ZIM Integrated Shipping Services Ltd. (ZIM) Balance Sheet
ZIM balance sheet, 2025
December 31, 2025 · U.S. dollars$11.01B assets = $6.98B liabilities + $4.03B equity
Both columns are drawn to the same scale: what ZIM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ZIM financial health
Descriptive bands, not a rating. Fiscal 2025.
ZIM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.70B2016 | $11.01B2025 | +23.0%/yr | |
| Total liabilities | $1.80B2016 | $6.98B2025 | +16.2%/yr | |
| Shareholders’ equity | −$103.8M2016 | $4.02B2025 | — | |
| Cash & short-term investments | $186.9M2016 | $1.79B2025 | +28.5%/yr | |
| Total debt | $1.37B2016 | $5.74B2025 | +17.3%/yr | |
| Net cash (debt) | −$1.18B2016 | −$3.95B2025 | −$2.8B | |
| Working capital | −$86.2M2016 | $496.5M2025 | +$582.7M | |
| Book value per share | −$1.042016 | $33.362025 | — | |
| Current ratio | 0.842016 | 1.232025 | +0.39 | |
| Debt / equity | 6.852020 | 1.432025 | −5.43 | |
| Shares outstanding | 100.0M2016 | 120.5M2025 | +2.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZIM assets
ZIM liabilities and equity
ZIM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ZIM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.79B | $2.12B | $1.80B | $3.26B | $3.69B | $629.4M | $241.8M | $254.9M | $252.6M | $186.9M |
| Cash & equivalents | $1.05B | $1.31B | $921.5M | $1.02B | $1.54B | $570.4M | $182.8M | $186.3M | $157.9M | $157.6M |
| Short-term investments | $735.1M | $800.4M | $874.1M | $2.23B | $2.14B | $59.0M | $59.0M | $68.7M | $94.7M | $29.3M |
| Receivables | $653.5M | $908.5M | $562.5M | $800.8M | $1.22B | $490.0M | $291.5M | $352.8M | $230.7M | $198.7M |
| Inventory | $167.8M | $212.2M | $179.3M | $190.7M | $119.0M | $52.2M | $60.3M | $70.5M | $63.8M | $41.5M |
| Other current assets | $22.5M | $25.1M | $34.0M | $24.9M | $55.8M | $30.0M | $37.1M | $68.4M | $15.6M | $17.6M |
| Total current assets | $2.63B | $3.26B | $2.57B | $4.27B | $5.08B | $1.20B | $630.8M | $746.6M | $562.7M | $444.7M |
| Property, plant & equipment (net) | $7.04B | $6.84B | $4.64B | $5.75B | $4.39B | $1.54B | $1.21B | $990.1M | $1.11B | $1.12B |
| Goodwill & intangible assets | $109.4M | $109.8M | $102.0M | $92.9M | $73.8M | $66.5M | $64.9M | $64.6M | $61.2M | $51.5M |
| Long-term investments | $1.08B | $1.11B | $935.1M | $1.40B | $181.4M | $13.3M | $11.2M | $11.5M | $0 | $0 |
| Other non-current assets | $146.2M | $68.5M | $100.5M | $114.4M | $109.2M | $6.8M | $6.4M | $13.2M | $69.9M | $88.5M |
| Total assets | $11.01B | $11.39B | $8.35B | $11.63B | $9.84B | $2.82B | $1.93B | $1.83B | $1.80B | $1.70B |
| Liabilities | ||||||||||
| Accounts payable | $467.1M | $508.3M | $414.6M | $427.2M | $433.9M | $305.0M | $350.8M | $377.8M | $275.7M | $261.6M |
| Short-term debt | $1.14B | $1.37B | $1.69B | $1.48B | $1.02B | $500.7M | $355.6M | $314.3M | $423.2M | $160.7M |
| Deferred revenue | $254.2M | $420.1M | $207.6M | $238.9M | $628.5M | $238.3M | $141.5M | $158.1M | $8.7M | $6.5M |
