Zkh (ZKH) Debt Ratio (2022 - 2026)

Zkh's (ZKH) quarterly Debt Ratio came in at 0.04 in Q1 2026, up 29.98% YoY from 0.03 in Q1 2025, and down 99.9% on a QoQ basis from 43.29 in Q4 2025.

Zkh (ZKH) Debt Ratio (2022 - 2026) Analysis & Trends

Zkh (ZKH) has 5 years of Debt Ratio data on file, last reported at 0.04 in Q1 2026.

  • Quarterly Debt Ratio rose 29.98% year-over-year to 0.04 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.04 (up 29.98% YoY) and the FY2025 annual result came in at 0.04, down 18.21% from the prior year.
  • Debt Ratio declined to 0.04 in Q1 2026, from 43.29 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 43.29 in Q4 2025 to a low of 0.01 in Q4 2024.
  • A 5-year average of 3.99 and a median of 0.06 in 2025 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2024 — Debt Ratio slumped 92.38% — and 2025, when it jumped 717415.59%.
  • Tracing ZKH's Debt Ratio over 5 years: stood at 0.04 in 2022, then surged by 115.85% to 0.08 in 2023, then tumbled by 92.38% to 0.01 in 2024, then jumped by 717415.59% to 43.29 in 2025, then tumbled by 99.9% to 0.04 in 2026.
  • The last three Debt Ratio figures came in at 0.04 (Q1 2026), 43.29 (Q4 2025), and 0.05 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Amazon Com 2,927.45 Bn 2,804.46 Bn 198.88 Bn 0.12
2 PDD Holdings 507.18 Bn 447.64 Bn 9.83 Bn 0.00
3 Mercadolibre 97.45 Bn 82.26 Bn 4.16 Bn 0.21
4 DoorDash 92.85 Bn 87.50 Bn 2.35 Bn -
5 JD.com 87.53 Bn 58.35 Bn 7.66 Bn 0.03
6 Sea 78.11 Bn 69.59 Bn 3.15 Bn 0.01
7 Ebay 47.50 Bn 44.19 Bn 2.30 Bn 0.38
8 Coupang 29.76 Bn 23.65 Bn 2.49 Bn 0.15
9 Zkh 16.08 Bn 16.08 Bn 51.11 Mn 0.04
10 Wayfair 13.69 Bn 12.55 Bn 1.05 Bn 0.95

Historic Data

Download Data
DateValue
Mar 31, 2026 0.04
Dec 31, 2025 43.29
Sep 30, 2025 0.05
Jun 30, 2025 0.06
Mar 31, 2025 0.03
Dec 31, 2024 0.01
Sep 30, 2024 0.08
Jun 30, 2024 0.09
Mar 31, 2024 0.10
Dec 31, 2023 0.08
Dec 31, 2022 0.04