ZTO Express (Cayman) Inc (ZTO) — Defensive Interval Ratio
ZTO Express (Cayman) Inc (ZTO) has a Defensive Interval Ratio of 329 days as of March 2026. Defensive assets of $21.38 Billion (cash $-, short-term investments $19.08 Billion, receivables $2.30 Billion) cover 329 days of daily cash needs of $64.90 Million/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
ZTO Express (Cayman) Inc Defensive Interval Ratio (2014–2025)
This chart shows how ZTO Express (Cayman) Inc's Defensive Interval Ratio has evolved across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at 329 days, meaning defensive assets of $21.38 Billion can fund 329 days of operations without new revenue. For the complete balance sheet picture, see ZTO asset base.
Annual Defensive Interval Ratio for ZTO Express (Cayman) Inc (2014–2025)
The table below presents the year-by-year Defensive Interval Ratio for ZTO Express (Cayman) Inc from 2014 to 2025, covering 12 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See how liquid is ZTO Express (Cayman) Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (USD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 448 days | $28.08 Billion | $62.70 Million/day | $10.01 Billion | $15.63 Billion | ▲ +79 days |
| 2024 | 369 days | $28.58 Billion | $77.46 Million/day | $13.47 Billion | $8.85 Billion | ▼ -77 days |
| 2023 | 445 days | $24.48 Billion | $54.96 Million/day | $12.33 Billion | $7.45 Billion | ▼ -45 days |
| 2022 | 490 days | $22.03 Billion | $44.95 Million/day | $11.69 Billion | $5.75 Billion | ▲ +9 days |
| 2021 | 481 days | $17.14 Billion | $35.61 Million/day | $9.72 Billion | $2.85 Billion | ▼ -338 days |
| 2020 | 819 days | $20.98 Billion | $25.61 Million/day | $14.21 Billion | $3.69 Billion | ▼ -114 days |
| 2019 | 933 days | $17.08 Billion | $18.30 Million/day | $5.27 Billion | $11.11 Billion | ▼ -440 days |
| 2018 | 1373 days | $19.34 Billion | $14.09 Million/day | $4.62 Billion | $13.60 Billion | ▲ +410 days |
| 2017 | 963 days | $10.94 Billion | $11.36 Million/day | $5.43 Billion | $5.22 Billion | ▼ -228 days |
| 2016 | 1191 days | $11.49 Billion | $9.65 Million/day | $11.29 Billion | $9.17 Million | ▲ +1180 days |
| 2015 | 11 days | $80.66 Million | $7.26 Million/day | $- | $0.00 | ▼ -55 days |
| 2014 | 66 days | $278.83 Million | $4.20 Million/day | $- | $0.00 | — |