Zoetis Balance Sheet Health
Financial Health criteria checks 4/6
Zoetis has a total shareholder equity of $5.0B and total debt of $6.6B, which brings its debt-to-equity ratio to 132.1%. Its total assets and total liabilities are $14.3B and $9.3B respectively. Zoetis's EBIT is $3.1B making its interest coverage ratio 22.9. It has cash and short-term investments of $2.0B.
Key information
132.1%
Debt to equity ratio
US$6.59b
Debt
Interest coverage ratio | 22.9x |
Cash | US$2.04b |
Equity | US$4.99b |
Total liabilities | US$9.30b |
Total assets | US$14.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZOE's short term assets ($6.3B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: ZOE's short term assets ($6.3B) do not cover its long term liabilities ($7.4B).
Debt to Equity History and Analysis
Debt Level: ZOE's net debt to equity ratio (91.2%) is considered high.
Reducing Debt: ZOE's debt to equity ratio has reduced from 295.3% to 132.1% over the past 5 years.
Debt Coverage: ZOE's debt is well covered by operating cash flow (35.7%).
Interest Coverage: ZOE's interest payments on its debt are well covered by EBIT (22.9x coverage).