MingZhu Logistics Holdings (MingZhu Logistics Holdings) Debt-to-EBITDA : 18.77 (As of Jun. 2023)

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What is MingZhu Logistics Holdings Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

MingZhu Logistics Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $14.8 Mil. MingZhu Logistics Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.0 Mil. MingZhu Logistics Holdings's annualized EBITDA for the quarter that ended in Jun. 2023 was $0.8 Mil. MingZhu Logistics Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 was 18.76.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for MingZhu Logistics Holdings's Debt-to-EBITDA or its related term are showing as below:

YGMZ' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.71 Med: 1.64 Max: 10.32
Current: 8.31

During the past 6 years, the highest Debt-to-EBITDA Ratio of MingZhu Logistics Holdings was 10.32. The lowest was 0.71. And the median was 1.64.

YGMZ's Debt-to-EBITDA is ranked worse than
86.59% of 850 companies
in the Transportation industry
Industry Median: 2.83 vs YGMZ: 8.31

MingZhu Logistics Holdings Debt-to-EBITDA Historical Data

The historical data trend for MingZhu Logistics Holdings's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MingZhu Logistics Holdings Debt-to-EBITDA Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-EBITDA

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0.71

1.24

2.30

10.32

1.66

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-EBITDA	Get a 7-Day Free Trial						4.59	14.62	0.83	4.34	18.77

Competitive Comparison of MingZhu Logistics Holdings's Debt-to-EBITDA

For the Trucking subindustry, MingZhu Logistics Holdings's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MingZhu Logistics Holdings's Debt-to-EBITDA Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MingZhu Logistics Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where MingZhu Logistics Holdings's Debt-to-EBITDA falls into.

MingZhu Logistics Holdings Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

MingZhu Logistics Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(11.366	+	1.412)	/	7.701
	=	1.66

MingZhu Logistics Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(14.763	+	0.962)	/	0.838
	=	18.76

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Jun. 2023) EBITDA data.

MingZhu Logistics Holdings (NAS:YGMZ) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

MingZhu Logistics Holdings Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of MingZhu Logistics Holdings's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.