Mingzhu Cash And Short Term Investments vs Net Debt Analysis

YGMZ Stock

USD 1.11 0.01 0.91%

Mingzhu Logistics financial indicator trend analysis is infinitely more than just investigating Mingzhu Logistics recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mingzhu Logistics is a good investment. Please check the relationship between Mingzhu Logistics Cash And Short Term Investments and its Net Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mingzhu Logistics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mingzhu Logistics Cash And Short Term Investments account and Net Debt. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Mingzhu Logistics' Cash And Short Term Investments and Net Debt is 0.4. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Mingzhu Logistics Holdings, assuming nothing else is changed. The correlation between historical values of Mingzhu Logistics' Cash And Short Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Mingzhu Logistics Holdings are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Cash And Short Term Investments i.e., Mingzhu Logistics' Cash And Short Term Investments and Net Debt go up and down completely randomly.

Correlation Coefficient

0.4

Relationship Direction	Positive
Relationship Strength	Weak

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Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Mingzhu Logistics balance sheet. This account contains Mingzhu Logistics investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Mingzhu Logistics Holdings fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Mingzhu Logistics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mingzhu Logistics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Mingzhu Logistics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Mingzhu Logistics' Tax Provision is fairly stable compared to the past year. Selling General Administrative is likely to rise to about 2.3 M in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	396.2K	1.4M	450.3K	576.3K
Depreciation And Amortization	1.4M	2.2M	878.6K	1.6M

