What is Mingzhu Logistics Hldgs Ltd's earnings per share (EPS)?

Mingzhu Logistics Hldgs Ltd (YGMZ) reported diluted earnings per share of $-1.31 for fiscal year 2024. This represents a 56.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Mingzhu Logistics Hldgs Ltd Financials

YGMZ

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2024 Currency USD FYE December

This page shows Mingzhu Logistics Hldgs Ltd (YGMZ) financial statements, including the 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).

Rhea AI YGMZ FY2024 2026-04-22

Working-capital release masked a still-weak core as cash burn improved faster than reported profits in FY2024.

The most revealing shift is that operating cash outflow narrowed to -$2.6M in FY2024 from -$10.1M in FY2023 even as revenue fell 54.6%, because accounts receivable dropped to $2.7M from $31.6M. That means the better cash profile came mainly from unwinding working capital, not from a healthier earnings engine, since net loss still ran at -$6.2M.

The balance sheet looks lightly levered by borrowings, with debt to equity at just 0.013x, but liquidity is tight: cash was only $698K and current assets barely covered current liabilities at 1.0x. In practice, this business is funded more by operating liabilities than by long-term debt, so short-term cash discipline matters more than interest burden.

FY2024 free cash flow of -$2.7M sat close to operating cash flow of -$2.6M because capital spending was only $104K. That says the cash drain is coming from the business itself rather than from heavy reinvestment, so the operating model—not expansion spending—is what is consuming cash.

Financial Health Signals

Financial Health Score 32/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Mingzhu Logistics Hldgs Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

0.28

Mingzhu Logistics Hldgs Ltd scores 0.28, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/8

Mingzhu Logistics Hldgs Ltd 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), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.42x

For every $1 of reported earnings, Mingzhu Logistics Hldgs Ltd generates $0.42 in operating cash flow (-$2.6M OCF vs -$6.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-10.9x

Mingzhu Logistics Hldgs Ltd earns $-10.9 in operating income for every $1 of interest expense (-$4.0M vs $369K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$40.4M

YoY-54.6%

5Y CAGR+6.6%

Mingzhu Logistics Hldgs Ltd generated $40.4M in revenue in fiscal year 2024. This represents a decrease of 54.6% from the prior year.

EBITDA

-$3.2M

YoY-287.0%

Mingzhu Logistics Hldgs Ltd'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.

Net Income

-$6.2M

YoY+35.4%

Mingzhu Logistics Hldgs Ltd reported -$6.2M in net income in fiscal year 2024. This represents an increase of 35.4% from the prior year.

EPS (Diluted)

$-1.31

YoY+56.0%

Mingzhu Logistics Hldgs Ltd earned $-1.31 per diluted share (EPS) in fiscal year 2024. This represents an increase of 56.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$2.7M

Mingzhu Logistics Hldgs Ltd generated -$2.7M in free cash flow in fiscal year 2024, representing cash available after capex.

Cash & Debt

$698K

YoY-81.0%

5Y CAGR+25.6%

Mingzhu Logistics Hldgs Ltd held $698K in cash against $595K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+94.1%

Mingzhu Logistics Hldgs Ltd had 7M shares outstanding in fiscal year 2024. This represents an increase of 94.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-10.0%

YoY-10.9pp

5Y CAGR-19.1pp

Mingzhu Logistics Hldgs Ltd'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.

Net Margin

-15.3%

YoY-4.5pp

5Y CAGR-20.9pp

Mingzhu Logistics Hldgs Ltd'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.

Return on Equity

-13.8%

YoY+7.7pp

5Y CAGR-30.2pp

Mingzhu Logistics Hldgs Ltd'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.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$104K

5Y CAGR-35.3%

Mingzhu Logistics Hldgs Ltd invested $104K in capex in fiscal year 2024, funding long-term assets and infrastructure.

YGMZ Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$40.4M-54.6%	$89.0M+40.1%	$63.5M+265.9%	$17.4M-7.6%	$18.8M-36.1%	$29.4M
Cost of Revenue	N/A	$13.0M-70.4%	$44.0M+185.0%	$15.4M-3.6%	$16.0M	N/A
Gross Profit	N/A	$76.0M+288.7%	$19.5M+912.4%	$1.9M-30.6%	$2.8M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	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
Operating Income	-$4.0M-575.3%	$849K+948.5%	-$100K+79.5%	-$488K-134.6%	$1.4M-47.2%	$2.7M
Interest Expense	$369K-18.1%	$450K-42.9%	$789K+99.2%	$396K+5.9%	$374K+0.9%	$371K
Income Tax	$34K-87.2%	$269K+18.7%	$226K+67.0%	$135K-63.0%	$366K-55.4%	$821K
Net Income	-$6.2M+35.4%	-$9.6M-605.2%	$1.9M+302.1%	-$938K-220.0%	$782K-52.4%	$1.6M
EPS (Diluted)	$-1.31+56.0%	$-2.98	$0.73+1316.7%	$-0.06-175.0%	$0.08-55.6%	$0.18