| Total current liabilities | $2.13B | $2.61B | $2.52B | $2.66B | $2.76B | $1.15B | $926.3M | $933.0M | $686.7M | $530.8M |
| Long-term debt | $4.59B | $4.65B | $3.31B | $2.86B | $2.30B | $1.33B | $1.18B | $1.06B | $0 | $0 |
| Lease obligations | $5.65B | $5.92B | $4.89B | $4.16B | $3.07B | $1.17B | $857.3M | $614.0M | — | — |
| Other long-term liabilities | $261.2M | $89.4M | $63.7M | $210.3M | $186.2M | $67.0M | $68.3M | $60.5M | $1.21B | $1.27B |
| Total liabilities | $6.98B | $7.35B | $5.89B | $5.73B | $5.24B | $2.55B | $2.18B | $2.05B | $1.90B | $1.80B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $927.6M | $927.3M | $926.6M | $925.9M | $923.2M | $88,000 | $88,000 | $88,000 | $88,000 | $88,000 |
| Retained earnings (deficit) | $1.97B | $2.00B | $437.2M | $3.90B | $2.58B | −$1.52B | −$2.04B | −$2.02B | −$788.7M | −$791.6M |
| Accumulated other comprehensive income | $1.12B | $1.11B | $1.09B | $1.99B | $2.01B | $1.79B | $1.08B | $1.09B | −$11.6M | −$12.5M |
| Minority interest | $4.7M | $5.8M | $3.3M | $6.3M | — | — | — | — | — | — |
| Total shareholders' equity | $4.02B | $4.04B | $2.45B | $5.89B | $4.59B | $267.3M | −$257.7M | −$230.3M | −$100.0M | −$103.8M |
| Key figures | ||||||||||
| Total debt | $5.74B | $6.02B | $5.01B | $4.35B | $3.32B | $1.83B | $1.54B | $1.37B | $1.45B | $1.37B |
| Net cash (debt) | −$3.95B | −$3.90B | −$3.21B | −$1.09B | $364.5M | −$1.20B | −$1.30B | −$1.12B | −$1.20B | −$1.18B |
| Working capital | $496.5M | $649.7M | $53.3M | $1.61B | $2.33B | $50.1M | −$295.5M | −$186.3M | −$124.0M | −$86.2M |
| Tangible book value | $3.91B | $3.93B | $2.35B | $5.80B | $4.52B | $200.8M | −$322.6M | −$294.9M | −$161.2M | −$155.3M |
| Book value per share | $33.36 | $33.50 | $20.42 | $48.90 | $38.61 | $2.22 | −$2.19 | −$2.21 | −$1.00 | −$1.04 |
| Shares outstanding | 120.5M | 120.5M | 120.2M | 120.4M | 118.9M | 120.1M | 117.5M | 104.3M | 100.0M | 100.0M |
| Current ratio | 1.23 | 1.25 | 1.02 | 1.60 | 1.84 | 1.04 | 0.68 | 0.80 | 0.82 | 0.84 |
| Quick ratio | 1.14 | 1.16 | 0.94 | 1.52 | 1.78 | 0.97 | 0.58 | 0.65 | 0.70 | 0.73 |
| Debt / equity | 1.43 | 1.49 | 2.04 | 0.74 | 0.72 | 6.85 | — | — | — | — |
| Equity / assets | 36.5% | 35.4% | 29.4% | 50.7% | 46.7% | 9.5% | −13.4% | −12.6% | −5.5% | −6.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.64B | $1.63B | $1.79B | $1.95B | $1.77B | $2.31B | $2.12B | $2.32B | $1.59B | $1.43B | $1.80B | $1.83B |
| Cash & equivalents | $1.04B | $921.6M | $1.05B | $1.30B | $1.19B | $1.55B | $1.31B | $1.55B | $889.8M | $687.9M | $921.5M | $912.1M |
| Short-term investments | $600.9M | $705.7M | $735.1M | $651.1M | $585.7M | $765.4M | $800.4M | $766.6M | $699.1M | $744.8M | $874.1M | $918.6M |
| Receivables | $992.7M | $720.9M | $653.5M | $650.1M | $794.6M | $760.0M | $908.5M | $1.06B | $1.03B | $868.0M | $562.5M | $644.3M |
| Inventory | $223.1M | $206.6M | $167.8M | $182.0M | $199.3M | $217.5M | $212.2M | $208.4M | $187.7M | $197.3M | $179.3M | $156.4M |
