Altman Z Score Analysis of Mingzhu Logistics HLDG Ltd. - Deep Dive
Birds's Eye
Fundamentals
Fundamentals
Technicals
MovingAverage
Candlestick
PivotPointLatest FY Altman Z Score
Period Ending - Dec-23
Poor Altman Z Score
0.527
Period Ending - Dec-22
Not Good Altman Z Score
1.28
Growth
-58.84 %
Latest Altman Z Score
Period Ending - 14-Jun-24
Poor Altman Z Score
0.624
Key Inputs in Deriving Altman Z Score
| (Net Working Capital / Total Assets ) * 1.2 ( 0.117 Cr / 12.74 Cr ) * 1.2 | 0.0110 |
| (Retained Earning / Total Assets ) * 1.4 ( 0.490 Cr / 12.74 Cr ) * 1.4 | 0.054 |
| (EBIT / Total Assets ) * 3.3 ( -0.913 Cr / 12.74 Cr ) * 3.3 | -0.237 |
| (Total Revenue / Total Assets ) ( 8.90 Cr / 12.74 Cr ) | 0.699 |
| (Market Cap / Total Liabilities ) *.6 ( 1.33 Cr / 8.28 Cr ) *.6 | 0.097 |
| Altman Z Score | 0.624 |
Altman Z Score Analysis of Mingzhu Logistics HLDG Ltd.
| Altman Z Score Ratio with value of 2.66 was highest in Year Dec-19 in last Five Years. |
| Altman Z Score Ratio with value of 0.373 was lowest in Year Dec-21 in last Five Years. |
| Latest Altman Z Score Ratio with value of 0.527 is lower than Average Altman Z Score of 1.29 in last five years. |
Other Altman Z Score Related Info of YGMZ that may interest you.
Mingzhu Logistics HLDG Ltd. Overview
| Code | Price | Previous Price | Price Change | Sector |
|---|---|---|---|---|
| YGMZ | 0.359 | 0.362 | 0.829 % | Trucking |
Defination of Altman Z Score
Altman Z Score is a widely used metric by analysts and investors to analyze companies' financial position. It indicates that the companies' risks were increasing, and they may have been heading towards bankruptcy. It does not only indicate whether companies are moving towards bankruptcy, but it also indicates how financially stable and healthy they are. more ..
Altman Z Score Related Ratios
| PiotroskiFScore | DebtToEquityRatio |
Tsr Stability Index
| Very Low Stability Stock | |
FY - Historical Altman Z Score of Mingzhu Logistics HLDG Ltd.
| Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
|---|---|---|---|---|---|---|---|
| Altman Z Score | 0.527 | 1.28 | 0.373 | 1.61 | 2.66 | 3.42 | 1.79 |
| Change | -58.84 % | 243.72 % | -76.89 % | -39.36 % | -22.32 % | 91.58 % |
FY Chart of Altman Z Score of Mingzhu Logistics HLDG Ltd.
Note : All Data Generated at the End of Trading Hours (EOD Data)