ZTO Express (Cayman) Inc (ZTO) — Working Capital to Net Assets Ratio
ZTO Express (Cayman) Inc (ZTO) has a Working Capital to Net Assets ratio of 24.1% as of March 2026. Working capital of $15.16 Billion (current assets of $38.85 Billion minus current liabilities of $23.69 Billion) is measured against net assets of $62.88 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See defensive interval ratio of ZTO Express (Cayman) Inc to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
ZTO Express (Cayman) Inc Working Capital to Net Assets (2014–2025)
This chart shows how ZTO Express (Cayman) Inc's Working Capital to Net Assets ratio has evolved across 12 annual periods from 2014 to 2025. As of March 2026, the ratio stands at 24.1%, reflecting working capital of $15.16 Billion against net assets of $62.88 Billion USD. For the complete balance sheet picture, see ZTO asset base.
Annual Working Capital to Net Assets for ZTO Express (Cayman) Inc (2014–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for ZTO Express (Cayman) Inc from 2014 to 2025, covering 12 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check ZTO cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 16.5% | $11.10 Billion | $67.18 Billion | $33.99 Billion | $22.88 Billion | ▲ +13.2 pp |
| 2024 | 3.3% | $2.08 Billion | $62.67 Billion | $30.35 Billion | $28.27 Billion | ▼ -8.1 pp |
| 2023 | 11.4% | $6.89 Billion | $60.28 Billion | $26.95 Billion | $20.06 Billion | ▼ -3.4 pp |
| 2022 | 14.8% | $8.07 Billion | $54.47 Billion | $24.48 Billion | $16.41 Billion | ▲ +3.2 pp |
| 2021 | 11.6% | $5.67 Billion | $48.93 Billion | $18.67 Billion | $13.00 Billion | ▼ -14.8 pp |
| 2020 | 26.4% | $12.98 Billion | $49.10 Billion | $22.32 Billion | $9.35 Billion | ▼ -8.5 pp |
| 2019 | 34.9% | $13.42 Billion | $38.40 Billion | $20.10 Billion | $6.68 Billion | ▼ -12.0 pp |
| 2018 | 47.0% | $16.09 Billion | $34.27 Billion | $21.23 Billion | $5.14 Billion | ▲ +8.6 pp |
| 2017 | 38.4% | $8.23 Billion | $21.44 Billion | $12.38 Billion | $4.15 Billion | ▼ -10.5 pp |
| 2016 | 48.9% | $9.66 Billion | $19.75 Billion | $13.19 Billion | $3.52 Billion | ▲ +38.9 pp |
| 2015 | 10.0% | $787.18 Million | $7.85 Billion | $3.44 Billion | $2.65 Billion | ▲ +33.0 pp |
| 2014 | -22.9% | $-778.68 Million | $3.40 Billion | $752.61 Million | $1.53 Billion | — |