Mingzhu Logistics Holdings Ltd (YGMZ) — Working Capital to Net Assets Ratio
Mingzhu Logistics Holdings Ltd (YGMZ) has a Working Capital to Net Assets ratio of 78.4% as of June 2025. Working capital of $61.70 Million (current assets of $84.09 Million minus current liabilities of $22.39 Million) is measured against net assets of $78.69 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Mingzhu Logistics Holdings Ltd leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Mingzhu Logistics Holdings Ltd Working Capital to Net Assets (2017–2024)
This chart shows how Mingzhu Logistics Holdings Ltd's Working Capital to Net Assets ratio has evolved across 8 annual periods from 2017 to 2024. As of June 2025, the ratio stands at 78.4%, reflecting working capital of $61.70 Million against net assets of $78.69 Million USD. See YGMZ defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Mingzhu Logistics Holdings Ltd (2017–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Mingzhu Logistics Holdings Ltd from 2017 to 2024, covering 8 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Mingzhu Logistics Holdings Ltd market cap and net worth.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 0.0% | $-10.61K | $44.75 Million | $44.97 Million | $44.98 Million | ▼ -2.6 pp |
| 2023 | 2.6% | $1.17 Million | $44.56 Million | $83.84 Million | $82.68 Million | ▼ -35.8 pp |
| 2022 | 38.4% | $18.47 Million | $48.10 Million | $66.25 Million | $47.79 Million | ▲ +27.3 pp |
| 2021 | 11.1% | $5.31 Million | $47.67 Million | $39.61 Million | $34.30 Million | ▼ -72.0 pp |
| 2020 | 83.2% | $17.70 Million | $21.27 Million | $30.20 Million | $12.50 Million | ▲ +27.5 pp |
| 2019 | 55.7% | $5.58 Million | $10.03 Million | $15.43 Million | $9.84 Million | ▼ -3.7 pp |
| 2018 | 59.4% | $5.05 Million | $8.51 Million | $10.57 Million | $5.52 Million | ▲ +62.3 pp |
| 2017 | -2.9% | $-147.05K | $5.04 Million | $11.47 Million | $11.62 Million | — |