Zoetis Balance Sheet Health
Financial Health criteria checks 4/6
Zoetis has a total shareholder equity of $5.2B and total debt of $6.6B, which brings its debt-to-equity ratio to 126%. Its total assets and total liabilities are $14.4B and $9.1B respectively. Zoetis's EBIT is $3.3B making its interest coverage ratio 26.1. It has cash and short-term investments of $1.7B.
Key information
126.0%
Debt to equity ratio
US$6.59b
Debt
| Interest coverage ratio | 26.1x |
| Cash | US$1.71b |
| Equity | US$5.23b |
| Total liabilities | US$9.12b |
| Total assets | US$14.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZTS *'s short term assets ($6.3B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: ZTS *'s short term assets ($6.3B) do not cover its long term liabilities ($7.4B).
Debt to Equity History and Analysis
Debt Level: ZTS *'s net debt to equity ratio (93.2%) is considered high.
Reducing Debt: ZTS *'s debt to equity ratio has reduced from 241% to 126% over the past 5 years.
Debt Coverage: ZTS *'s debt is well covered by operating cash flow (44.7%).
Interest Coverage: ZTS *'s interest payments on its debt are well covered by EBIT (26.1x coverage).