Zoetis Inc. (ZTS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 6.47B | 6.77B | 6.58B | 5.92B | 5.88B | 5.99B | 6.28B | 6.2B | 6.36B | 6.34B | 6.22B | 6.18B | 6.27B | 7.51B | 6.55B | 6.65B | 6.84B | 6.93B | 6.68B | 7.05B |
| Cash & Short-Term Investments | 1.94B | 2.31B | 2.08B | 1.44B | 1.72B | 1.99B | 1.71B | 1.57B | 1.97B | 2.04B | 1.75B | 1.71B | 2.1B | 3.58B | 2.5B | 2.65B | 3.13B | 3.48B | 3.27B | 3.66B |
| Cash Only | 1.94B | 2.31B | 2.08B | 1.44B | 1.72B | 1.99B | 1.71B | 1.57B | 1.97B | 2.04B | 1.75B | 1.71B | 2.1B | 3.58B | 2.5B | 2.65B | 3.13B | 3.48B | 3.27B | 3.66B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.51B | 1.59B | 1.54B | 1.54B | 1.36B | 1.32B | 1.41B | 1.38B | 1.29B | 1.3B | 1.26B | 1.32B | 1.19B | 1.22B | 1.19B | 1.29B | 1.22B | 1.13B | 1.15B | 1.17B |
| Days Sales Outstanding | 61.59 | 60.34 | 59.05 | 53.66 | 54.26 | 54.14 | 53.82 | 51.57 | 53.96 | 53.23 | 55.15 | 52.35 | 54.02 | 54.21 | 56.98 | 55.72 | 53.36 | 53.44 | 53.67 | 53.6 |
| Inventory | 2.55B | 2.43B | 2.46B | 2.44B | 2.37B | 2.31B | 2.42B | 2.45B | 2.65B | 2.56B | 2.74B | 2.7B | 2.56B | 2.35B | 2.3B | 2.21B | 2.06B | 1.92B | 1.88B | 1.8B |
| Days Inventory Outstanding | 349.61 | 303.06 | 315.5 | 320.5 | 321.4 | 293.13 | 304.25 | 330.28 | 348.94 | 319.17 | 370.52 | 371.91 | 353.38 | 310.77 | 322 | 292.93 | 293.61 | 272.98 | 270.19 | 261.64 |
| Other Current Assets | 477M | 438M | 493M | 509M | 430M | 379M | 745M | 794M | 442M | 436M | 470M | 446M | 415M | 369M | 556M | 507M | 423M | 392M | 381M | 418M |
| Total Non-Current Assets | 8.68B | 8.7B | 8.58B | 8.56B | 8.22B | 8.25B | 8.07B | 7.96B | 7.99B | 7.94B | 7.88B | 7.57B | 7.49B | 7.42B | 7.12B | 7.12B | 7.02B | 6.97B | 7.02B | 7.02B |
| Property, Plant & Equipment | 4B | 3.97B | 3.89B | 3.84B | 3.66B | 3.61B | 3.52B | 3.42B | 3.48B | 3.43B | 3.32B | 3.23B | 3.13B | 2.97B | 2.84B | 2.75B | 2.68B | 2.6B | 2.53B | 2.46B |
| Fixed Asset Turnover | 0.57x | 0.61x | 0.62x | 0.66x | 0.61x | 0.65x | 0.69x | 0.68x | 0.63x | 0.66x | 0.66x | 0.69x | 0.66x | 0.70x | 0.72x | 0.76x | 0.75x | 0.77x | 0.80x | 0.80x |
| Goodwill | 2.78B | 2.77B | 2.76B | 2.76B | 2.72B | 2.72B | 2.74B | 2.74B | 2.76B | 2.76B | 2.76B | 2.71B | 2.74B | 2.75B | 2.69B | 2.72B | 2.69B | 2.68B | 2.7B | 2.72B |
| Intangible Assets | 959M | 998M | 1.04B | 1.07B | 1.08B | 1.13B | 1.19B | 1.23B | 1.29B | 1.34B | 1.4B | 1.25B | 1.31B | 1.38B | 1.32B | 1.39B | 1.43B | 1.47B | 1.57B | 1.64B |
| Long-Term Investments | 0 | 0 | 1M | 0 | 0 | 30M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 351M | 328M | 292M | 267M | 232M | 250M | 215M | 210M | 227M | 206M | 216M | 173M | 143M | 147M | 161M | 147M | 129M | 111M | 112M | 97M |
| Total Assets | 15.15B | 15.47B | 15.16B | 14.48B | 14.1B | 14.24B | 14.36B | 14.16B | 14.35B | 14.29B | 14.11B | 13.75B | 13.75B | 14.93B | 13.67B | 13.77B | 13.86B | 13.9B | 13.71B | 14.07B |
