Pfizer annual debt-to-assets ratio
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Pfizer Debt-to-Assets Ratio Growth & History (PFE)
Pfizer's debt-to-assets ratio was 0.32 for fiscal 2025.
View full Pfizer company overviewPfizer annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.32 | 0.01 | +3.16% |
| 2024 | 2024-12-31 | 0.31 | −0.02 | −5.24% |
| 2023 | 2023-12-31 | 0.33 | 0.13 | +67.33% |
| 2022 | 2022-12-31 | 0.20 | −0.03 | −13.20% |
| 2021 | 2021-12-31 | 0.23 | −0.04 | −14.76% |
| 2020 | 2020-12-31 | 0.27 | −0.05 | −16.13% |
| 2019 | 2019-12-31 | 0.32 | 0.06 | +21.87% |
| 2018 | 2018-12-31 | 0.26 | 0.01 | +3.42% |
| 2017 | 2017-12-31 | 0.25 | 0.01 | +3.23% |
| 2016 | 2016-12-31 | 0.25 | 0.01 | +5.52% |
| 2015 | 2015-12-31 | 0.23 | 0.01 | +6.16% |
| 2014 | 2014-12-31 | 0.22 | 0.01 | +3.25% |
| 2013 | 2013-12-31 | 0.21 | 0.01 | +5.16% |
| 2012 | 2012-12-31 | 0.20 | −0.01 | −2.66% |
| 2011 | 2011-12-31 | 0.21 | −0.02 | −8.22% |
| 2010 | 2010-12-31 | 0.23 | −0.00 | −1.24% |
| 2009 | 2009-12-31 | 0.23 | 0.07 | +46.96% |
| 2008 | 2008-12-31 | 0.16 | — | — |
Pfizer quarterly debt-to-assets ratio
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| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | 0.31 | 0.01 | +4.78% |
| Q1 2026 | 2026-03-29 | 0.31 | 0.01 | +3.98% |
| Q4 2025 | 2025-12-31 | 0.32 | 0.01 | +3.16% |
| Q3 2025 | 2025-09-28 | 0.30 | −0.01 | −4.15% |
| Q2 2025 | 2025-06-29 | 0.30 | −0.02 | −6.66% |
| Q1 2025 | 2025-03-30 | 0.30 | −0.02 | −5.07% |
| Q4 2024 | 2024-12-31 | 0.31 | −0.02 | −5.24% |
| Q3 2024 | 2024-09-29 | 0.31 | 0.01 | +4.29% |
| Q2 2024 | 2024-06-30 | 0.32 | 0.02 | +8.24% |
| Q1 2024 | 2024-03-31 | 0.31 | 0.13 | +71.42% |
| Q4 2023 | 2023-12-31 | 0.33 | 0.13 | +67.33% |
| Q3 2023 | 2023-10-01 | 0.30 | 0.11 | +57.57% |
| Q2 2023 | 2023-07-02 | 0.30 | 0.09 | +43.87% |
| Q1 2023 | 2023-04-02 | 0.18 | −0.01 | −7.08% |
| Q4 2022 | 2022-12-31 | 0.20 | −0.03 | −13.20% |
| Q3 2022 | 2022-10-02 | 0.19 | −0.03 | −15.66% |
| Q2 2022 | 2022-07-03 | 0.21 | −0.02 | −10.68% |
| Q1 2022 | 2022-04-03 | 0.20 | −0.05 | −21.01% |
| Q4 2021 | 2021-12-31 | 0.23 | −0.04 | −14.76% |
| Q3 2021 | 2021-10-03 | 0.22 | −0.13 | −36.92% |
| Q2 2021 | 2021-07-04 | 0.23 | −0.13 | −35.40% |
| Q1 2021 | 2021-04-04 | 0.25 | −0.06 | −20.48% |
| Q4 2020 | 2020-12-31 | 0.27 | −0.05 | −16.13% |
| Q3 2020 | 2020-09-27 | 0.35 | 0.04 | +11.40% |
| Q2 2020 | 2020-06-28 | 0.36 | 0.05 | +16.43% |
