ZTO Express (Cayman) Inc (ZTO) — Tangible Net Worth Ratio
ZTO Express (Cayman) Inc (ZTO) has a Tangible Net Worth Ratio of 89.0% as of March 2026. This metric is calculated by deducting intangible assets ($6.92 Billion) from net assets ($62.88 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset momentum of ZTO Express (Cayman) Inc to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
ZTO Express (Cayman) Inc Tangible Net Worth Ratio (2014–2025)
This chart shows how ZTO Express (Cayman) Inc's Tangible Net Worth Ratio has changed across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at 89.0%, reflecting net assets of $62.88 Billion with intangible assets of $6.92 Billion USD. For live market cap and overall valuation, see ZTO market cap overview.
Annual Tangible Net Worth Ratio for ZTO Express (Cayman) Inc (2014–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for ZTO Express (Cayman) Inc from 2014 to 2025, covering 12 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore ZTO capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 99.9% | $67.18 Billion | $52.79 Million | $91.08 Billion | ▲ +9.8 pp |
| 2024 | 90.1% | $62.67 Billion | $6.19 Billion | $92.34 Billion | ▼ -0.5 pp |
| 2023 | 90.6% | $60.28 Billion | $5.66 Billion | $88.47 Billion | ▲ +0.7 pp |
| 2022 | 90.0% | $54.47 Billion | $5.47 Billion | $78.52 Billion | ▲ +0.9 pp |
| 2021 | 89.0% | $48.93 Billion | $5.37 Billion | $62.77 Billion | ▼ -2.0 pp |
| 2020 | 91.0% | $49.10 Billion | $4.40 Billion | $59.20 Billion | ▼ -2.3 pp |
| 2019 | 93.3% | $38.40 Billion | $2.56 Billion | $45.89 Billion | ▼ -0.8 pp |
| 2018 | 94.1% | $34.27 Billion | $2.02 Billion | $39.68 Billion | ▲ +1.9 pp |
| 2017 | 92.2% | $21.44 Billion | $1.66 Billion | $25.83 Billion | ▼ -1.2 pp |
| 2016 | 93.4% | $19.75 Billion | $1.30 Billion | $23.40 Billion | ▲ +3.9 pp |
| 2015 | 89.5% | $7.85 Billion | $821.13 Million | $10.58 Billion | ▲ +1.8 pp |
| 2014 | 87.7% | $3.40 Billion | $416.28 Million | $4.97 Billion | — |