ZTO Express (Cayman) (ZTO) Convertible Debt (2022 - 2025)

ZTO Express (Cayman) has disclosed Convertible Debt across 4 years of filings, most recently posting $17.5 million for Q4 2025.

• Convertible Debt for Q4 2025 came in at $17.5 million, down 98.27% year-over-year; the trailing twelve-month figure through Dec 2025 was $17.5 million (down 98.27% YoY), and the FY2025 annual result was $17.7 million, down 98.22% from the prior year.
• Convertible Debt came in at $17.5 million for Q4 2025 at ZTO Express (Cayman), down from $989.4 million in the prior quarter.
• In the past five years, Convertible Debt ranged from a high of $1.0 billion in Q4 2024 to a low of $17.5 million in Q4 2025.
• The 4-year median for Convertible Debt is $989.0 million (2025), against an average of $891.1 million.
• Across the five-year window, Convertible Debt advanced 3.67% in 2024 and tumbled 98.27% in 2025, its largest moves.
• ZTO Express (Cayman)'s Convertible Debt stood at $954.6 million in 2022, then grew by 2.28% to $976.3 million in 2023, then gained by 3.67% to $1.0 billion in 2024, then sank by 98.27% to $17.5 million in 2025.
• The last three Convertible Debt figures came in at $17.5 million (Q4 2025), $989.4 million (Q2 2025), and $997.5 million (Q1 2025), per Business Quant data.