ZTO Express (Cayman) (MEX:ZTO N) Debt-to-EBITDA : (As of Jun. 2026)

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MEX:ZTO N ZTO Express (Cayman) Inc MEX:ZTO N
91 GF Score
Price MXN359.77
GF Value MXN514.78
Valuation Significantly Undervalued
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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 Jun. 2026 was MXN30,157 Mil. ZTO Express (Cayman)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was MXN26,600 Mil. ZTO Express (Cayman)'s annualized EBITDA for the quarter that ended in Jun. 2026 was MXN43,460 Mil. ZTO Express (Cayman)'s annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.31.

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 N' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.06   Med: 0.55   Max: 1.85
Current: 1.85

During the past 12 years, the highest Debt-to-EBITDA Ratio of ZTO Express (Cayman) was 1.85. The lowest was 0.06. And the median was 0.55.

MEX:ZTO N's Debt-to-EBITDA is ranked better than
62.73% of 880 companies
in the Transportation industry
Industry Median: 2.625 vs MEX:ZTO N: 1.85

ZTO Express (Cayman)  (MEX:ZTO N) 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

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

* Premium members only.

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.

ZTO Express (Cayman) Debt-to-EBITDA Chart

ZTO Express (Cayman) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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ZTO Express (Cayman) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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MEX:ZTO N vs CHRW, FDXF, JBHT: Debt-to-EBITDA Comparison

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) Debt-to-EBITDA vs 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.


MEX:ZTO N
91GF Score
ZTO Express (Cayman) Inc MEX:ZTO N
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(28492.331557995 + 1037.8152865208) / 39214.599307925
=0.75

ZTO Express (Cayman)'s annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(30157.154899674 + 26599.809556548) / 43459.756270156
=1.31

* 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 (Jun. 2026) EBITDA data.

Is ZTO Express (Cayman) (MEX:ZTO N) Overvalued in 2026?

Based on GuruFocus' analysis, ZTO Express (Cayman) stock appears to be undervalued. The current stock price of MXN359.77 is trading 30.1% below its estimated GF Value™ of MXN514.78. GuruFocus considers ZTO Express (Cayman) to be Significantly Undervalued.

Key valuation signals for MEX:ZTO N:

  • Debt-to-EBITDA:
  • GF Value™: MXN514.78 vs. price of MXN359.77 (30.1% below fair value)
  • GF Score™: 91/100

No single metric tells the full story. See the MEX:ZTO N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

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 19.4% in 2024. 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 78% voting rights as of March 31, 2025. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 8.9% interest.
91GF Score

Get the complete analysis for MEX:ZTO N

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN359.77
Price
MXN514.78
GF Value