MingZhu Logistics Holdings annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
MingZhu Logistics Holdings Debt-to-Equity Ratio Growth & History (YGMZF)
MingZhu Logistics Holdings's debt-to-equity ratio was 0.08 for fiscal 2024.
View full MingZhu Logistics Holdings company overviewMingZhu Logistics Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-12-31 | 0.08 | −0.08 | −49.62% |
| 2023 | 2023-12-31 | 0.16 | −0.05 | −22.37% |
| 2022 | 2022-12-31 | 0.21 | 0.02 | +10.03% |
| 2021 | 2021-12-31 | 0.19 | −0.13 | −40.81% |
| 2020 | 2020-12-31 | 0.33 | −0.05 | −12.45% |
| 2019 | 2019-12-31 | 0.37 | — | — |
MingZhu Logistics Holdings quarterly debt-to-equity ratio
Q4.20
Q4.21
Q4.22
Q4.23
Q2.24
Q4.24
Q2.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2025 | 2025-06-30 | 0.04 | −0.11 | −71.05% |
| Q4 2024 | 2024-12-31 | 0.08 | −0.08 | −49.62% |
| Q2 2024 | 2024-06-30 | 0.15 | — | — |
| Q4 2023 | 2023-12-31 | 0.16 | −0.05 | −22.37% |
| Q4 2022 | 2022-12-31 | 0.21 | 0.02 | +10.03% |
| Q4 2021 | 2021-12-31 | 0.19 | −0.13 | −40.81% |
| Q4 2020 | 2020-12-31 | 0.33 | — | — |
MingZhu Logistics Holdings debt-to-equity ratio trends
Over the last five fiscal years, MingZhu Logistics Holdings's debt-to-equity ratio decreased from 0.37 to 0.08, a change of −0.29. The latest reported quarter, Q2 2025, shows 0.04.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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