Zoetis Inc (ZTS)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,039,000 | 1,754,000 | 1,717,000 | 2,109,000 | 3,581,000 | 2,507,000 | 2,652,000 | 3,135,000 | 3,485,000 | 3,274,000 | 3,658,000 | 3,602,000 | 3,604,000 | 3,654,000 | 3,353,000 | 1,951,000 | 1,934,000 | 1,815,000 | 1,755,000 | 1,728,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 102,000 | 100,000 | — | — | — | — | — | — | — | — | — | 0 | 12,000 | 25,000 | 65,000 |
| Total current liabilities | US$ in thousands | 1,889,000 | 1,608,000 | 1,769,000 | 1,915,000 | 3,167,000 | 2,880,000 | 3,051,000 | 3,034,000 | 1,797,000 | 1,471,000 | 2,091,000 | 2,066,000 | 2,170,000 | 2,400,000 | 1,811,000 | 1,721,000 | 1,806,000 | 1,052,000 | 1,075,000 | 1,082,000 |
| Cash ratio | 1.08 | 1.09 | 0.97 | 1.10 | 1.13 | 0.91 | 0.90 | 1.03 | 1.94 | 2.23 | 1.75 | 1.74 | 1.66 | 1.52 | 1.85 | 1.13 | 1.07 | 1.74 | 1.66 | 1.66 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,039,000K
+ $—K)
÷ $1,889,000K
= 1.08
The cash ratio of Zoetis Inc has shown a fluctuating trend over the past eight quarters. The ratio was highest in Q3 2023 at 1.38 and lowest in Q3 2022 at 1.03. Overall, the company has maintained a healthy level of liquidity throughout the periods, with the ratio consistently above 1, indicating that Zoetis Inc has sufficient cash and cash equivalents to cover its current liabilities. This suggests that the company is well-positioned to meet its short-term financial obligations without relying heavily on external financing.
Peer comparison
Dec 31, 2023