| Other current assets | $0 | $0 | $22.5M | $0 | $0 | $0 | $25.1M | $0 | $0 | $0 | $34.0M | $0 |
| Total current assets | $2.85B | $2.55B | $2.63B | $2.78B | $2.77B | $3.29B | $3.26B | $3.59B | $2.81B | $2.50B | $2.57B | $2.63B |
| Property, plant & equipment (net) | $6.59B | $6.78B | $7.04B | $6.80B | $6.99B | $6.90B | $6.84B | $6.38B | $5.92B | $5.40B | $4.64B | $4.07B |
| Goodwill & intangible assets | $108.0M | $108.5M | $109.4M | $108.6M | $109.9M | $110.3M | $109.8M | $107.6M | $105.7M | $104.8M | $102.0M | $93.3M |
| Long-term investments | $989.4M | $1.00B | $1.08B | $1.13B | $1.17B | $1.13B | $1.11B | $870.6M | $800.4M | $844.3M | $935.1M | $1.28B |
| Other non-current assets | $126.3M | $130.4M | $146.2M | $52.7M | $58.1M | $63.1M | $68.5M | $72.4M | $79.1M | $85.2M | $100.5M | $115.1M |
| Total assets | $10.67B | $10.58B | $11.01B | $10.87B | $11.10B | $11.49B | $11.39B | $11.02B | $9.71B | $8.93B | $8.35B | $8.19B |
| Liabilities | ||||||||||||
| Accounts payable | $714.4M | $703.7M | $467.1M | $609.6M | $641.7M | $1.14B | $508.3M | $668.3M | $610.3M | $612.2M | $414.6M | $554.6M |
| Short-term debt | $1.08B | $1.11B | $1.14B | $1.18B | $1.22B | $1.28B | $1.37B | $1.49B | $1.53B | $1.58B | $1.69B | $1.72B |
| Deferred revenue | $384.6M | $214.2M | $239.9M | $239.2M | $353.7M | $287.7M | $420.1M | $433.8M | $475.1M | $292.9M | $207.6M | $207.3M |
| Total current liabilities | $2.30B | $2.15B | $2.13B | $2.13B | $2.30B | $2.79B | $2.61B | $2.69B | $2.70B | $2.55B | $2.52B | $2.54B |
| Long-term debt | $42.2M | $43.1M | $4.60B | $4.48B | $4.70B | $4.60B | $4.66B | $4.35B | $65.2M | $66.6M | $62.1M | $79.3M |
| Lease obligations | $5.23B | $5.39B | $5.65B | $5.57B | $5.82B | $5.77B | $5.92B | $5.72B | $5.48B | $5.25B | $4.89B | $4.62B |
| Other long-term liabilities | $4.44B | $4.56B | $249.6M | $236.2M | $191.8M | $138.8M | $75.1M | $48.6M | $4.05B | $3.77B | $3.31B | $3.00B |
| Total liabilities | $6.78B | $6.75B | $6.98B | $6.85B | $7.20B | $7.53B | $7.35B | $7.09B | $6.82B | $6.39B | $5.89B | $5.62B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $939.5M | $939.0M | $927.6M | $927.6M | $927.6M | $927.5M | $927.3M | $927.1M | $927.0M | $926.8M | $926.6M | $926.4M |
| Retained earnings (deficit) | $1.84B | $1.78B | $1.97B | $1.97B | $1.85B | $1.92B | $2.00B | $1.88B | $872.4M | $527.4M | $437.2M | $586.9M |
| Accumulated other comprehensive income | $1.10B | $1.11B | $1.12B | $1.12B | $1.12B | $1.11B | $1.11B | $1.11B | $1.09B | $1.09B | $1.09B | $1.05B |
| Minority interest | $3.4M | $3.9M | $4.7M | $4.7M | $4.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $3.88B | $3.82B | $4.02B | $4.02B | $3.90B | $3.96B | $4.04B | $3.93B | $2.89B | $2.54B | $2.45B | $2.57B |
| Key figures | ||||||||||||
| Total debt | $5.31B | $5.48B | $5.74B | $5.66B | $5.92B | $5.88B | $6.02B | $5.84B | $5.60B | $5.37B | $5.01B | $4.75B |