Interest Expense Depreciation And Amortization

Mingzhu Logistics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.95	0.82	0.87	0.96	0.93	0.1	0.75	0.65	0.64	0.7	0.9	0.97	0.52	0.13	0.9	0.76	0.91	0.96	-0.15	-0.3	-0.25	0.8	0.97	0.87	0.98
Short Long Term Debt Total	0.95		0.85	0.87	0.85	0.86	-0.11	0.81	0.76	0.48	0.79	0.75	0.88	0.4	0.02	0.75	0.79	0.9	0.95	-0.32	-0.43	-0.15	0.68	0.88	0.87	0.91
Other Current Liab	0.82	0.85		0.98	0.75	0.68	-0.25	0.96	0.94	0.45	0.95	0.67	0.79	0.41	-0.03	0.67	0.91	0.7	0.87	-0.36	-0.5	-0.06	0.62	0.77	0.98	0.79
Total Current Liabilities	0.87	0.87	0.98		0.79	0.73	-0.23	0.96	0.91	0.54	0.94	0.72	0.81	0.35	-0.11	0.72	0.95	0.74	0.88	-0.29	-0.51	-0.01	0.62	0.81	1.0	0.83
Total Stockholder Equity	0.96	0.85	0.75	0.79		0.97	0.26	0.64	0.52	0.76	0.58	0.98	0.96	0.69	0.33	0.98	0.64	0.91	0.88	-0.15	-0.24	-0.48	0.92	1.0	0.79	0.99
Net Tangible Assets	0.93	0.86	0.68	0.73	0.97		0.15	0.61	0.5	0.79	0.55	0.92	0.89	0.59	0.27	0.92	0.62	0.97	0.82	-0.2	-0.38	-0.5	0.88	0.96	0.73	0.98
Property Plant And Equipment Net	0.1	-0.11	-0.25	-0.23	0.26	0.15		-0.47	-0.56	0.09	-0.53	0.41	0.31	0.64	0.75	0.41	-0.48	0.01	0.07	0.34	0.82	-0.55	0.45	0.27	-0.23	0.17
Current Deferred Revenue	0.75	0.81	0.96	0.96	0.64	0.61	-0.47		0.97	0.45	0.99	0.53	0.66	0.15	-0.3	0.53	0.98	0.64	0.79	-0.31	-0.66	0.16	0.43	0.65	0.96	0.7
Net Debt	0.65	0.76	0.94	0.91	0.52	0.5	-0.56	0.97		0.3	0.99	0.4	0.55	0.12	-0.29	0.4	0.93	0.57	0.7	-0.48	-0.69	0.16	0.35	0.54	0.91	0.59
Retained Earnings	0.64	0.48	0.45	0.54	0.76	0.79	0.09	0.45	0.3		0.38	0.73	0.59	0.39	0.13	0.73	0.52	0.67	0.49	0.01	-0.46	-0.39	0.65	0.7	0.54	0.73
Accounts Payable	0.7	0.79	0.95	0.94	0.58	0.55	-0.53	0.99	0.99	0.38		0.46	0.6	0.12	-0.31	0.46	0.96	0.61	0.75	-0.38	-0.68	0.18	0.38	0.59	0.94	0.64
Cash	0.9	0.75	0.67	0.72	0.98	0.92	0.41	0.53	0.4	0.73	0.46		0.94	0.75	0.42	1.0	0.54	0.85	0.81	-0.07	-0.09	-0.55	0.94	0.97	0.72	0.95
Non Current Assets Total	0.97	0.88	0.79	0.81	0.96	0.89	0.31	0.66	0.55	0.59	0.6	0.94		0.68	0.32	0.94	0.64	0.83	0.96	-0.09	-0.09	-0.35	0.87	0.98	0.82	0.96
Non Currrent Assets Other	0.52	0.4	0.41	0.35	0.69	0.59	0.64	0.15	0.12	0.39	0.12	0.75	0.68		0.89	0.75	0.06	0.5	0.51	-0.2	0.24	-0.83	0.9	0.69	0.35	0.63
Other Assets	0.13	0.02	-0.03	-0.11	0.33	0.27	0.75	-0.3	-0.29	0.13	-0.31	0.42	0.32	0.89		0.42	-0.4	0.18	0.11	-0.13	0.47	-0.88	0.65	0.33	-0.11	0.26
Cash And Short Term Investments	0.9	0.75	0.67	0.72	0.98	0.92	0.41	0.53	0.4	0.73	0.46	1.0	0.94	0.75	0.42		0.54	0.85	0.81	-0.07	-0.09	-0.55	0.94	0.97	0.72	0.95
Net Receivables	0.76	0.79	0.91	0.95	0.64	0.62	-0.48	0.98	0.93	0.52	0.96	0.54	0.64	0.06	-0.4	0.54		0.66	0.76	-0.27	-0.69	0.21	0.39	0.64	0.95	0.7
Common Stock Total Equity	0.91	0.9	0.7	0.74	0.91	0.97	0.01	0.64	0.57	0.67	0.61	0.85	0.83	0.5	0.18	0.85	0.66		0.8	-0.31	-0.46	-0.46	0.81	0.91	0.74	0.94
Common Stock Shares Outstanding	0.96	0.95	0.87	0.88	0.88	0.82	0.07	0.79	0.7	0.49	0.75	0.81	0.96	0.51	0.11	0.81	0.76	0.8		-0.13	-0.24	-0.13	0.73	0.91	0.88	0.91
Non Current Liabilities Total	-0.15	-0.32	-0.36	-0.29	-0.15	-0.2	0.34	-0.31	-0.48	0.01	-0.38	-0.07	-0.09	-0.2	-0.13	-0.07	-0.27	-0.31	-0.13		0.47	0.3	-0.24	-0.15	-0.28	-0.19
Capital Lease Obligations	-0.3	-0.43	-0.5	-0.51	-0.24	-0.38	0.82	-0.66	-0.69	-0.46	-0.68	-0.09	-0.09	0.24	0.47	-0.09	-0.69	-0.46	-0.24	0.47		-0.12	-0.07	-0.21	-0.51	-0.31
Inventory	-0.25	-0.15	-0.06	-0.01	-0.48	-0.5	-0.55	0.16	0.16	-0.39	0.18	-0.55	-0.35	-0.83	-0.88	-0.55	0.21	-0.46	-0.13	0.3	-0.12		-0.75	-0.46	-0.01	-0.42
Other Current Assets	0.8	0.68	0.62	0.62	0.92	0.88	0.45	0.43	0.35	0.65	0.38	0.94	0.87	0.9	0.65	0.94	0.39	0.81	0.73	-0.24	-0.07	-0.75		0.92	0.62	0.89
Other Stockholder Equity	0.97	0.88	0.77	0.81	1.0	0.96	0.27	0.65	0.54	0.7	0.59	0.97	0.98	0.69	0.33	0.97	0.64	0.91	0.91	-0.15	-0.21	-0.46	0.92		0.81	0.99
Total Liab	0.87	0.87	0.98	1.0	0.79	0.73	-0.23	0.96	0.91	0.54	0.94	0.72	0.82	0.35	-0.11	0.72	0.95	0.74	0.88	-0.28	-0.51	-0.01	0.62	0.81		0.83
Net Invested Capital	0.98	0.91	0.79	0.83	0.99	0.98	0.17	0.7	0.59	0.73	0.64	0.95	0.96	0.63	0.26	0.95	0.7	0.94	0.91	-0.19	-0.31	-0.42	0.89	0.99	0.83

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Mingzhu Logistics Account Relationship Matchups

