu Logistics Holdings Limited (YGMZ) had a liabilities-to-equity ratio of 1.02 as of fiscal year 2024, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is MingZhu Logistics Holdings Limited's return on assets (ROA)?
MingZhu Logistics Holdings Limited (YGMZ) had a return on assets of -6.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is MingZhu Logistics Holdings Limited's Piotroski F-Score?
MingZhu Logistics Holdings Limited (YGMZ) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MingZhu Logistics Holdings Limited's earnings high quality?
MingZhu Logistics Holdings Limited (YGMZ) reported a net loss of $6.2M while operations used $2.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can MingZhu Logistics Holdings Limited cover its interest payments?
MingZhu Logistics Holdings Limited (YGMZ) reported an operating loss of $4.0M against $369K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.