ZTO Express (Cayman) annual debt-to-assets ratio
2016
2017
2019
2020
2021
2022
2023
2024
2025
ZTO Express (Cayman) Debt-to-Assets Ratio Growth & History (ZTO)
ZTO Express (Cayman)'s debt-to-assets ratio was 0.12 for fiscal 2025.
View full ZTO Express (Cayman) company overviewZTO Express (Cayman) annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.12 | 0.04 | +46.84% |
| 2024 | 2024-12-31 | 0.08 | −0.01 | −10.77% |
| 2023 | 2023-12-31 | 0.10 | 0.02 | +21.66% |
| 2022 | 2022-12-31 | 0.08 | 0.01 | +14.96% |
| 2021 | 2021-12-31 | 0.07 | 0.03 | +84.41% |
| 2020 | 2020-12-31 | 0.04 | 0.02 | +110.56% |
| 2019 | 2019-12-31 | 0.02 | — | — |
| 2017 | 2017-12-31 | 0.01 | −0.01 | −49.66% |
| 2016 | 2016-12-31 | 0.02 | — | — |
ZTO Express (Cayman) quarterly debt-to-assets ratio
Q4.16
Q4.17
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 0.12 | 0.04 | +46.84% |
| Q4 2024 | 2024-12-31 | 0.08 | −0.01 | −10.77% |
| Q4 2023 | 2023-12-31 | 0.10 | 0.02 | +21.66% |
| Q4 2022 | 2022-12-31 | 0.08 | 0.01 | +14.96% |
| Q4 2021 | 2021-12-31 | 0.07 | 0.03 | +84.41% |
| Q4 2020 | 2020-12-31 | 0.04 | 0.02 | +110.56% |
| Q4 2019 | 2019-12-31 | 0.02 | — | — |
| Q4 2017 | 2017-12-31 | 0.01 | −0.01 | −49.66% |
| Q4 2016 | 2016-12-31 | 0.02 | — | — |
ZTO Express (Cayman) debt-to-assets ratio trends
Over the last five fiscal years, ZTO Express (Cayman)'s debt-to-assets ratio increased from 0.04 to 0.12, a change of 0.09. The latest reported quarter, Q4 2025, shows 0.12.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review ZTO Express (Cayman) source filings ↗