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MingZhu Logistics Holdings Limited Balance Sheet 2024-2011 | YGMZ
Brief balance sheet overview of MingZhu Logistics Holdings Limited
This overview follows the five latest available annual observations between 2019 and 2024.
Assets advanced +343.1% to $90.3 million from $20.4 million; annual growth near 34.7% reflects a fast increase in scale.
Assets and liabilities changed at similar rates, +343.1% and +340%. The funding mix did not shift sharply.
Equity represents 49.5% of assets versus 49.2% initially. The capital structure appears balanced.
Net debt is $324.6 thousand, or 0.01x of equity. This is a conservative debt position.
Cash equals 0.8% of the balance sheet, compared with 1.1% five periods ago. This is the readily available cushion.
The accumulated result is -$1.3 million and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.
Overall picture
MingZhu Logistics Holdings Limited's balance sheet sends more positive than negative signals, but liabilities should not begin outpacing the capital base.
Annual Balance Sheet MingZhu Logistics Holdings Limited
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
325 K | -3.16 M | - | 370 K | -11.2 M | 132 K | 1.87 M | 5.27 M | - | - | - | - | - | - |
Long Term Debt |
595 K | 121 K | - | 179 K | 372 K | 356 K | 1.13 M | - | - | - | - | - | - | - |
Long Term Debt Current |
428 K | 391 K | - | 269 K | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
595 K | 121 K | - | 380 K | 164 K | 518 K | 1.86 M | 638 K | - | - | - | - | - | - |
Total Current Liabilities |
45 M | 82.7 M | - | 34.3 M | 12.5 M | - | - | - | - | - | - | - | - | - |
Total Liabilities |
45.6 M | 82.8 M | - | 34.7 M | 12.7 M | 10.4 M | 7.38 M | 12.3 M | - | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | 50.7 K | 19.7 K | - | - | - | - | - | - |
Retained Earnings |
-1.29 M | 4.9 M | - | 5.93 M | 6.91 M | 6.24 M | 4.82 M | 2.25 M | - | - | - | - | - | - |
Total Assets |
90.3 M | 127 M | - | 82.3 M | 33.9 M | 20.4 M | 15.9 M | 17.3 M | - | - | - | - | - | - |
Cash and Cash Equivalents |
698 K | 3.68 M | 3.85 M | 78.5 K | 11.6 M | 224 K | 808 K | - | - | - | - | - | - | - |
Book Value |
44.8 M | 44.6 M | - | 47.7 M | 21.3 M | 10 M | 8.51 M | 5.04 M | - | - | - | - | - | - |
Total Shareholders Equity |
44.8 M | 44.6 M | 48.1 M | 47.7 M | 21.3 M | 10 M | 8.51 M | - | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet MingZhu Logistics Holdings Limited
| 2024-Q4 | 2024-Q2 | 2023-Q4 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
595 K | - | 121 K | - | - | - | - | 179 K | - | - | - | 372 K | - | - | - | 1.12 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
595 K | 514 K | 121 K | - | - | - | - | 380 K | - | - | - | 164 K | - | - | - | 518 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
45.6 M | 71.7 M | 82.8 M | - | - | - | - | 34.7 M | - | - | - | 12.7 M | - | - | - | 10.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-1.29 M | -4.9 M | 4.9 M | - | - | - | - | 5.93 M | - | - | - | 6.91 M | - | - | - | 6.24 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
90.3 M | 112 M | 127 M | - | - | - | - | 82.3 M | - | - | - | 33.9 M | - | - | - | 20.4 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
698 K | 1.28 M | 3.68 M | 3.85 M | - | - | - | 78.5 K | - | - | - | 2.11 M | - | - | - | 224 K | - | - | - | 808 K | - | - | - | 353 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
44.8 M | 40.1 M | 44.6 M | - | - | - | - | 47.7 M | - | - | - | 21.3 M | - | - | - | 10 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
44.8 M | 40.1 M | 44.6 M | 48.1 M | - | - | - | 47.7 M | - | - | - | 21.3 M | - | - | - | 10 M | - | - | - | 8.51 M | - | - | - | 5.04 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of MingZhu Logistics Holdings Limited, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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