Zkh (ZKH) Debt Ratio (2022 - 2026)

Zkh (ZKH) reported Debt Ratio of 0.04 for Q1 2026, up 29.76% on a YoY basis from 0.03 in Q1 2025, and down 99.9% quarter-over-quarter from 43.29 in Q4 2025.

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

Zkh has reported Debt Ratio for 5 years, with the latest figure at 0.04 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 29.76% year-over-year to 0.04; the trailing twelve-month figure through Mar 2026 stood at 0.04 (up 29.76% YoY), and the FY2025 full-year result was 0.04, down 18.21% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.04, down from 43.29 in the prior quarter.
  • The five-year high for Debt Ratio was 43.29 in Q4 2025, with the low at 0.01 in Q4 2024.
  • Historically, Debt Ratio has averaged 3.99 across 5 years, with a median of 0.06 in 2025.
  • Annual changes were most pronounced in 2024 — Debt Ratio slumped 92.38% — and 2025, when it jumped 717415.59%.
  • Zkh's Debt Ratio 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 2,551.03 Bn 2,407.94 Bn 171.21 Bn 0.13
2 Mercadolibre 82.72 Bn 77.07 Bn 3.86 Bn 0.21
3 DoorDash 72.09 Bn 67.22 Bn 2.04 Bn -
4 PDD Holdings 62.92 Bn 38.25 Bn 12.81 Bn -
5 Ebay 48.30 Bn 44.44 Bn 2.29 Bn 0.38
6 Coupang 34.44 Bn 34.35 Bn 2.30 Bn 0.10
7 Zkh 14.36 Bn 14.36 Bn 285.30 Mn 0.04
8 Wayfair 10.72 Bn 9.65 Bn 880.00 Mn 1.02
9 Maplebear 10.27 Bn 9.58 Bn 738.00 Mn -
10 Chewy 7.37 Bn 6.85 Bn 1.01 Bn -

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