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 16.5% as of March 2026. Working capital of $11.10 Billion (current assets of $33.99 Billion minus current liabilities of $22.88 Billion) is measured against net assets of $67.18 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See ZTO net asset quality score to measure how much of total assets are equity-financed.
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 16.5%, reflecting working capital of $11.10 Billion against net assets of $67.18 Billion USD. Check ZTO Express (Cayman) Inc tangible book value ratio to evaluate the tangible quality of the company's equity 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. For live market cap and the full company profile, see ZTO Express (Cayman) Inc (ZTO) market capitalisation.
| 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 | — |