| Asset Turnover | 0.15x | 0.16x | 0.16x | 0.17x | 0.16x | 0.16x | 0.17x | 0.17x | 0.15x | 0.16x | 0.15x | 0.16x | 0.14x | 0.14x | 0.15x | 0.15x | 0.14x | 0.14x | 0.14x | 0.14x |
| Asset Growth % | 7.49% | 8.64% | 5.59% | 2.22% | -1.74% | -0.34% | 1.78% | 3.03% | 4.32% | -4.28% | 3.16% | -0.15% | -0.76% | 7.37% | -0.23% | -2.13% | 0.46% | 2.14% | -0.15% | 7.65% |
| Total Current Liabilities | 2.05B | 2.23B | 1.81B | 3.37B | 3.38B | 3.41B | 1.7B | 1.8B | 1.91B | 1.89B | 1.61B | 1.77B | 1.92B | 3.17B | 2.88B | 3.05B | 3.03B | 1.8B | 1.47B | 2.09B |
| Accounts Payable | 507M | 487M | 410M | 508M | 420M | 433M | 404M | 420M | 405M | 411M | 388M | 464M | 424M | 405M | 373M | 430M | 402M | 436M | 387M | 369M |
| Days Payables Outstanding | 69.78 | 55.53 | 59.06 | 61.91 | 58.69 | 51.96 | 51.5 | 53.4 | 54.6 | 48.04 | 57.98 | 62.74 | 59.69 | 52.02 | 57.36 | 57.18 | 61.82 | 59.15 | 55.55 | 53.42 |
| Short-Term Debt | 0 | 53M | 0 | 1.35B | 1.35B | 1.35B | 0 | 0 | 24M | 3M | 2M | 2M | 3M | 1.35B | 1.35B | 1.35B | 1.35B | 0 | 0 | 604M |
| Deferred Revenue (Current) | 0 | 11M | 12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 360M | 1.13B | 896M | 423M | 408M | 566M | 476M | 394M | 361M | 484M | 381M | 354M | 336M | 397M | 391M | 352M | 377M | 459M | 375M | 310M |
| Current Ratio | 3.15x | 3.03x | 3.64x | 1.76x | 1.74x | 1.75x | 3.69x | 3.45x | 3.33x | 3.36x | 3.87x | 3.50x | 3.27x | 2.37x | 2.27x | 2.18x | 2.25x | 3.86x | 4.54x | 3.37x |
| Quick Ratio | 1.91x | 1.94x | 2.28x | 1.04x | 1.04x | 1.08x | 2.27x | 2.09x | 1.94x | 2.00x | 2.16x | 1.97x | 1.94x | 1.63x | 1.48x | 1.46x | 1.58x | 2.79x | 3.27x | 2.51x |
| Cash Conversion Cycle | 341.42 | 307.86 | 315.49 | 312.25 | 316.97 | 295.31 | 306.57 | 328.45 | 348.3 | 324.36 | 367.69 | 361.52 | 347.71 | 312.96 | 321.63 | 291.47 | 285.15 | 267.26 | 268.32 | 261.83 |
| Total Non-Current Liabilities | 9.87B | 9.9B | 7.95B | 6.14B | 6.06B | 6.05B | 7.42B | 7.41B | 7.39B | 7.41B | 7.42B | 7.36B | 7.35B | 7.36B | 6.13B | 6.14B | 6.17B | 7.56B | 7.55B | 7.63B |
| Long-Term Debt | 9.04B | 9.24B | 7.07B | 5.23B | 5.23B | 5.22B | 6.57B | 6.56B | 6.56B | 6.56B | 6.55B | 6.55B | 6.56B | 6.55B | 5.21B | 5.22B | 5.23B | 6.59B | 6.59B | 6.59B |
| Capital Lease Obligations | 193M | 202M | 204M | 210M | 173M | 174M | 181M | 181M | 184M | 188M | 191M | 188M | 180M | 186M | 186M | 161M | 158M | 151M | 160M | 147M |
| Deferred Tax Liabilities | 130M | 139M | 147M | 156M | 161M | 167M | 172M | 175M | 136M | 146M | 160M | 121M | 131M | 142M | 256M | 274M | 287M | 320M | 291M | 381M |
| Other Non-Current Liabilities | 500M | 305M | 534M | 539M | 497M | 480M | 494M | 489M | 505M | 508M | 521M | 495M | 478M | 475M | 480M | 483M | 495M | 496M | 510M | 506M |
