Zoetis Inc (ZTS)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,220,000 | 6,574,000 | 6,563,000 | 6,562,000 | 6,564,000 | 6,552,000 | 6,555,000 | 6,559,000 | 6,552,000 | 5,210,000 | 5,221,000 | 5,228,000 | 6,592,000 | 6,592,000 | 6,592,000 | 6,587,000 | 6,595,000 | 6,595,000 | 7,194,000 | 5,963,000 |
| Total stockholders’ equity | US$ in thousands | 4,770,000 | 5,234,000 | 4,966,000 | 5,058,000 | 4,997,000 | 5,078,000 | 4,625,000 | 4,494,000 | 4,405,000 | 4,663,000 | 4,580,000 | 4,658,000 | 4,543,000 | 4,679,000 | 4,350,000 | 4,089,000 | 3,769,000 | 3,602,000 | 2,982,000 | 2,753,000 |
| Debt-to-capital ratio | 0.52 | 0.56 | 0.57 | 0.56 | 0.57 | 0.56 | 0.59 | 0.59 | 0.60 | 0.53 | 0.53 | 0.53 | 0.59 | 0.58 | 0.60 | 0.62 | 0.64 | 0.65 | 0.71 | 0.68 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,220,000K ÷ ($5,220,000K + $4,770,000K)
= 0.52
The debt-to-capital ratio of Zoetis Inc has shown a general downward trend over the past few years, indicating a reduction in the proportion of debt to total capital employed by the company. As of December 31, 2024, the ratio stands at 0.52, suggesting that 52% of the company's capital structure is funded by debt. This gradual decline in the ratio may indicate improved financial stability and lower financial risk for the company. It is important for stakeholders to monitor this ratio to assess the company's leverage and financial health.
Peer comparison
Dec 31, 2024