ZTO Express (Cayman) Inc (ZTO) — Cash Flow-to-Debt Ratio
ZTO Express (Cayman) Inc (ZTO) has a Cash Flow-to-Debt Ratio of 0.08x as of March 2026, meaning its operating cash flow of $2.79 Billion could theoretically repay 0% of its total liabilities ($34.90 Billion) in one year. See financial agility of ZTO Express (Cayman) Inc to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
ZTO Express (Cayman) Inc Cash Flow-to-Debt Ratio (2014–2025)
Historical debt coverage capacity for ZTO Express (Cayman) Inc across 12 annual periods. For the full cash flow conversion analysis, see ZTO cash flow metrics.
Annual Cash Flow-to-Debt Ratio for ZTO Express (Cayman) Inc (2014–2025)
Year-by-year debt coverage analysis for ZTO Express (Cayman) Inc. Check cash flow quality index of ZTO Express (Cayman) Inc to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.50x | $11.97 Billion | $23.90 Billion | ▲ +30.0% |
| 2024 | 0.39x | $11.43 Billion | $29.67 Billion | ▼ -18.7% |
| 2023 | 0.47x | $13.36 Billion | $28.18 Billion | ▼ -0.7% |
| 2022 | 0.48x | $11.48 Billion | $24.05 Billion | ▼ -8.5% |
| 2021 | 0.52x | $7.22 Billion | $13.84 Billion | ▲ +6.4% |
| 2020 | 0.49x | $4.95 Billion | $10.11 Billion | ▼ -41.8% |
| 2019 | 0.84x | $6.30 Billion | $7.49 Billion | ▲ +3.5% |
| 2018 | 0.81x | $4.40 Billion | $5.41 Billion | ▼ -1.7% |
| 2017 | 0.83x | $3.63 Billion | $4.39 Billion | ▲ +19.2% |
| 2016 | 0.69x | $2.54 Billion | $3.65 Billion | ▲ +1.7% |
| 2015 | 0.68x | $1.87 Billion | $2.74 Billion | ▲ +0.5% |
| 2014 | 0.68x | $1.07 Billion | $1.58 Billion | — |