Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data MingZhu Logistics Holdings Ltd files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
Revenue
27.6
29.4
18.8
17.4
63.5
89
40.4
Cost of revenue
16
15.4
105
13
Gross profit
2.78
1.93
-41.3
76
Selling and marketing
0.07
0.08
0.05
0.37
0.11
0.36
0.41
General and administrative
1.15
1.3
1.32
2.05
2.71
1.87
4.42
Operating income
4.03
2.68
1.41
-0.49
-0.1
0.85
-4.03
Interest expense
0.36
0.37
0.37
0.4
0.79
0.45
0.37
Other non-operating income
-0.32
0.27
-0.22
-2.14
Pre-tax income
3.86
2.46
1.15
0.8
0.17
0.63
-6.15
Income tax
1.01
0.82
0.37
0.14
0.23
0.27
0.03
Income from continuing operations
-0.94
-0.06
0.37
-6.19
Net income
2.85
1.64
0.78
-0.94
1.9
-9.58
-6.19
EBITDA
5.41
4.04
2.93
0.95
2.09
1.73
-3.23
EPS, basic
72,999,990.00
1.46
0.65
0.41
0.71
-2.98
-1.31
EPS, diluted
2.60
1.46
0.65
-0.49
0.73
-2.98
-1.31
Shares, basic (weighted)
1.11
1.11
1.19
2.35
2.68
3.21
4.73
Shares, diluted (weighted)
0
1.11
1.19
1.88
2.61
3.21
4.73
Balance sheet
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
Cash and equivalents
0.81
0.22
2.11
0.08
3.85
3.68
0.7
Receivables
10.9
5.34
3.65
16.1
31.6
2.71
Other current assets
1.93
11.4
22.5
28.6
17.3
12.5
Total current assets
15.4
30.2
39.6
66.3
83.8
45
Property, plant and equipment
4.6
3.45
12.2
1.46
1.46
0.73
Goodwill
14.2
14.2
Other non-current assets
2.28
Total assets
20.4
33.9
76.4
97.3
127
90.3
Accounts payable
1.57
1.42
1.34
6.93
18.4
4.55
Short-term debt
1.12
6.55
0.27
0.59
0.39
0.43
Total current liabilities
9.84
12.5
34.3
47.8
82.7
45
Long-term debt
0.18
0.25
0.12
0.59
Total liabilities
10.4
12.7
34.7
49.2
82.8
45.6
Total debt
1.12
0.37
0.14
0.84
0.51
3.71
Paid-in capital
4.12
13.8
35.8
41.7
41.2
47.9
Retained earnings
6.24
6.91
5.93
7.7
4.9
-1.29
Other comprehensive income
-0.25
0.5
-0.14
-1.55
-1.64
-1.92
Shareholders' equity
8.51
10
21.3
41.7
48.1
44.6
44.8
Total equity
8.51
10
21.3
41.7
48.1
44.6
44.8
Total liabilities and equity
20.4
33.9
76.4
97.3
127
90.3
Shares outstanding
1.11
1.52
2.36
23
3.44
6.68
Cash flow statement
FY2018
FY2020
FY2020
FY2021
FY2022
FY2023
FY2024
Net income
2.85
1.64
0.78
-0.94
1.9
-9.58
-6.19
Depreciation and amortization
1.37
1.37
1.52
1.44
2.19
0.88
0.8
Deferred income tax
0
0
-0.01
-0
-0.19
-0.12
Change in receivables
-0.07
-3.65
5.84
1.63
-0.37
-15.1
9.92
Change in payables
-0.8
0.74
-0.24
-0.87
1.69
11.1
-13.9
Cash from operations
3.8
1.12
-0.89
-23.8
-3.95
-10.1
-2.59
Capital expenditures
-0.11
-0.92
-0.16
-0.2
-0.01
-0.1
Acquisitions
-22
Cash from investing
-0.02
-0.92
-0.16
1.28
2.73
0.09
-0.58
Debt issued
1.36
0.64
0.47
0.44
0.24
0.72
Cash from financing
-3.3
-0.79
12.3
16.7
0.79
8.55
0.49
Exchange rate effect
-0.03
0
0.11
-0.01
0.37
-0.25
-0.3
Net change in cash
0.46
-0.58
11.4
-5.85
-0.06
-1.68
-2.98
Free cash flow
3.69
0.2
-1.05
-24
-3.97
-2.7
Interest paid
0.35
0.37
0.31
0.4
0.29
0.61
0.24
Income taxes paid
0.63
0.04
0.11
3
0.08
0.2
0.18
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $0.00 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-10.0%
Operating income / revenue.
EBITDA margin
-8.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-15.2%
Pre-tax income / revenue.
Net margin
-15.3%
Net income / revenue.
FCF margin
-6.7%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-6.4%
Cash from operations / revenue.
Return on equity (ROE)
-13.9%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-5.7%
Net income / average total assets.
Return on invested capital (ROIC)
-7.1%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Capex / revenue
0.3%
Capital expenditures / revenue.
D&A / revenue
2.0%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
-54.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
32.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
6.6%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y
-575.3%
Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y
-287.0%
EBITDA vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
0.4%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
2.4%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
34.9%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-29.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
5.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
34.7%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
47.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
36.1%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
33.7%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.00x
Current assets / current liabilities.
Quick ratio
0.08x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.02x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.08x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
4.1%
Total debt / total assets.
Liabilities / assets
50.5%
Total liabilities / total assets.
Net debt
$3.0M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
-$1.31
Net income per basic share, as reported (split-adjusted).
Revenue per share
$8.54
Revenue / diluted weighted shares.
FCF per share
-$0.57
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.55
Cash from operations / diluted weighted shares.
Book value per share
$6.70
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
0.00x
Market cap / revenue.
P/B
0.00x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.00x
Market cap / tangible book value, when positive.
EV/Sales
0.08x
Enterprise value / revenue.
FCF yield
-1,353.0%
Free cash flow / market cap.
Earnings yield
-3,104.0%
Net income / market cap (the inverse of P/E).
What was MingZhu Logistics Holdings Ltd's revenue in fiscal 2024?
MingZhu Logistics Holdings Ltd reported revenue of $40.4M for fiscal 2024, 54.6% lower than the year before.
Was MingZhu Logistics Holdings Ltd profitable in fiscal 2024?
No. It reported a net loss of $6.2M.
How much free cash flow did MingZhu Logistics Holdings Ltd generate in fiscal 2024?
Cash from operations of $2.6M minus capital expenditures of $104.0K left free cash flow of -$2.7M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.