Pfizer Inc (PFE)

Debt-to-equity ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 61,538,000 32,884,000 36,195,000 37,133,000 35,955,000
Total stockholders’ equity US$ in thousands 89,014,000 95,661,000 77,201,000 63,238,000 63,143,000
Debt-to-equity ratio 0.69 0.34 0.47 0.59 0.57

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $61,538,000K ÷ $89,014,000K
= 0.69

The debt-to-equity ratio of Pfizer Inc. has fluctuated over the past five years. In 2023, the ratio increased to 0.81 from 0.37 in 2022, indicating a higher level of debt relative to equity. This may suggest that Pfizer has taken on more debt in 2023 compared to the previous year.

The ratio has shown a general upward trend from 2020 to 2023, with the ratio peaking at 0.83 in 2019. This suggests that Pfizer's reliance on debt as a source of financing has been increasing during this period.

Overall, the trend in the debt-to-equity ratio indicates that Pfizer has been increasingly leveraging its operations with debt over the past few years, potentially to fund growth initiatives or other strategic endeavors. Investors and analysts may monitor this ratio closely as high levels of debt can indicate increased financial risk for the company.


Peer comparison

Dec 31, 2023


See also:

Pfizer Inc Debt to Equity