ZTO Express (Cayman) annual net debt
2016
2017
2019
2020
2021
2022
2023
2024
2025
ZTO Express (Cayman) Net Debt Growth & History (ZTO)
ZTO Express (Cayman)'s net debt was $189.3M for fiscal 2025.
View full ZTO Express (Cayman) company overviewZTO Express (Cayman) annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $189.3M | $961.2M | — |
| 2024 | 2024-12-31 | −$771.9M | −$219.0M | — |
| 2023 | 2023-12-31 | −$552.9M | $252.9M | — |
| 2022 | 2022-12-31 | −$805.9M | $50.2M | — |
| 2021 | 2021-12-31 | −$856.1M | $987.8M | — |
| 2020 | 2020-12-31 | −$1.84B | −$1.20B | — |
| 2019 | 2019-12-31 | −$641.6M | — | — |
| 2017 | 2017-12-31 | −$795.4M | $765.6M | — |
| 2016 | 2016-12-31 | −$1.56B | — | — |
ZTO Express (Cayman) quarterly net debt
Q4.16
Q4.17
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | $189.3M | $961.2M | — |
| Q4 2024 | 2024-12-31 | −$771.9M | −$219.0M | — |
| Q4 2023 | 2023-12-31 | −$552.9M | $252.9M | — |
| Q4 2022 | 2022-12-31 | −$805.9M | $50.2M | — |
| Q4 2021 | 2021-12-31 | −$856.1M | $987.8M | — |
| Q4 2020 | 2020-12-31 | −$1.84B | −$1.20B | — |
| Q4 2019 | 2019-12-31 | −$641.6M | — | — |
| Q4 2017 | 2017-12-31 | −$795.4M | $765.6M | — |
| Q4 2016 | 2016-12-31 | −$1.56B | — | — |
ZTO Express (Cayman) net debt trends
Over the last five fiscal years, ZTO Express (Cayman)'s net debt increased from −$1.84B to $189.3M, a change of $2.03B. The latest reported quarter, Q4 2025, shows $189.3M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review ZTO Express (Cayman) source filings ↗