| Q1 2020 | 2020-03-29 | 0.31 | 0.02 | +5.21% |
| Q4 2019 | 2019-12-31 | 0.32 | 0.06 | +21.87% |
| Q3 2019 | 2019-09-29 | 0.32 | 0.07 | +29.53% |
| Q2 2019 | 2019-06-30 | 0.31 | 0.06 | +25.03% |
| Q1 2019 | 2019-03-31 | 0.30 | 0.05 | +20.43% |
| Q4 2018 | 2018-12-31 | 0.26 | 0.01 | +3.42% |
| Q3 2018 | 2018-09-30 | 0.24 | −0.01 | −4.23% |
| Q2 2018 | 2018-07-01 | 0.25 | −0.01 | −5.28% |
| Q1 2018 | 2018-04-01 | 0.25 | −0.01 | −4.85% |
| Q4 2017 | 2017-12-31 | 0.25 | 0.01 | +3.23% |
| Q3 2017 | 2017-10-01 | 0.26 | 0.01 | +3.37% |
| Q2 2017 | 2017-07-02 | 0.26 | 0.00 | +0.16% |
| Q1 2017 | 2017-04-02 | 0.26 | 0.02 | +7.91% |
| Q4 2016 | 2016-12-31 | 0.25 | 0.01 | +5.52% |
| Q3 2016 | 2016-10-02 | 0.25 | 0.02 | +8.50% |
| Q2 2016 | 2016-07-03 | 0.26 | 0.04 | +18.58% |
| Q1 2016 | 2016-04-03 | 0.24 | 0.02 | +8.05% |
| Q4 2015 | 2015-12-31 | 0.23 | 0.01 | +6.16% |
| Q3 2015 | 2015-09-27 | 0.23 | 0.01 | +5.28% |
| Q2 2015 | 2015-06-28 | 0.22 | −0.00 | −0.38% |
| Q1 2015 | 2015-03-29 | 0.22 | 0.01 | +3.93% |
| Q4 2014 | 2014-12-31 | 0.22 | 0.01 | +3.25% |
| Q3 2014 | 2014-09-28 | 0.22 | 0.01 | +3.84% |
| Q2 2014 | 2014-06-29 | 0.22 | 0.01 | +6.95% |
| Q1 2014 | 2014-03-30 | 0.22 | −0.00 | −0.13% |
| Q4 2013 | 2013-12-31 | 0.21 | 0.01 | +5.16% |
| Q3 2013 | 2013-09-29 | 0.21 | −0.00 | −2.14% |
| Q2 2013 | 2013-06-30 | 0.20 | −0.01 | −2.87% |
| Q1 2013 | 2013-03-31 | 0.22 | 0.01 | +2.40% |
| Q4 2012 | 2012-12-31 | 0.20 | −0.01 | −2.66% |
| Q3 2012 | 2012-09-30 | 0.21 | 0.00 | +1.71% |
| Q2 2012 | 2012-07-01 | 0.21 | −0.00 | −0.92% |
| Q1 2012 | 2012-04-01 | 0.21 | −0.00 | −0.92% |
| Q4 2011 | 2011-12-31 | 0.21 | −0.02 | −8.22% |
| Q3 2011 | 2011-10-02 | 0.21 | −0.02 | −9.33% |
| Q2 2011 | 2011-07-03 | 0.21 | −0.01 | −5.99% |
| Q1 2011 | 2011-04-03 | 0.21 | −0.02 | −10.02% |
| Q4 2010 | 2010-12-31 | 0.23 | −0.00 | −1.24% |
| Q3 2010 | 2010-10-03 | 0.23 | −0.05 | −17.16% |
| Q2 2010 | 2010-07-04 | 0.23 | −0.06 | −20.13% |
| Q1 2010 | 2010-04-04 | 0.24 | — | — |
| Q4 2009 | 2009-12-31 | 0.23 | 0.07 | +46.96% |
| Q3 2009 | 2009-09-27 | 0.28 | — | — |
| Q2 2009 | 2009-06-28 | 0.28 | — | — |
| Q4 2008 | 2008-12-31 | 0.16 | — | — |
Pfizer debt-to-assets ratio trends
Over the last five fiscal years, Pfizer's debt-to-assets ratio increased from 0.27 to 0.32, a change of 0.06. The latest reported quarter, Q2 2026, shows 0.31.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pfizer source filings ↗