Quick Ratio Analysis of Mingzhu Logistics HLDG Ltd. - Deep Dive
WARN : Please note that some of the values may not be in base currency

Latest FY Quick Ratio
Period Ending - Dec-23

1.01


Indecisive Quick Ratio
Period Ending - Dec-22
1.05

Indecisive Quick Ratio
Growth
-3.57 %
Most recent Quarter Quick Ratio
Period Ending - Dec-23

1.01


Indecisive Quick Ratio
Quick Ratio Analysis of Mingzhu Logistics HLDG Ltd.
Quick Ratio of Mingzhu Logistics HLDG Ltd. with value of 1.01 indicates company has highly illiquid balance sheet ro pay its obligations in latest Quarter ending on Dec-23.
Quick Ratio of YGMZ has fallen by -3.57 % Compared to previous Financial Year.
Quick Ratio with value of 2.39 was highest in Year Dec-20 in last Five Years.
Quick Ratio of YGMZ trending down for at least three Years.
Latest Quick Ratio with value of 1.01 is lower than Average Quick Ratio of 1.43 in last five years.
Other Quick Ratio Related Info of YGMZ that may interest you.
Mingzhu Logistics HLDG Ltd. Overview
CodePricePrevious PricePrice ChangeSector
YGMZ0.34020.368 7.55 % Trucking
Fundamental AnalysisTechnical Analysis
Defination of Quick Ratio
Quick assets are those assets that can be converted quickly into cash. It indicates whether the company can pay its current short-term obligations or not using its quick assets. This metric is an improved version of the current ratio.   more ..
Quick Ratio Formula

Quick Ratio Related Ratios
CurrentRatioShortTermDebtToEquityRatio

Tsr Stability Index
Very Low Stability Stock
FY - Historical Quick Ratio of Mingzhu Logistics HLDG Ltd.
PeriodDec-23Dec-22Dec-21Dec-20Dec-19Dec-18Dec-17
Quick Ratio1.011.051.152.391.561.910.972
Change-3.57 %-8.51 %-51.83 %53.25 %-18.69 %96.90 %
FY Chart of Quick Ratio of Mingzhu Logistics HLDG Ltd.


Note : All Data Generated at the End of Trading Hours (EOD Data)