MingZhu Logistics Holdings (MingZhu Logistics Holdings) Interest Expense : $-1.2 Mil (TTM As of Jun. 2023)

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What is MingZhu Logistics Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MingZhu Logistics Holdings's interest expense for the six months ended in Jun. 2023 was $ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-1.2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MingZhu Logistics Holdings's Operating Income for the six months ended in Jun. 2023 was $ -0.9 Mil. MingZhu Logistics Holdings's Interest Expense for the six months ended in Jun. 2023 was $ -0.4 Mil. MingZhu Logistics Holdings did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MingZhu Logistics Holdings Interest Expense Historical Data

The historical data trend for MingZhu Logistics Holdings's Interest Expense 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.

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MingZhu Logistics Holdings Interest Expense Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.36

-0.37

-0.40

-1.43

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial						-0.24	-0.16	-0.65	-0.78	-0.41

MingZhu Logistics Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.2 Mil.

MingZhu Logistics Holdings (NAS:YGMZ) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MingZhu Logistics Holdings's Interest Expense for the six months ended in Jun. 2023 was $-0.4 Mil. Its Operating Income for the six months ended in Jun. 2023 was $-0.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $1.0 Mil.

MingZhu Logistics Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

MingZhu Logistics Holdings did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Interest Expense

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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.