MingZhu Logistics Holdings (YGMZF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for FY2024, filed May 15, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the YGMZF SEC filings page.
MingZhu Logistics Holdings (YGMZF) 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.
FY2024 shows a smaller, cash-draining operation whose overhead remained too heavy for its reduced sales base.
The key earnings-quality gap is that FY2024's net loss was$6.2M , more than twice the operating cash outflow of$2.6M . That difference suggests reported earnings included noncash or below-operating effects, while the immediate cash pressure was less severe than the headline loss.
Revenue fell
The liquidity cushion was thin: the current ratio was 1.0x in FY2024, down from 1.4x in FY2022, leaving little excess current-asset coverage. Liabilities improved to
Financial Health Signals
We do not publish a peer-relative financial health score for MingZhu Logistics Holdings, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
MingZhu Logistics Holdings scores 0.28, below the 1.81 distress threshold. The score is pulled down most by an operating loss of $4.0M against total assets of $90.3M. 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.
MingZhu Logistics Holdings 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 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 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 generated $40.4M in revenue in fiscal year 2024. This represents a decrease of 54.6% from the prior year.
MingZhu Logistics Holdings'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 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 earned -$1.31 per diluted share (EPS) in fiscal year 2024.
Cash & Balance Sheet
MingZhu Logistics Holdings recorded an outflow of $2.7M in free cash flow in fiscal year 2024, representing a cash shortfall after capex.
MingZhu Logistics Holdings 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'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'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'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 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.
YGMZF 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 | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing |
|---|---|---|---|---|---|---|---|
| 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 | $4.8M+116.9% | $2.2M-21.0% | $2.8M+16.4% | $2.4M+76.3% | $1.4M-0.4% | $1.4M+13.5% | $1.2M |
| 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.
YGMZF 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 | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing |
|---|---|---|---|---|---|---|---|
| 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 |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| 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 |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| 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: Inventory.
YGMZF 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 | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing |
|---|---|---|---|---|---|---|---|
| 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.
YGMZF 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 | FY24Filing | FY23Filing | FY22Filing | FY21Filing | FY20Filing | FY19Filing | FY18Filing |
|---|---|---|---|---|---|---|---|
| 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.
Where MingZhu Logistics Holdings Ranks
Frequently Asked Questions
MingZhu Logistics Holdings (YGMZF) 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.
MingZhu Logistics Holdings (YGMZF) revenue declined by 54.6% year-over-year, from $89.0M to $40.4M in fiscal year 2024.
No, MingZhu Logistics Holdings (YGMZF) reported a net loss of $6.2M in fiscal year 2024, with a net profit margin of -15.3%.
MingZhu Logistics Holdings (YGMZF) had EBITDA of -$3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2024, MingZhu Logistics Holdings (YGMZF) had $698K in cash and equivalents against $595K in long-term debt.
MingZhu Logistics Holdings (YGMZF) had an operating margin of -10.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
MingZhu Logistics Holdings (YGMZF) had a net profit margin of -15.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
MingZhu Logistics Holdings (YGMZF) has a return on equity of -13.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
MingZhu Logistics Holdings (YGMZF) 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.
MingZhu Logistics Holdings (YGMZF) recorded an outflow of $2.6M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
MingZhu Logistics Holdings (YGMZF) had $90.3M in total assets as of fiscal year 2024, including both current and long-term assets.
MingZhu Logistics Holdings (YGMZF) invested $104K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
MingZhu Logistics Holdings (YGMZF) had a current ratio of 1.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
MingZhu Logistics Holdings (YGMZF) 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.
MingZhu Logistics Holdings (YGMZF) 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.
MingZhu Logistics Holdings (YGMZF) had a return on assets of -6.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
MingZhu Logistics Holdings (YGMZF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $176K as of Nov 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
MingZhu Logistics Holdings (YGMZF) trades at 0.0x sales, its market capitalization divided by $40.4M revenue, FY2024. The market capitalization is $176K as of Nov 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2024, MingZhu Logistics Holdings (YGMZF) held $698K in cash, cash equivalents and investments, and reported an operating cash outflow of $2.6M over that year. Dividing the one by the other, the reported balance equals about 3 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
MingZhu Logistics Holdings (YGMZF) 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.
MingZhu Logistics Holdings (YGMZF) 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.
MingZhu Logistics Holdings (YGMZF) 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.
MingZhu Logistics Holdings (YGMZF) 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.