Zoetis Inc (ZTS)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,985,000 | 1,714,000 | 1,574,000 | 1,975,000 | 2,041,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 102,000 | 100,000 | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,412,000 | 1,702,000 | 1,797,000 | 1,909,000 | 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 |
| Cash ratio | 0.58 | 1.01 | 0.88 | 1.03 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,985,000K
+ $—K)
÷ $3,412,000K
= 0.58
The cash ratio of Zoetis Inc has shown some fluctuations over the years, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio for Zoetis Inc was consistently above 1 from March 2020 to March 2023, with the highest ratio of 2.23 reported on September 30, 2021. This suggests that the company had more than enough cash and cash equivalents to cover its current liabilities during this period.
However, from June 2023 onwards, the cash ratio started to decline and fell below 1, reaching as low as 0.58 on December 31, 2024. This downward trend indicates a potential strain on the company's ability to meet its short-term obligations solely with its available cash and cash equivalents.
Overall, fluctuations in Zoetis Inc's cash ratio over the years may be a signal for investors and stakeholders to closely monitor the company's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024