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A

YGMZ Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$90.3M-29.1%	$127.4M+30.9%	$97.3M+27.4%	$76.4M+125.0%	$33.9M+66.5%	$20.4M
Current Assets	$45.0M-46.4%	$83.8M+26.6%	$66.3M+67.3%	$39.6M+31.2%	$30.2M+95.8%	$15.4M
Cash & Equivalents	$698K-81.0%	$3.7M-4.6%	$3.9M+4811.3%	$78K-96.3%	$2.1M+842.1%	$224K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.7M-91.4%	$31.6M+96.1%	$16.1M+341.1%	$3.7M-31.7%	$5.3M-50.9%	$10.9M
Goodwill	N/A	N/A	$14.2M0.0%	$14.2M	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
Current Liabilities	$45.0M-45.6%	$82.7M+73.0%	$47.8M+39.3%	$34.3M+174.4%	$12.5M+27.0%	$9.8M
Long-Term Debt	$595K+391.1%	$121K-52.2%	$253K+41.3%	$179K-51.8%	$372K-66.8%	$1.1M
Total Equity	$44.8M+0.4%	$44.6M-7.4%	$48.1M+15.4%	$41.7M+95.9%	$21.3M+112.2%	$10.0M
Retained Earnings	-$1.3M-126.2%	$4.9M-36.4%	$7.7M+29.9%	$5.9M-14.1%	$6.9M+10.7%	$6.2M

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$90.3M-19.2%	$111.8M-12.2%	$127.4M+30.9%	$97.3M+27.4%	$76.4M+125.0%	$33.9M+66.5%	$20.4M
Current Assets	$45.0M-32.7%	$66.8M-20.3%	$83.8M+26.6%	$66.3M+67.3%	$39.6M+31.2%	$30.2M+95.8%	$15.4M
Cash & Equivalents	$698K-45.4%	$1.3M-65.2%	$3.7M-4.6%	$3.9M+4811.3%	$78K-96.3%	$2.1M+842.1%	$224K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.7M-83.0%	$16.0M-49.5%	$31.6M+96.1%	$16.1M+341.1%	$3.7M-31.7%	$5.3M-50.9%	$10.9M
Goodwill	N/A	N/A	N/A	$14.2M0.0%	$14.2M	N/A	N/A
Total Liabilities	$45.6M-36.4%	$71.7M-13.4%	$82.8M+68.3%	$49.2M+41.9%	$34.7M+173.8%	$12.7M+22.3%	$10.4M
Current Liabilities	$45.0M-36.8%	$71.1M-13.9%	$82.7M+73.0%	$47.8M+39.3%	$34.3M+174.4%	$12.5M+27.0%	$9.8M
Long-Term Debt	$595K	N/A	$121K-52.2%	$253K+41.3%	$179K-51.8%	$372K-66.8%	$1.1M
Total Equity	$44.8M+11.5%	$40.1M-9.9%	$44.6M-7.4%	$48.1M+15.4%	$41.7M+95.9%	$21.3M+112.2%	$10.0M
Retained Earnings	-$1.3M+73.7%	-$4.9M-199.9%	$4.9M-36.4%	$7.7M+29.9%	$5.9M-14.1%	$6.9M+10.7%	$6.2M

YGMZ Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$2.6M+74.3%	-$10.1M-154.9%	-$4.0M+83.4%	-$23.8M-2571.8%	-$890K-179.7%	$1.1M
Capital Expenditures	$104K	N/A	$12K-93.9%	$199K+27.8%	$156K-83.0%	$917K
Free Cash Flow	-$2.7M	N/A	-$4.0M+83.5%	-$24.0M-2192.4%	-$1.0M-622.8%	$200K
Investing Cash Flow	-$580K-745.2%	$90K-96.7%	$2.7M+113.4%	$1.3M+918.8%	-$156K+83.0%	-$917K
Financing Cash Flow	$491K-94.3%	$8.6M+978.2%	$793K-95.2%	$16.7M+35.3%	$12.3M+1661.1%	-$789K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A

