Zoetis Inc (ZTS)
Financial leverage 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 assets | US$ in thousands | 14,237,000 | 14,357,000 | 14,165,000 | 14,348,000 | 14,286,000 | 14,106,000 | 13,749,000 | 13,754,000 | 14,925,000 | 13,674,000 | 13,770,000 | 13,860,000 | 13,900,000 | 13,705,000 | 14,069,000 | 13,796,000 | 13,600,000 | 13,725,000 | 13,069,000 | 11,528,000 |
| 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 |
| Financial leverage ratio | 2.98 | 2.74 | 2.85 | 2.84 | 2.86 | 2.78 | 2.97 | 3.06 | 3.39 | 2.93 | 3.01 | 2.98 | 3.06 | 2.93 | 3.23 | 3.37 | 3.61 | 3.81 | 4.38 | 4.19 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,237,000K ÷ $4,770,000K
= 2.98
The financial leverage ratio of Zoetis Inc has shown a declining trend over the past five years. Starting at 4.19 in March 2020, the ratio increased to 4.38 in June 2020 before gradually decreasing to 2.74 as of September 30, 2024. This indicates that the company's reliance on debt to finance its operations has decreased over time, suggesting a healthier financial position in terms of leveraging. However, it is important to consider other factors such as the company's profitability and cash flow to assess the overall financial health and sustainability of Zoetis Inc.
Peer comparison
Dec 31, 2024