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ZTO Express (Cayman) (MEX:ZTO) Debt-to-EBITDA : 1.54 (As of Sep. 2024)


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

Debt-to-EBITDA measures a company's ability to pay off its debt.

ZTO Express (Cayman)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN49,854 Mil. ZTO Express (Cayman)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was MXN1,041 Mil. ZTO Express (Cayman)'s annualized EBITDA for the quarter that ended in Sep. 2024 was MXN33,147 Mil. ZTO Express (Cayman)'s annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 was 1.54.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

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

MEX:ZTO' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.06   Med: 0.36   Max: 1.63
Current: 1.63

During the past 10 years, the highest Debt-to-EBITDA Ratio of ZTO Express (Cayman) was 1.63. The lowest was 0.06. And the median was 0.36.

MEX:ZTO's Debt-to-EBITDA is ranked better than
66.75% of 851 companies
in the Transportation industry
Industry Median: 2.64 vs MEX:ZTO: 1.63

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

The historical data trend for ZTO Express (Cayman)'s Debt-to-EBITDA 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-EBITDA Chart

ZTO Express (Cayman) Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.36 0.55 1.18 1.11

ZTO Express (Cayman) Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.62 1.32 1.90 1.33 1.54

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

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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-EBITDA Distribution in the Transportation Industry

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

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



ZTO Express (Cayman) Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(18904.701 + 17794.954) / 32933.5
=1.11

ZTO Express (Cayman)'s annualized Debt-to-EBITDA for the quarter that ended in Sep. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(49854.279 + 1040.884) / 33147.236
=1.54

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Sep. 2024) EBITDA data.


ZTO Express (Cayman)  (MEX:ZTO) Debt-to-EBITDA Explanation

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


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


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

Thank you for viewing the detailed overview of ZTO Express (Cayman)'s Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.


ZTO Express (Cayman) Business Description

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