MingZhu Logistics Holdings (MingZhu Logistics Holdings) Equity-to-Asset : 0.41 (As of Jun. 2023)

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What is MingZhu Logistics Holdings Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MingZhu Logistics Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $46.4 Mil. MingZhu Logistics Holdings's Total Assets for the quarter that ended in Jun. 2023 was $114.3 Mil. Therefore, MingZhu Logistics Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2023 was 0.41.

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

YGMZ' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.29 Med: 0.54 Max: 0.77
Current: 0.41

During the past 6 years, the highest Equity to Asset Ratio of MingZhu Logistics Holdings was 0.77. The lowest was 0.29. And the median was 0.54.

YGMZ's Equity-to-Asset is ranked worse than
60.78% of 979 companies
in the Transportation industry
Industry Median: 0.49 vs YGMZ: 0.41

MingZhu Logistics Holdings Equity-to-Asset Historical Data

The historical data trend for MingZhu Logistics Holdings's Equity-to-Asset 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 Equity-to-Asset Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Equity-to-Asset

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0.54

0.49

0.63

0.55

0.43

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Equity-to-Asset	Get a 7-Day Free Trial						0.77	0.55	0.60	0.43	0.41

Competitive Comparison of MingZhu Logistics Holdings's Equity-to-Asset

For the Trucking subindustry, MingZhu Logistics Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Transportation Industry

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

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

MingZhu Logistics Holdings Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

MingZhu Logistics Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )	=	Total Stockholders Equity	/	Total Assets
	=	48.102	/	111.457
	=	0.43

MingZhu Logistics Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

Equity to Asset (Q: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	46.365	/	114.303
	=	0.41

MingZhu Logistics Holdings (NAS:YGMZ) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

MingZhu Logistics Holdings Equity-to-Asset Related Terms

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MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

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

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.