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Zoetis ZTS Debt-to-assets

Debt-to-assets at other companies

Merck & Co. logo
Merck & Co.MRK
0.4×+0.1×
Idexx Laboratories logo
Idexx LaboratoriesIDXX
0.2×-0.1×
Elanco Animal Health Inc. logo
Elanco Animal Health Inc.ELAN
0.3×0.0×
Revvity logo
RevvityRVTY
0.3×+0.1×
Tractor Supply Company logo
Tractor Supply CompanyTSCO
0.5×0.0×
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
0.4×0.0×

Other financials

Income statement

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Revenue$2.3B+2.9%
Gross profit$1.6B+2.6%
Net income$601.0M-0.2%
EPS (diluted)$1.42+6.0%

Balance sheet

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Cash & equivalents$1.9B+8.9%
Total debt$10.0B+48.0%
Total equity$3.2B-30.5%
Total assets$15.2B+7.5%

Cash flow

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Operating cash flow$401.0M-22.1%
CapEx$110.0M-38.2%
Free cash flow$291.0M-13.6%

Valuation

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Market cap$33B-32.3%
Enterprise value$41.04B-26.4%
P/E12.5×-7.1×
P/S3.5×-1.8×

Profitability

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Gross margin71.8%+0.8pp
Net margin27.8%+0.9pp
FCF margin23.5%0.0pp

Returns & leverage

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Return on equity67%+15.8pp
Debt / equity3.1×+1.6×
Current ratio3.2×+1.4×

Where this comes from

Calculated from Zoetis’s reported figures.

Based on the most recent quarter.

The official record: Zoetis’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zoetis's debt-to-assets?
Zoetis (ZTS) reported debt-to-assets of 0.7× in Q1 2026.
How has Zoetis's debt-to-assets changed year-over-year?
Zoetis's debt-to-assets increased by 37.7% year-over-year, from 0.5× to 0.7×.
What is the long-term trend for Zoetis's debt-to-assets?
Over 5 years (2020 to 2025), Zoetis's debt-to-assets has grown at a 3.7% compound annual growth rate (CAGR), from 0.5× to 0.6×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.