Zhihu (ZH) Debt Ratio (2021 - 2026)
Zhihu (ZH) posted Debt Ratio of 0.01 for Q4 2025, up 547.27% sequentially from 0.0 in Q3 2025, and up 466.37% YoY from 0.0 in Q4 2024.
Analysis
Zhihu (ZH) Debt Ratio (2021 - 2026) Analysis & Trends
Zhihu has reported Debt Ratio for 7 years, with the latest figure at 0.01 in Q4 2025.
- Quarterly Debt Ratio rose 466.37% year-over-year to 0.01 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.01 (up 466.37% YoY) and the FY2025 annual result came in at 0.01, up 449.54% from the prior year.
- Debt Ratio grew to 0.01 in Q4 2025 per ZH's latest filing, from 0.0 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.01 in Q3 2022 and troughed at 0.0 in Q2 2025.
- A 5-year average of 0.0 and a median of 0.0 in 2022 frame the typical range for Debt Ratio.
- The sharpest annual moves came in 2023 and 2025: Debt Ratio sank 87.95% in 2023, then surged 466.37% in 2025.
- Over 5 years, Debt Ratio stood at 0.01 in 2021, then sank by 65.8% to 0.0 in 2022, then rose by 17.98% to 0.0 in 2023, then slumped by 68.92% to 0.0 in 2024, then soared by 466.37% to 0.01 in 2025.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.01, 0.0, and 0.0 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 0.11 |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 0.19 |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | -0.09 |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 0.31 |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | - | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 0.22 |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 0.06 |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | - | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 0.88 |
| 10 | Zhihu | 220.44 Mn | -357.04 Mn | - | 0.02 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.02 |
| Dec 31, 2025 | 0.01 |
| Sep 30, 2025 | 0.02 |
| Jun 30, 2025 | 0.03 |
| Mar 31, 2025 | 0.01 |
| Sep 30, 2024 | 0.01 |
| Jun 30, 2024 | 0.01 |
| Dec 31, 2021 | 0.00 |