| Total Liabilities | 11.92B | 12.14B | 9.76B | 9.5B | 9.44B | 9.47B | 9.12B | 9.21B | 9.3B | 9.29B | 9.03B | 9.13B | 9.26B | 10.52B | 9.01B | 9.19B | 9.2B | 9.36B | 9.02B | 9.72B |
| Total Debt | 9.24B | 9.49B | 7.27B | 6.79B | 6.75B | 6.74B | 6.75B | 6.74B | 6.77B | 6.75B | 6.75B | 6.75B | 6.74B | 8.09B | 6.75B | 6.73B | 6.74B | 6.74B | 6.75B | 7.34B |
| Net Debt | 7.3B | 7.18B | 5.19B | 5.36B | 5.03B | 4.76B | 5.04B | 5.17B | 4.8B | 4.72B | 4.99B | 5.03B | 4.64B | 4.51B | 4.25B | 4.09B | 3.6B | 3.26B | 3.48B | 3.69B |
| Debt / Equity | 2.86x | 2.85x | 1.35x | 1.36x | 1.45x | 1.41x | 1.29x | 1.36x | 1.34x | 1.35x | 1.33x | 1.46x | 1.50x | 1.84x | 1.45x | 1.47x | 1.45x | 1.48x | 1.44x | 1.69x |
| Debt / EBITDA | 9.82x | 10.02x | 6.86x | 6.11x | 6.99x | 7.59x | 6.49x | 6.53x | 7.30x | 8.09x | 7.32x | 7.06x | 7.95x | 10.00x | 8.05x | 7.99x | 7.46x | 9.46x | 8.06x | 8.78x |
| Net Debt / EBITDA | 7.76x | 7.59x | 4.90x | 4.82x | 5.21x | 5.36x | 4.85x | 5.01x | 5.17x | 5.65x | 5.42x | 5.27x | 5.47x | 5.58x | 5.07x | 4.85x | 3.99x | 4.57x | 4.15x | 4.41x |
| Interest Coverage | 13.26x | 14.49x | 14.77x | 16.55x | 14.73x | 14.07x | 15.33x | 13.38x | 13.05x | 12.02x | 12.38x | 14.84x | 11.25x | 9.84x | 12.70x | 12.75x | 13.98x | 9.88x | 12.17x | 11.60x |
| Total Equity | 3.23B | 3.33B | 5.4B | 4.98B | 4.66B | 4.77B | 5.23B | 4.96B | 5.05B | 4.99B | 5.07B | 4.62B | 4.49B | 4.4B | 4.66B | 4.58B | 4.66B | 4.54B | 4.68B | 4.35B |
| Equity Growth % | -30.55% | -30.17% | 3.13% | 0.34% | -7.86% | -4.43% | 3.15% | 7.34% | 12.49% | 13.35% | 8.84% | 0.9% | -3.59% | -3.1% | -0.41% | 5.24% | 13.83% | 20.43% | 29.78% | 45.7% |
| Book Value per Share | 7.65 | 7.59 | 12.18 | 11.17 | 10.39 | 10.57 | 11.54 | 10.88 | 11.01 | 10.85 | 11.00 | 9.98 | 9.67 | 9.43 | 9.94 | 9.71 | 9.82 | 9.55 | 9.83 | 9.12 |
| Total Shareholders' Equity | 3.23B | 3.33B | 5.4B | 4.98B | 4.66B | 4.77B | 5.23B | 4.97B | 5.06B | 5B | 5.08B | 4.63B | 4.49B | 4.41B | 4.66B | 4.58B | 4.66B | 4.54B | 4.68B | 4.35B |
| Common Stock | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M | 5M |
| Retained Earnings | 14.18B | 13.74B | 13.59B | 12.87B | 12.38B | 11.97B | 11.81B | 11.12B | 10.7B | 10.29B | 10.14B | 9.54B | 9.04B | 8.67B | 8.53B | 8B | 7.63B | 7.19B | 7.04B | 6.49B |
| Treasury Stock | -11.29B | -10.69B | -8.61B | -8.23B | -7.89B | -7.45B | -6.89B | -6.46B | -5.93B | -5.6B | -5.37B | -5.13B | -4.81B | -4.54B | -4.14B | -3.77B | -3.32B | -2.95B | -2.76B | -2.57B |
| Accumulated OCI | -772M | -834M | -818M | -877M | -1.02B | -940M | -851M | -845M | -841M | -839M | -814M | -895M | -828M | -817M | -809M | -722M | -704M | -764M | -667M | -623M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6M | -6M | -6M | -4M | -4M | -3M | -2M | -1M | 0 | 0 | 1M | 2M | 2M |