ZKHZKH Group Limited
Is it safe?
Caution warranted: heavy debt (BB) and big price swings.
Net cash, but unprofitable, speculative. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -90% · now 45% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can ZKH take a bad year?
ZKH Group Limited holds $1.57B more cash than debt, and is burning $11M a quarter, about 41.9 years of cover.
Net cash
- Net debt / EBITDA
- net cash
Net debt / EBITDA · no net borrowings to measure against earnings
- Cash runway
- 5+ years
Cash runway · burning $11M a quarter at the current rate
- Annualised volatility
- 55%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtFY2025
- $285M
- Cash and short-term investments
- $1.86B
- Net cash
- $1.57B
- EBITDA, trailing twelve months
- −$165M
- Operating profit, trailing twelve months
- −$213M
- Debt / equity
- 0.10×
- Annualised volatilitytwo years of daily moves
- 55%
- Worst drawdown on file
- −90%
- Below its 52-week high
- 45%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
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