| Net cash (debt) | −$3.67B | −$3.85B | −$3.95B | −$3.71B | −$4.14B | −$3.57B | −$3.90B | −$3.53B | −$4.01B | −$3.93B | −$3.21B | −$2.92B |
| Working capital | $558.4M | $404.8M | $496.5M | $649.0M | $462.2M | $495.2M | $649.7M | $899.1M | $104.1M | −$53.6M | $53.3M | $95.1M |
| Tangible book value | $3.77B | $3.72B | $3.91B | $3.91B | $3.79B | $3.85B | $3.93B | $3.82B | $2.78B | $2.44B | $2.35B | $2.47B |
| Book value per share | $32.17 | $31.74 | $33.36 | $33.32 | $32.34 | $32.84 | $33.50 | $32.59 | $23.98 | $21.10 | $20.41 | $21.36 |
| Shares outstanding | 120.7M | 120.5M | 120.5M | 120.5M | 120.5M | 120.5M | 120.5M | 120.5M | 120.5M | 120.5M | 120.3M | 120.2M |
| Current ratio | 1.24 | 1.19 | 1.23 | 1.30 | 1.20 | 1.18 | 1.25 | 1.33 | 1.04 | 0.98 | 1.02 | 1.04 |
| Quick ratio | 1.15 | 1.09 | 1.14 | 1.22 | 1.11 | 1.10 | 1.16 | 1.26 | 0.97 | 0.90 | 0.94 | 0.98 |
| Debt / equity | 1.37 | 1.43 | 1.43 | 1.41 | 1.52 | 1.49 | 1.49 | 1.49 | 1.94 | 2.11 | 2.04 | 1.85 |
| Equity / assets | 36.4% | 36.2% | 36.5% | 36.9% | 35.1% | 34.4% | 35.4% | 35.6% | 29.8% | 28.5% | 29.4% | 31.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 9, 2026); data from EODHD.
ZIM financial position
At the end of fiscal 2025 (December 31, 2025), ZIM Integrated Shipping Services had total assets of $11.0 billion (down 3.3% from a year earlier), total liabilities of $7.0 billion and shareholders' equity of $4.0 billion. It held $1.8 billion in cash and short-term investments against $5.7 billion of debt, net debt of $4.0 billion. Its current ratio was 1.23. In the latest quarter (ended June 30, 2026) total assets were $10.7 billion and equity $3.9 billion.
Related: ZIM income statement, ZIM cash flow statement, ZIM key metrics. See the ZIM stock overview for the latest quote and news.
ZIM balance sheet FAQ
What are ZIM Integrated Shipping Services's total assets?
ZIM Integrated Shipping Services reported total assets of $11.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $11.4 billion a year earlier.
How much debt does ZIM Integrated Shipping Services have?
ZIM Integrated Shipping Services had $5.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.43.
How much cash does ZIM Integrated Shipping Services have?
ZIM Integrated Shipping Services held $1.8 billion in cash and short-term investments at the end of fiscal 2025; with $5.7 billion of debt that is net debt of $4.0 billion.
What is ZIM Integrated Shipping Services's book value?
ZIM Integrated Shipping Services's shareholders' equity (book value) was $4.0 billion at the end of fiscal 2025, or $33.36 per share.
What is ZIM Integrated Shipping Services's current ratio?
ZIM Integrated Shipping Services had current assets of $2.6 billion and current liabilities of $2.1 billion, a current ratio of 1.23 (it can cover its short-term obligations).
How much goodwill does ZIM Integrated Shipping Services have?
ZIM Integrated Shipping Services carried $109.4 million of goodwill and intangible assets, 1.0% of total assets, at the end of fiscal 2025.