Zoetis Inc (ZTS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 4,748,000 | 4,618,000 | 4,484,000 | 4,379,000 |
| 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 |
| Current ratio | 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 | 2.63 | 4.39 | 4.17 | 4.05 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,343,000K ÷ $1,889,000K
= 3.36
The current ratio of Zoetis Inc has shown a positive trend over the last eight quarters, indicating a strong liquidity position. The ratio has consistently increased from 2.25 in Q1 2022 to 3.36 in Q4 2023. This signifies that the company has more than enough current assets to cover its current liabilities. The current ratio exceeding 1.0 in each period demonstrates that Zoetis Inc can easily meet its short-term obligations. Overall, the improving trend in the current ratio reflects a healthy financial position and efficient management of current assets and liabilities by Zoetis Inc.
Peer comparison
Dec 31, 2023