Zoetis Balance Sheet Health
Financial Health criteria checks 5/6
Zoetis has a total shareholder equity of $4.4B and total debt of $7.9B, which brings its debt-to-equity ratio to 180.3%. Its total assets and total liabilities are $14.9B and $10.5B respectively. Zoetis's EBIT is $2.9B making its interest coverage ratio 17.2. It has cash and short-term investments of $3.6B.
Key information
180.3%
Debt to equity ratio
US$7.94b
Debt
Interest coverage ratio | 17.2x |
Cash | US$3.58b |
Equity | US$4.40b |
Total liabilities | US$10.52b |
Total assets | US$14.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZOE's short term assets ($7.5B) exceed its short term liabilities ($3.2B).
Long Term Liabilities: ZOE's short term assets ($7.5B) exceed its long term liabilities ($7.4B).
Debt to Equity History and Analysis
Debt Level: ZOE's net debt to equity ratio (99%) is considered high.
Reducing Debt: ZOE's debt to equity ratio has reduced from 277.3% to 180.3% over the past 5 years.
Debt Coverage: ZOE's debt is well covered by operating cash flow (24.1%).
Interest Coverage: ZOE's interest payments on its debt are well covered by EBIT (17.2x coverage).