MingZhu Logistics Holdings Limited

MingZhu Logistics Holdings Limitedverified

YGMZ

Price:

$1.145

Market Cap:

$5.47M

MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China. The company serves sizeable logistics companies, freight forwarders, and warehouse operators. As of December 31, 2021, it operated a truckload fleet with 102 tractors and 76 trailers. MingZhu Logistics Holdings Limited was founded was founded in 2002 and is headquartered in Shenzhen, the People's Republic of China.[Read more]

Industry

Trucking

IPO Date

2020-10-21

Stock Exchange

NASDAQ

Ticker

YGMZ

The Current Ratio as of September 2024 (TTM) for MingZhu Logistics Holdings Limited (YGMZ) is 1.01

According to MingZhu Logistics Holdings Limited’s latest financial reports and current stock price. The company's current Current Ratio is 1.01. This represents a change of -1.81% compared to the average of 1.03 of the last 4 quarters.

MingZhu Logistics Holdings Limited (YGMZ) Historical Current Ratio (quarterly & annually)

How has YGMZ Current Ratio performed in the past?

The mean historical Current Ratio of MingZhu Logistics Holdings Limited over the last ten years is 1.45. The current 1.01 Current Ratio has changed 6.91% with respect to the historical average. Over the past ten years (40 quarters), YGMZ's Current Ratio was at its highest in in the March 2021 quarter at 4.07. The Current Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

1.45

Median

1.15

Minimum

0.99

Maximum

2.42

MingZhu Logistics Holdings Limited (YGMZ) Current Ratio by Quarter and Year

Discovering the peaks and valleys of MingZhu Logistics Holdings Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 93.99%

Maximum Annual Current Ratio = 2.42

Minimum Annual Increase = -52.20%

Minimum Annual Current Ratio = 0.99

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.01-5.18%
20221.07-7.38%
20211.15-52.20%
20202.4254.11%
20191.57-18.16%
20181.9293.99%

MingZhu Logistics Holdings Limited (YGMZ) Average Current Ratio

How has YGMZ Current Ratio performed in the past?

The current Current Ratio of MingZhu Logistics Holdings Limited (YGMZ) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.08

5-year avg

1.44

10-year avg

1.45

MingZhu Logistics Holdings Limited (YGMZ) Current Ratio vs. Peers

How is YGMZ’s Current Ratio compared to its peers?

MingZhu Logistics Holdings Limited’s Current Ratio is less than P.A.M. Transportation Services, Inc. (2.05), less than Daseke, Inc. (1.12), greater than U.S. Xpress Enterprises, Inc. (0.71), less than RXO, Inc. (1.17), greater than TFI International Inc. (0.94), less than Marten Transport, Ltd. (1.85), less than Werner Enterprises, Inc. (1.69), less than Covenant Logistics Group, Inc. (1.08), less than Universal Logistics Holdings, Inc. (1.26), less than Schneider National, Inc. (1.59), less than Heartland Express, Inc. (1.23), less than ArcBest Corporation (1.19),

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