Regardless of the sequential decrease in Current Liabilities, during the fourth quarter 2024, Quick Ratio deteriorated to 0 a new company low.

Within Personal Services industry 41 other companies have achieved higher Quick Ratio than Mingzhu Logistics Holdings Limited in fourth quarter 2024. While Quick Ratio total ranking in the fourth quarter 2024 has deteriorated compared to the prior quarter from 4317 to 5684.

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YGMZ Quick Ratio	(Dec 31 2024) Q4	(Jun 30 2024) Q3	(Dec 31 2023) Q2	0 Q1	0 Q4
Y / Y Current Liabilities Change	-64.84 %	-57.01 %	33.02 %	33.47 %	33.47 %
Y / Y Cash & cash equivalent Change	-96.68 %	-65.21 %	-81.01 %	-35.36 %	-35.36 %
Quick Ratio MRQ	0	0.04	0.01	0.04	0.04
YGMZ's Total Ranking	# 5684	# 4317	#	#	#
Seq. Current Liabilities Change	-18.2 %	-61.22 %	10.86 %	0 %	0 %
Seq. Cash & cash equivalent Change	-90.44 %	40.99 %	-75.33 %	0 %	0 %

Quick Ratio fourth quarter 2024 Company Ranking
Within:	No.
Personal Services Industry	# 42
Services Sector	# 754
Overall Market	# 5684

Quick Ratio Statistics
High	Average	Low
2.8	0.27	0
(Dec 31 2020)		(Dec 31 2024)

Financial Statements
Mingzhu Logistics Holdings Limited's Current Liabilities	$ 29 Millions	Visit YGMZ's Balance sheet
Mingzhu Logistics Holdings Limited's Cash & cash equivalent	$ 0 Millions	Visit YGMZ's Balance sheet
Source of YGMZ's Sales		Visit YGMZ's Sales by Geography

Cumulative Mingzhu Logistics Holdings Limited's Quick Ratio

YGMZ's Quick Ratio for the trailling 12 Months

YGMZ Quick Ratio	(Dec 31 2024) 12 Months	(Jun 30 2024) 12 Months	(Dec 31 2023) 12 Months	0 12 Months	0 12 Months
Y / Y Current Liabilities TTM Growth	-19.33 %	6.2 %	34.19 %	27.66 %	34.25 %
Y / Y Cash & cash equivalent TTM Growth	-66.41 %	-51.89 %	-45.34 %	-52.31 %	-46.35 %
Quick Ratio TTM	0.03	0.03	0.04	0.05	0.06
Total Ranking TTM	# 4192	# 4065	#	#	#
Seq. Current Liabilities TTM Growth	-18.32 %	-13.88 %	7.18 %	7 %	7.53 %
Seq. Cash & cash equivalent TTM Growth	-37.26 %	-20.09 %	-24.48 %	-11.29 %	-10.14 %

Quick ratio ranking by company, industry and sector >> Back to YGMZ Financial Strength Comparisons >> Go to Compare YGMZ Quick Ratio to its Competitors

On the trailing twelve months basis In spite of the year on year decrease in YGMZ's Current Liabilities to $29.07 millions, cumulative Quick Ratio to 0.03 below the YGMZ average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Personal Services industry 35 other companies have achieved higher Quick Ratio than Mingzhu Logistics Holdings Limited. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 4065 to 4192.

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How much Cash & cash equivalents YGMZ�s has?
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TTM Quick Ratio Company Ranking
Within:	No.
Within the Personal Services Industry	# 36
Services Sector	# 598
Within the Market	# 4192

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.17	0.1	0.04
(Dec 31 2021)		(Dec 31 2023)

Companies with similar Quick Ratio in the quarter ending Dec 31 2024, within Personal Services Industry	Quick Ratio	Dec 31 2024 MRQ Cash & cash equivalent	Dec 31 2024 MRQ Current Liabilities
Mingzhu Logistics Holdings Limited	0.00	$ 0.122 Millions	$ 29.073 Millions
OZ VISION INC.	0.00	$ 0.002 Millions	$ 1.100 Millions

Date modified: 2026-09-08T15:11:16+00:00

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