Zoetis Balance Sheet Health
Financial Health criteria checks 4/6
Zoetis has a total shareholder equity of $5.1B and total debt of $6.6B, which brings its debt-to-equity ratio to 131%. Its total assets and total liabilities are $14.3B and $9.3B respectively. Zoetis's EBIT is $3.1B making its interest coverage ratio 24.2. It has cash and short-term investments of $2.0B.
Key information
131.0%
Debt to equity ratio
US$6.62b
Debt
Interest coverage ratio | 24.2x |
Cash | US$1.98b |
Equity | US$5.05b |
Total liabilities | US$9.30b |
Total assets | US$14.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZOTS's short term assets ($6.4B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: ZOTS's short term assets ($6.4B) do not cover its long term liabilities ($7.4B).
Debt to Equity History and Analysis
Debt Level: ZOTS's net debt to equity ratio (91.9%) is considered high.
Reducing Debt: ZOTS's debt to equity ratio has reduced from 278.1% to 131% over the past 5 years.
Debt Coverage: ZOTS's debt is well covered by operating cash flow (36.3%).
Interest Coverage: ZOTS's interest payments on its debt are well covered by EBIT (24.2x coverage).