ZTO Express (Cayman) (MEX:ZTO N) Interest Coverage: 49.61 (As of Mar. 2026) — 14% Above Median


MEX:ZTO N ZTO Express (Cayman) Inc MEX:ZTO N
84 GF Score
Price MXN426.00
GF Value MXN546.16
View Full Analysis

What is ZTO Express (Cayman) Interest Coverage?

ZTO Express (Cayman) MEX:ZTO N 84 Interest Coverage is 49.61 as of Mar. 2026, which is 14% above its 10-year median of 43.50. GuruFocus rates MEX:ZTO N with a GF Score™ of 84/100 and a GF Value™ of MXN546.16. Among 838 Transportation companies, ZTO Express (Cayman) ranks better than 86.87% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. ZTO Express (Cayman)'s Operating Income for the three months ended in Mar. 2026 was MXN6,525 Mil. ZTO Express (Cayman)'s Interest Expense for the three months ended in Mar. 2026 was MXN-132 Mil. ZTO Express (Cayman)'s interest coverage for the quarter that ended in Mar. 2026 was 49.61. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for ZTO Express (Cayman)'s Interest Coverage or its related term are showing as below:

MEX:ZTO N' s Interest Coverage Range Over the Past 10 Years
Min: 34.57   Med: 43.5   Max: 5569.42
Current: 45.86


MEX:ZTO N's Interest Coverage is ranked better than
86.87% of 838 companies
in the Transportation industry
Industry Median: 5.72 vs MEX:ZTO N: 45.86

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


ZTO Express (Cayman)  (MEX:ZTO N) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


ZTO Express (Cayman) Interest Coverage Related Terms


ZTO Express (Cayman) Interest Coverage Historical Data

* Premium members only.

The historical data trend for ZTO Express (Cayman)'s Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

ZTO Express (Cayman) Interest Coverage Chart

ZTO Express (Cayman) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.50 40.61 34.57 34.85 42.13

ZTO Express (Cayman) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage 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 34.92 24.61 44.19 117.24 49.61

MEX:ZTO N vs EXPD, CHRW, FDXFw: Interest Coverage Comparison

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s Interest Coverage, along with its competitors' market caps and Interest Coverage 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) Interest Coverage vs Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Interest Coverage falls into.


MEX:ZTO N
84GF Score
ZTO Express (Cayman) Inc MEX:ZTO N
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZTO Express (Cayman) Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ZTO Express (Cayman)'s Interest Coverage for the fiscal year that ended in Dec. 2025 is calculated as

Here, for the fiscal year that ended in Dec. 2025, ZTO Express (Cayman)'s Interest Expense was MXN-636 Mil. Its Operating Income was MXN26,779 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN1,031 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2025 )/Interest Expense (A: Dec. 2025 )
=-1*26778.624/-635.568
=42.13

ZTO Express (Cayman)'s Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, ZTO Express (Cayman)'s Interest Expense was MXN-132 Mil. Its Operating Income was MXN6,525 Mil. And its Long-Term Debt & Capital Lease Obligation was MXN27,691 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*6525.032/-131.533
=49.61

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 49.61 mean?
ZTO Express (Cayman) (MEX:ZTO N) has a Interest Coverage of 49.61 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on ZTO Express (Cayman) and its competitors. This is 14% above median its historical median of 43.50. Over the past decade, ZTO Express (Cayman)'s Interest Coverage has ranged from 34.57 to 5,569.42. According to the industry distribution chart, ZTO Express (Cayman) ranks #110 out of 838 companies in the Transportation industry, placing it in the top 13.1%.
Is ZTO Express (Cayman)'s Interest Coverage too high?
ZTO Express (Cayman)'s current Interest Coverage of 49.61 is 14% above median its 10-year median of 43.50. Over the past 10 years, this metric has ranged from a low of 34.57 to a high of 5,569.42. The Transportation industry median Interest Coverage is 5.72. ZTO Express (Cayman)'s value of 49.61 is 767.3% above this industry median. Based on the distribution chart, ZTO Express (Cayman) ranks #110 out of 838 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, ZTO Express (Cayman) has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does ZTO Express (Cayman)'s Interest Coverage compare to EXPD and CHRW?
According to the Transportation industry distribution chart, ZTO Express (Cayman) ranks #110 out of 838 companies for Interest Coverage. This places ZTO Express (Cayman) in the top 13% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.72. ZTO Express (Cayman)'s value of 49.61 is 767.3% above this benchmark. Historically, ZTO Express (Cayman)'s own Interest Coverage has ranged from 34.57 to 5,569.42 over the past decade. While the company's 10-year median is 43.50 vs. the industry median of 5.72, ZTO Express (Cayman) has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Transportation company?
The median Interest Coverage among Transportation companies is 5.72, based on 838 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ZTO Express (Cayman)'s current Interest Coverage of 49.61 is 767.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on ZTO Express (Cayman) and its competitors. For the Transportation industry, the median Interest Coverage is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZTO Express (Cayman)'s current Interest Coverage is 49.61, which is 14% above median its own 10-year median of 43.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZTO Express (Cayman) stock overvalued right now?
ZTO Express (Cayman) (MEX:ZTO N) has a current Interest Coverage of 49.61. The stock's GF Value™ is MXN546.16, compared to a current price of MXN426.00 — trading 22% below its estimated fair value. The current Interest Coverage is 49.61, which is 14% above median its 10-year median of 43.50 and 767.3% above the Transportation industry median of 5.72. ZTO Express (Cayman)'s overall GF Score™ is 84/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For ZTO Express (Cayman) (MEX:ZTO N), the current Interest Coverage is 49.61 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

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 MXN426.00 is trading 22% below its estimated GF Value™ of MXN546.16.

Key valuation signals for MEX:ZTO N:

  • Interest Coverage: 49.61 (14% above median its 10-year median of 43.50)
  • GF Value™: MXN546.16 vs. price of MXN426.00 (22% below fair value)
  • GF Score™: 84/100
  • Industry Position: 767.3% above the Transportation median (#110 of 838)

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.
84GF Score

Get the complete analysis for MEX:ZTO N

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

MXN426.00
Price
MXN546.16
GF Value