Stock Analysis on Net
Stock Analysis on Net

Zoetis Inc. (NYSE:ZTS)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 2, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Zoetis Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Short-term borrowings
Current portion of long-term debt
Accounts payable
Dividends payable
Accrued expenses
Accrued compensation and related items
Income taxes payable
Other current liabilities
Current liabilities
Long-term debt, net of discount and issuance costs, excluding current portion
Noncurrent deferred tax liabilities
Noncurrent operating lease liabilities
Other taxes payable
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.01 par value
Treasury stock, at cost
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Total Zoetis Inc. equity
Equity attributable to noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Short-term borrowings
Short-term borrowings as a percentage of total liabilities and equity remained very low over the periods, generally around 0.01% to 0.03%, except for a significant spike to 0.17% in the most recent quarter, indicating a slight increase in reliance on short-term financing.
Current portion of long-term debt
This item exhibited some variability with values mostly between 3.83% and 9.87%. There was a notable peak around late 2020 and early 2022, reaching close to 9.8-9.87%, suggesting increased short-term portions of long-term obligations during those periods. The data is missing for several recent periods, limiting trend analysis in 2023 and 2024.
Accounts payable
Accounts payable fluctuated within a narrow band from approximately 2.16% to 3.37% of total liabilities and equity, showing no clear directional trend but moderate short-term variations indicating consistent supplier or operational payables management.
Dividends payable
Dividends payable gradually increased from around 0.71% in early 2019 to about 1.38%-1.39% by early 2024, signaling a steady upward trend in declared but unpaid dividends relative to total liabilities and equity.
Accrued expenses
Accrued expenses showed moderate fluctuations, ranging between about 3.63% and 5.11%. The overall trend seems stable with slight increases in some quarters, particularly in mid-2021, which may indicate varying operational expenses or timing differences in recognition.
Accrued compensation and related items
This liability item displayed more pronounced variation, oscillating between approximately 1.3% and 2.82%. Peaks were observed near end-of-year quarters, consistent with potential bonuses or employee compensation accrual cycles.
Income taxes payable
Income taxes payable exhibited significant volatility, with values ranging from as low as 0.27% to peaks above 2%. Sharp increases occurred in early 2023, reaching up to 2.01%, potentially reflecting timing differences in tax payments or increased tax liabilities in that period.
Other current liabilities
Other current liabilities showed a general upward trend from about 0.43% to peaks near 0.98%, with some fluctuation, indicating a gradual rise in miscellaneous current liabilities as a portion of total liabilities and equity.
Current liabilities
Current liabilities as a whole were quite variable, notably rising sharply to above 21% during parts of 2021-2022, before declining to around 11.4%-13.3% in 2023 and early 2024. The peak indicates a concentration of current obligations in the earlier period, followed by a reduction.
Long-term debt, net of discount and issuance costs, excluding current portion
Long-term debt consistently constituted the largest portion of total liabilities and equity, though with a steady decline from over 59% in early 2019 down to around 45%-47% in recent periods. This indicates a gradual reduction in long-term debt relative to total capitalization.
Noncurrent deferred tax liabilities
Noncurrent deferred tax liabilities decreased over time from about 4.26% down to below 1%, suggesting diminishing deferred tax obligations or changes in tax positions.
Noncurrent operating lease liabilities
This item remained relatively stable around 1.2%-1.5% with minor fluctuations across the observed periods, showing a consistent lease-related liability burden.
Other taxes payable
Other taxes payable showed slight decline early on (from 2.4% to below 1.9%) but then stabilized around 1.7%-2.0%. This reflects some tax liability variability but overall relative steadiness.
Other noncurrent liabilities
Other noncurrent liabilities were fairly consistent, oscillating between about 1.45% to 2.18%, showing no dramatic changes and indicating stable long-term miscellaneous obligations.
Noncurrent liabilities
Noncurrent liabilities decreased from nearly 69% in early 2019 to about 51.5% by the first quarter of 2024, reflecting a sizable reduction in long-term obligations relative to the capital structure over the period.
Total liabilities
Total liabilities declined gradually from approximately 79% to around 65% of total liabilities and equity, signaling a shift toward a stronger equity component or debt reduction over the analyzed timeframe.
Common stock, $0.01 par value
The proportion of common stock in total capitalization remained minimal and steady near 0.03%-0.05%, indicating no material change in par value representation in the capital structure.
Treasury stock, at cost
Treasury stock increased markedly in absolute negative terms from approximately -14.6% to -41.3% of total liabilities and equity, reflecting significant ongoing share repurchases or retentions, which materially reduced equity.
Additional paid-in capital
Additional paid-in capital fluctuated moderately, generally between 7.3% and 9.3%, without a clear trend, implying relatively steady contributions beyond par value capital.
Retained earnings
Retained earnings showed a strong positive upward trend, growing from about 32% to over 74% of total liabilities and equity. This significant increase suggests robust earnings retention and accumulated profits enhancing equity.
Accumulated other comprehensive loss
This item remained negative throughout, fluctuating mildly between approximately -5.5% and -6.5%, indicating persistent but relatively stable comprehensive losses affecting equity value.
Total equity
Total equity increased from approximately 21% to around 35% of the capital structure, demonstrating a strengthening equity base driven largely by increased retained earnings, despite larger treasury stock balances.