Mingzhu Logistics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.4M	33.9M	82.3M	111.5M	127.4M	64.2M
Short Long Term Debt Total	5.2M	7.0M	10.6M	12.8M	20.4M	10.3M
Other Current Liab	3.4M	1.5M	19.6M	21.4M	41.6M	43.7M
Total Current Liabilities	9.8M	12.5M	34.3M	61.9M	82.7M	86.8M
Total Stockholder Equity	10.0M	21.3M	47.7M	48.1M	44.6M	29.1M
Net Tangible Assets	8.5M	10.0M	21.3M	27.5M	31.6M	15.9M
Property Plant And Equipment Net	4.6M	3.4M	12.2M	9.1M	1.5M	1.4M
Current Deferred Revenue	125.7K	77.7K	153.4K	3.1M	6.8M	7.2M
Net Debt	5.0M	4.9M	4.9M	7.1M	16.7M	17.5M
Retained Earnings	6.2M	6.9M	5.9M	7.7M	4.9M	6.1M
Accounts Payable	1.6M	1.4M	1.3M	6.9M	18.4M	19.4M
Cash	223.5K	2.1M	5.8M	5.7M	3.7M	2.9M
Non Current Assets Total	5.0M	3.7M	42.7M	45.2M	44.4M	23.9M
Non Currrent Assets Other	345.0K	262.0K	9.5M	1.8M	1.7M	2.2M
Other Assets	364.5K	293.8K	10.4M	(847.1K)	(974.1K)	(925.4K)
Cash And Short Term Investments	223.5K	2.1M	5.8M	5.7M	3.7M	2.9M
Net Receivables	13.3M	17.5M	3.7M	45.1M	62.9M	66.0M
Common Stock Shares Outstanding	12.5M	9.6M	19.0M	21.4M	25.7M	17.6M
Liabilities And Stockholders Equity	20.4M	33.9M	82.3M	111.5M	127.4M	64.2M
Non Current Liabilities Total	517.9K	164.4K	380.1K	1.4M	121.1K	115.0K
Capital Lease Obligations	873.4K	79.1K	2.5M	1.9M	9.5K	9.1K
Inventory	104.8K	(12.2M)	(24.7M)	1.1M	1.0	1.05
Other Current Assets	1.9M	10.6M	35.1M	17.3M	17.3M	13.4M
Other Stockholder Equity	3.3M	13.0M	40.9M	40.9M	40.4M	22.6M
Total Liab	10.4M	12.7M	34.7M	63.4M	82.8M	86.9M
Net Invested Capital	14.4M	28.2M	55.8M	59.0M	64.9M	38.1M
Property Plant And Equipment Gross	4.6M	3.4M	27.7M	27.8M	10.3M	13.2M
Short Long Term Debt	4.0M	6.8M	8.0M	10.6M	20.3M	21.3M
Total Current Assets	15.4M	30.2M	39.6M	66.3M	83.8M	88.0M
Accumulated Other Comprehensive Income	508.2K	1.4M	775.8K	(513.0K)	(746.2K)	(708.9K)
Net Working Capital	5.6M	17.7M	5.3M	4.3M	1.2M	1.1M
Short Term Debt	4.7M	6.8M	10.3M	11.5M	20.3M	21.3M
Common Stock	9K	12.4K	19.1K	23.0K	27.5K	17.2K
Property Plant Equipment	5.0M	4.6M	3.4M	12.2M	14.1M	14.8M
Long Term Debt	355.9K	136.4K	179.3K	253.4K	121.1K	115.0K
Capital Stock	9K	12.4K	19.1K	23.0K	27.5K	18.4K

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Mingzhu Cash And Short Term Investments vs Net Debt Analysis

Cash And Short Term Investments vs Net Debt

Cash And Short Term Investments vs Net Debt Correlation Analysis

Correlation Coefficient

Cash And Short Term Investments

Net Debt

Mingzhu Logistics fundamental ratios Correlations

Mingzhu Logistics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mingzhu Logistics fundamental ratios Accounts

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Additional Tools for Mingzhu Stock Analysis

COMMON DESTINATIONS

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Total Liab	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Net Invested Capital	+ 0.99	Total Stockholder Equity
Accounts Payable	+ 0.99	Current Deferred Revenue
Accounts Payable	+ 0.99	Net Debt

Inventory	- 0.88	Other Assets
Inventory	- 0.83	Non Currrent Assets Other
Other Current Assets	- 0.75	Inventory
Capital Lease Obligations	- 0.69	Net Receivables
Capital Lease Obligations	- 0.69	Net Debt
Capital Lease Obligations	- 0.68	Accounts Payable