YGMZ Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	85.4%+54.6pp	30.8%+19.7pp	11.1%-3.7pp	14.8%	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%
Net Margin	-15.3%-4.5pp	-10.8%-13.8pp	3.0%+8.4pp	-5.4%-9.6pp	4.2%-1.4pp	5.6%
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%
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%
Current Ratio	1.00-0.0	1.01-0.4	1.39+0.2	1.15-1.3	2.42+0.8	1.57
Debt-to-Equity	0.01+0.0	0.000.0	0.010.0	0.00-0.0	0.02-0.1	0.11
FCF Margin	-6.7%	N/A	-6.2%+131.9pp	-138.2%-132.6pp	-5.6%-6.3pp	0.7%

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.00+0.1	0.94-0.1	1.01-0.4	1.39+0.2	1.15-1.3	2.42+0.8	1.57
Debt-to-Equity	0.01-1.8	1.79+1.8	0.000.0	0.010.0	0.00-0.0	0.02-0.1	0.11
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (1.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Mingzhu Logistics Hldgs Ltd's annual revenue?

Mingzhu Logistics Hldgs Ltd (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 Hldgs Ltd's revenue growing?

Mingzhu Logistics Hldgs Ltd (YGMZ) revenue declined by 54.6% year-over-year, from $89.0M to $40.4M in fiscal year 2024.

Is Mingzhu Logistics Hldgs Ltd profitable?

No, Mingzhu Logistics Hldgs Ltd (YGMZ) reported a net income of -$6.2M in fiscal year 2024, with a net profit margin of -15.3%.

What is Mingzhu Logistics Hldgs Ltd's EBITDA?

Mingzhu Logistics Hldgs Ltd (YGMZ) had EBITDA of -$3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Mingzhu Logistics Hldgs Ltd have?

As of fiscal year 2024, Mingzhu Logistics Hldgs Ltd (YGMZ) had $698K in cash and equivalents against $595K in long-term debt.

What is Mingzhu Logistics Hldgs Ltd's operating margin?

Mingzhu Logistics Hldgs Ltd (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 Hldgs Ltd's net profit margin?

Mingzhu Logistics Hldgs Ltd (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 Hldgs Ltd's return on equity (ROE)?

Mingzhu Logistics Hldgs Ltd (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 Hldgs Ltd's free cash flow?

Mingzhu Logistics Hldgs Ltd (YGMZ) generated -$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 Hldgs Ltd's operating cash flow?

Mingzhu Logistics Hldgs Ltd (YGMZ) generated -$2.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Mingzhu Logistics Hldgs Ltd's total assets?

Mingzhu Logistics Hldgs Ltd (YGMZ) had $90.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Mingzhu Logistics Hldgs Ltd's capital expenditures?

Mingzhu Logistics Hldgs Ltd (YGMZ) invested $104K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Mingzhu Logistics Hldgs Ltd have outstanding?

Mingzhu Logistics Hldgs Ltd (YGMZ) had 7M shares outstanding as of fiscal year 2024.

What is Mingzhu Logistics Hldgs Ltd's current ratio?

Mingzhu Logistics Hldgs Ltd (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 Hldgs Ltd's debt-to-equity ratio?

Mingzhu Logistics Hldgs Ltd (YGMZ) had a debt-to-equity ratio of 0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mingzhu Logistics Hldgs Ltd's return on assets (ROA)?

Mingzhu Logistics Hldgs Ltd (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 Hldgs Ltd's cash runway?

Based on fiscal year 2024 data, Mingzhu Logistics Hldgs Ltd (YGMZ) had $698K in cash against an annual operating cash burn of $2.6M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Mingzhu Logistics Hldgs Ltd's Altman Z-Score?

Mingzhu Logistics Hldgs Ltd (YGMZ) has an Altman Z-Score of 0.28, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Mingzhu Logistics Hldgs Ltd's Piotroski F-Score?

Mingzhu Logistics Hldgs Ltd (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 Hldgs Ltd's earnings high quality?

Mingzhu Logistics Hldgs Ltd (YGMZ) has an earnings quality ratio of 0.42x, considered low quality (accrual-driven). 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 Hldgs Ltd cover its interest payments?

Mingzhu Logistics Hldgs Ltd (YGMZ) has an interest coverage ratio of -10.9x, meaning it can struggle to cover its interest obligations. 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.

How financially healthy is Mingzhu Logistics Hldgs Ltd?

Mingzhu Logistics Hldgs Ltd (YGMZ) scores 32 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.