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. 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 (YGMZ) Financials

YGMZ

FY2024 annual

Revenue $40.4M -54.6% YoY

Net Income -$6.2M +35.4% YoY

EPS (Diluted) -$1.31 YoY not available

Free Cash Flow -$2.7M YoY not available

Source SEC Filings (10-K/10-Q) Latest period FY2024, ended Dec 31, 2024 Reported May 15, 2025 Currency USD FYE December

Mingzhu Logistics Hldgs Ltd (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).

Rhea AI YGMZ FY2024 2026-08-30

MingZhu’s dominant mechanic is shrinking scale, cash-backed losses, and a balance sheet increasingly tight on current obligations.

FY2024 operating cash flow was -$2.6M and free cash flow was -$2.7M, showing little incremental capital-spending gap. Paired with a net loss of -$6.2M, the reported losses were accompanied by cash consumption rather than being mainly offset by non-cash accounting effects.

Revenue fell from $89.0M in FY2023 to $40.4M in FY2024, indicating a material contraction in operating scale. The operating margin also shifted from 1.0% to -10.0%, suggesting reduced volume left costs less absorbed rather than merely slowing growth.

The FY2024 current ratio was 1.0x, alongside current liabilities of $45.0M, leaving little reported current-asset cushion. Yet reported debt-to-equity stayed near zero, so the balance-sheet pressure appears concentrated in short-term obligations rather than conventional long-term borrowing.

Financial Health Signals

Financial health score not available

Mingzhu Logistics Hldgs Ltd 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.

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 No Cash Backing

N/A

Mingzhu Logistics Hldgs Ltd 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.

Interest Coverage At Risk

N/A

Mingzhu Logistics Hldgs Ltd 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

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Earnings & Revenue

None of these metrics is reported for Q4 2024.

Cash & Balance Sheet

Cash & Debt

$698K

YoY-81.0%

QoQ-45.4%

Mingzhu Logistics Hldgs Ltd held $698K in cash against $595K in long-term debt as of Q4 2024, with $45.0M of liabilities due within a year.

Shares Outstanding

Mingzhu Logistics Hldgs Ltd had 7M shares outstanding in Q4 2024.

Free Cash Flow

Not reported for Q4 2024.

Dividends Per Share

Not reported for Q4 2024.

Margins & Returns

None of these metrics is reported for Q4 2024.

Capital Allocation

None of these metrics is reported for Q4 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.

YGMZ quarterly income statement

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%	$849K+948.5%	-$100K+79.5%	-$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	-$6.2M+35.4%	-$9.6M-605.2%	$1.9M+302.1%	-$938K-220.0%	$782K-52.4%	$1.6M-42.5%	$2.9M
EPS (Basic)	-$1.31+56.0%	-$2.98-519.7%	$0.71+1320.0%	$0.05-37.5%	$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%	9M	0

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

YGMZ Balance Sheet

YGMZ quarterly balance sheet

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

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$90.3M-29.1%	$111.8M	$127.4M+30.9%	$97.3M+27.4%	$76.4M+125.0%	$33.9M+66.5%	$20.4M
Current Assets	$45.0M-46.4%	$66.8M	$83.8M+26.6%	$66.3M+67.3%	$39.6M+31.2%	$30.2M+95.8%	$15.4M
Cash & Equivalents	$698K-81.0%	$1.3M	$3.7M-4.6%	$3.9M+4811.3%	$78K-96.3%	$2.1M+842.1%	$224K
Accounts Receivable	$2.7M-91.4%	$16.0M	$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-45.0%	$71.7M	$82.8M+68.3%	$49.2M+41.9%	$34.7M+173.8%	$12.7M+22.3%	$10.4M
Current Liabilities	$45.0M-45.6%	$71.1M	$82.7M+73.0%	$47.8M+39.3%	$34.3M+174.4%	$12.5M+27.0%	$9.8M
Non-Current Liabilities	$595K+391.1%	$514K	$121K-91.4%	$1.4M+271.5%	$380K+131.2%	$164K-68.3%	$518K
Long-Term Debt	$595K+391.1%	N/A	$121K-52.2%	$253K+41.3%	$179K-51.8%	$372K-66.8%	$1.1M
Total Equity	$44.8M+0.4%	$40.1M	$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	$4.9M-36.4%	$7.7M+29.9%	$5.9M-14.1%	$6.9M+10.7%	$6.2M

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.

YGMZ Cash Flow Statement

YGMZ quarterly cash flow statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$2.6M+74.3%	-$10.1M-154.9%	-$4.0M+83.4%	-$23.8M-2571.8%	-$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	-$4.0M+83.5%	-$24.0M-2192.4%	-$1.0M-622.8%	$200K-94.6%	$3.7M
Investing Cash Flow	-$580K-745.2%	$90K-96.7%	$2.7M+113.4%	$1.3M+918.8%	-$156K+83.0%	-$917K-5456.3%	-$17K
Financing Cash Flow	$491K-94.3%	$8.6M+978.2%	$793K-95.2%	$16.7M+35.3%	$12.3M+1661.1%	-$789K+76.1%	-$3.3M

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, 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.

YGMZ quarterly financial ratios

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
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%

Metric	Q4'24	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19
Current Ratio	1.000.0x	0.94	1.01-0.4x	1.39+0.2x	1.15-1.3x	2.42+0.8x	1.57
Debt-to-Equity	0.010.0x	1.79	0.000.0x	0.010.0x	0.000.0x	0.02-0.1x	0.11

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, 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 Hldgs Ltd YGMZ	FY2024	$40.4M	-$6.2M	-15.3%	N/A	—
Toppoint Holdings Inc. TOPP	FY2025	$16.5M	-$7.3M	-44.4%	$3.4M	36/100
PAMT CORP PAMT	FY2025	$598.1M	-$52.6M	-8.8%	$275.4M	16/100
Arcbest Corp ARCB	FY2025	$4.0B	$60.1M	1.5%	$3.2B	43/100
Heartland Expr HTLD	FY2025	$805.7M	-$52.5M	-6.5%	$962.0M	22/100

Where Mingzhu Logistics Hldgs Ltd Ranks

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) 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 Hldgs Ltd's operating cash flow?

Mingzhu Logistics Hldgs Ltd (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 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 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) 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 Hldgs Ltd cover its interest payments?

Mingzhu Logistics Hldgs Ltd (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.