Zoetis Non Current Liabilities Total vs Long Term Debt Analysis
ZTS Stock | USD 168.87 0.96 0.57% |
Zoetis financial indicator trend analysis is more than just analyzing Zoetis Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zoetis Inc is a good investment. Please check the relationship between Zoetis Non Current Liabilities Total and its Long Term Debt accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoetis Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Non Current Liabilities Total vs Long Term Debt
Non Current Liabilities Total vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoetis Inc Non Current Liabilities Total account and Long Term Debt. At this time, the significance of the direction appears to have totally related.
The correlation between Zoetis' Non Current Liabilities Total and Long Term Debt is 1.0. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Zoetis Inc, assuming nothing else is changed. The correlation between historical values of Zoetis' Non Current Liabilities Total and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Zoetis Inc are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Non Current Liabilities Total i.e., Zoetis' Non Current Liabilities Total and Long Term Debt go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Non Current Liabilities Total
Long Term Debt
Long-term debt is a debt that Zoetis Inc has held for over one year. Long-term debt appears on Zoetis Inc balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Zoetis Inc balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from Zoetis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zoetis Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zoetis Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. Sales General And Administrative To Revenue is likely to gain to 0.29 in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 224M | 221M | 285M | 162.4M | Depreciation And Amortization | 161M | 150M | 491M | 515.6M |
Zoetis fundamental ratios Correlations
Click cells to compare fundamentals
Zoetis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zoetis fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.5B | 13.6B | 13.9B | 14.9B | 14.3B | 10.5B | |
Short Long Term Debt Total | 6.6B | 7.4B | 6.7B | 8.1B | 6.8B | 5.1B | |
Other Current Liab | 55M | 93M | 1.3B | 1.4B | 1.4B | 1.5B | |
Total Current Liabilities | 1.8B | 2.2B | 1.8B | 3.2B | 1.9B | 1.7B | |
Total Stockholder Equity | 2.7B | 3.8B | 4.5B | 4.4B | 5.0B | 3.2B | |
Other Liab | 917M | 891M | 811M | 585M | 672.8M | 614.3M | |
Property Plant And Equipment Net | 2.1B | 2.4B | 2.6B | 3.0B | 3.4B | 2.0B | |
Current Deferred Revenue | 950M | 1.0B | 6M | 5M | 4.5M | 4.3M | |
Net Debt | 4.7B | 3.8B | 3.3B | 4.5B | 4.8B | 3.4B | |
Accounts Payable | 301M | 457M | 436M | 405M | 411M | 367.5M | |
Cash | 1.9B | 3.6B | 3.5B | 3.6B | 2.0B | 1.7B | |
Non Current Assets Total | 6.8B | 7.0B | 7.0B | 7.4B | 7.9B | 5.6B | |
Other Assets | 160M | 392M | 211M | 320M | 368M | 222.8M | |
Long Term Debt | 5.9B | 6.6B | 6.6B | 6.6B | 6.6B | 4.8B | |
Cash And Short Term Investments | 1.9B | 3.6B | 3.5B | 3.6B | 2.0B | 1.7B | |
Net Receivables | 1.1B | 1.0B | 1.1B | 1.2B | 1.3B | 1.1B | |
Good Will | 2.6B | 2.7B | 2.7B | 2.7B | 2.8B | 2.0B | |
Liabilities And Stockholders Equity | 11.5B | 13.6B | 13.9B | 14.9B | 14.3B | 10.5B | |
Non Current Liabilities Total | 7.0B | 7.7B | 7.6B | 7.4B | 7.4B | 5.6B | |
Inventory | 1.4B | 1.6B | 1.9B | 2.3B | 2.6B | 1.7B | |
Other Current Assets | 318M | 366M | 389M | 365M | 434M | 301.3M | |
Other Stockholder Equity | (998M) | (1.2B) | (1.9B) | (3.5B) | (4.5B) | (4.2B) | |
Total Liab | 8.8B | 9.8B | 9.4B | 10.5B | 9.3B | 7.3B | |
Property Plant And Equipment Gross | 2.1B | 2.2B | 4.7B | 5.3B | 6.0B | 6.3B | |
Total Current Assets | 4.7B | 6.6B | 6.9B | 7.5B | 6.3B | 4.9B | |
Accumulated Other Comprehensive Income | (726M) | (730M) | (764M) | (817M) | (839M) | (797.1M) | |
Short Term Debt | 500M | 604M | 41M | 1.4B | 51M | 48.5M | |
Intangible Assets | 1.9B | 1.7B | 1.5B | 1.4B | 1.3B | 1.4B | |
Property Plant Equipment | 1.9B | 2.2B | 2.4B | 2.8B | 3.2B | 1.8B | |
Retained Earnings | 4.4B | 5.7B | 7.2B | 8.7B | 10.3B | 10.8B | |
Retained Earnings Total Equity | 4.4B | 5.7B | 7.2B | 8.7B | 10.0B | 10.5B | |
Deferred Long Term Liab | 434M | 378M | 320M | 142M | 163.3M | 290.0M | |
Treasury Stock | (2.0B) | (2.2B) | (3.0B) | (4.5B) | (4.1B) | (3.9B) | |
Net Tangible Assets | (1.8B) | (635M) | 387M | 279M | 320.9M | 336.9M |
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Is Zoetis' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zoetis. If investors know Zoetis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zoetis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.099 | Dividend Share 1.557 | Earnings Share 5.19 | Revenue Per Share 18.995 | Quarterly Revenue Growth 0.095 |
The market value of Zoetis Inc is measured differently than its book value, which is the value of Zoetis that is recorded on the company's balance sheet. Investors also form their own opinion of Zoetis' value that differs from its market value or its book value, called intrinsic value, which is Zoetis' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zoetis' market value can be influenced by many factors that don't directly affect Zoetis' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zoetis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Zoetis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zoetis' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.