MingZhu Logistics Holdings Limited
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has MingZhu Logistics Holdings Limited's balance sheet done over the years? Its assets were worth $127,354,302 last year, which is more than in the previous period. 65% of MingZhu Logistics Holdings Limited’s total assets is currently financed by debt. Its liabilities reached the amount of $82,797,349, which means an increase by 31% compared compared to last year.
Debt to Assets
| 2017 | 17297480 | 12.25M | 70.86% |
|---|---|---|---|
| 2018 | 15883551 | 7.37M | 46.45% |
| 2019 | 20385800 | 10.35M | 50.82% |
| 2020 | 33939991 | 12.66M | 37.32% |
| 2021 | 82349986 | 34.68M | 42.11% |
| 2022 | 111456855 | 63.35M | 56.84% |
| 2023 | 127354302 | 82.79M | 65.01% |
YGMZ Balance Sheet (2017 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
Assets | |||||||
Current assets: | |||||||
Cash and cash equivalents | 3.67M | 5.68M | 5.75M | 2.10M | 223.50K | 648.10K | 352.74K |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 62.90M | 52.11M | 28.38M | 17.53M | 13.26M | 7.88M | 9.51M |
Inventory | 0 | 1.11M | -24.73M | -12.18M | 104.79K | 4.01K | 173.51K |
Other current assets | 17.26M | 7.33M | 30.20M | 22.74M | 1.93M | 1.86M | 1.43M |
Total current assets | 83.84M | 66.25M | 39.60M | 30.19M | 15.42M | 10.56M | 11.47M |
Non-current assets: | |||||||
Property, Plant and Equipment | 1.46M | 9.07M | 12.22M | 3.44M | 4.59M | 4.98M | 5.43M |
Goodwill | 41.10M | 33.23M | 20.15M | 0 | 0 | 0 | 0 |
Intangible assets | 0 | 33.23M | 14.15M | 0 | 0 | 0 | 0 |
Long term investments | 847.08K | 847.08K | 847.08K | 847.08K | 847.08K | 0 | 5.50M |
Other non-current assets | 1.68M | 1.81M | 9.48M | 261.99K | 344.97K | 304.61K | 367.59K |
Total non-current assets | 44.35M | 45.20M | 42.74M | 3.74M | 4.95M | 5.31M | 5.82M |
Total assets | 127.35M | 111.45M | 82.34M | 33.93M | 20.38M | 15.88M | 17.29M |
Liabilities | |||||||
| Current liabilities: | |||||||
Accounts payable | |||||||
Deferred revenue | 0 | 3.14M | 153.39K | 77.70K | 125.74K | 50.66K | 19.69K |
Short term debt | 20.26M | 11.36M | 10.25M | 6.83M | 4.70M | 2.12M | 4.98M |
Total current liabilities | 82.67M | 61.94M | 34.30M | 12.50M | 9.84M | 5.51M | 11.61M |
| Non-current liabilities: | |||||||
Long term debt | 121.08K | 1.41M | 380.05K | 164.38K | 517.87K | 1.86M | 638.46K |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total non-current liabilities | 121.08K | 1.41M | 380.05K | 164.38K | 517.87K | 1.86M | 638.46K |
Total liabilities | 82.79M | 63.35M | 34.68M | 12.66M | 10.35M | 7.37M | 12.25M |
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