To the full analysis
J&T Global Express stock: balance sheet and debt
1519.HKJ&T Global Express has a debt to equity ratio of 1.02 and an interest coverage of 3.3x.
Daily figure as of 13 Nov 2026
Debt / Equity
1.02
Interest coverage
3.3x
Current ratio
1.3
Cash & equivalents
$2.26B
Total assets
$8.8B
Equity ratio
32.3%
Goodwill
$968.09M
Plus intangible assets of $144.21M
Net debt
$645.2M
Total assets and equity ratio
How large the balance sheet of J&T Global Express Ltd is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2020 | $2.24B | $6.01M | $1.66M | −38.8% | −$52.67M |
| 2021 | $6.54B | $1.13B | $945.83M | −101.4% | −$1.46B |
| 2022 | $5.94B | $963.57M | $803.44M | −84.0% | $70.56M |
| 2023 | $6.6B | $974.53M | $839.63M | 37.6% | $258.05M |
| 2024 | $7.29B | $1.12B | $954.25M | 34.6% | $354.24M |
| 2025 | $8.8B | $1.11B | $968.09M | 32.3% | $645.2M |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2020 | $671.75M | −$759.23M | $619.08M | −0.71 |
| 2021 | $2.14B | −$6.59B | $687.75M | −0.1 |
| 2022 | $1.52B | −$4.85B | $1.59B | −0.32 |
| 2023 | $1.53B | $2.75B | $1.79B | 0.72 |
| 2024 | $1.7B | $2.83B | $2.05B | 0.81 |
| 2025 | $2.26B | $3.15B | $2.91B | 1.02 |
Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = HK$7.8782)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 3 Apr 2026)
- Valuation signal Fairly valued since 13 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.