Zoetis Inc (ZTS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,986,000 | 6,282,000 | 6,202,000 | 6,359,000 | 6,343,000 | 6,222,000 | 6,183,000 | 6,269,000 | 7,506,000 | 6,551,000 | 6,651,000 | 6,837,000 | 6,930,000 | 6,682,000 | 7,048,000 | 6,794,000 | 6,611,000 | 6,757,000 | 6,285,000 | 4,772,000 |
| 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 |
| Current ratio | 1.75 | 3.69 | 3.45 | 3.33 | 3.36 | 3.87 | 3.50 | 3.27 | 2.37 | 2.27 | 2.18 | 2.25 | 3.86 | 4.54 | 3.37 | 3.29 | 3.05 | 2.82 | 3.47 | 2.77 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,986,000K ÷ $3,412,000K
= 1.75
The current ratio of Zoetis Inc has shown fluctuating trends over the past few years. Starting from March 31, 2020, with a ratio of 2.77, the ratio increased steadily to reach a peak of 4.54 on September 30, 2021. This high ratio indicates that the company had a strong ability to cover its short-term obligations with its current assets during that period. However, the ratio started to decline after September 2021, reaching 1.75 on December 31, 2024.
Overall, the current ratio of Zoetis Inc has demonstrated some volatility, indicating potential fluctuations in the company's liquidity position over time. It is essential for stakeholders to closely monitor this ratio to assess the company's short-term financial health and its ability to meet its current liabilities as they come due.
Peer comparison
Dec 31, 2024