MingZhu Logistics Holdings Ltd (YGMZ)
0.3599
+0.01
(+4.05%)
USD |
NASDAQ |
May 17, 16:00
0.3599
0.00 (0.00%)
After-Hours: 20:00
MingZhu Logistics Holdings Debt to Equity Ratio: 0.4573 for Dec. 31, 2023
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| December 31, 2023 | 0.4573 |
| June 30, 2023 | 0.3089 |
| December 31, 2022 | 0.212 |
| June 30, 2022 | 0.1506 |
| Date | Value |
|---|---|
| December 31, 2021 | 0.1961 |
| June 30, 2021 | 0.1728 |
| December 31, 2020 | 0.3254 |
| June 30, 2020 | 0.3767 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
0.1506
Minimum
Jun 2022
0.4573
Maximum
Dec 2023
0.275
Average
0.2605
Median
Debt to Equity Ratio Benchmarks
| CBAK Energy Technology Inc | 0.3015 |
| Hollysys Automation Technologies Ltd | 0.0515 |
| Antelope Enterprise Holdings Ltd | 0.1603 |
| Addentax Group Corp | 0.1108 |
| EHang Holdings Ltd | 0.3866 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 127.35M |
| Total Liabilities (Quarterly) | 82.80M |
| Shareholders Equity (Quarterly) | 44.56M |
| Current Ratio | 1.014 |
| Net Debt Paydown Yield | -32.84% |