ZTO Express (Cayman) (ZTO Express (Cayman)) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is ZTO Express (Cayman) Debt-to-Equity?

ZTO Express (Cayman)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,114 Mil. ZTO Express (Cayman)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,048 Mil. ZTO Express (Cayman)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8,375 Mil. ZTO Express (Cayman)'s debt to equity for the quarter that ended in Dec. 2023 was 0.26.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for ZTO Express (Cayman)'s Debt-to-Equity or its related term are showing as below:

ZTO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.26
Current: 0.26

During the past 10 years, the highest Debt-to-Equity Ratio of ZTO Express (Cayman) was 0.26. The lowest was 0.01. And the median was 0.05.

ZTO's Debt-to-Equity is ranked better than
72.99% of 885 companies
in the Transportation industry
Industry Median: 0.55 vs ZTO: 0.26

ZTO Express (Cayman) Debt-to-Equity Historical Data

The historical data trend for ZTO Express (Cayman)'s Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ZTO Express (Cayman) Debt-to-Equity Chart

ZTO Express (Cayman) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.05

0.09

0.24

0.26

ZTO Express (Cayman) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.24	0.27	0.26	0.30	0.26

Competitive Comparison of ZTO Express (Cayman)'s Debt-to-Equity

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ZTO Express (Cayman)'s Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Debt-to-Equity falls into.

ZTO Express (Cayman) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZTO Express (Cayman)'s Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1113.728	+	1048.35)	/	8375.36
	=	0.26

ZTO Express (Cayman)'s Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1113.728	+	1048.35)	/	8375.36
	=	0.26

ZTO Express (Cayman) (NYSE:ZTO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

ZTO Express (Cayman) Debt-to-Equity Related Terms

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ZTO Express (Cayman) (ZTO Express (Cayman)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (NYSE:ZTO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ZTO:Mexico 02057:Hong Kong 0A33:UK ZTOA:Germany Z1TO34:Brazil

Address

No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708

Website

http://ir.zto.com

ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains the Chairman, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company, Alibaba Group, with around an 11.7% interest.