Zoetis annual debt-to-equity ratio
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Zoetis Debt-to-Equity Ratio Growth & History (ZTS)
Zoetis's debt-to-equity ratio was 2.72 for fiscal 2025.
View full Zoetis company overviewZoetis annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.72 | 1.30 | +90.88% |
| 2024 | 2024-12-31 | 1.43 | 0.06 | +4.62% |
| 2023 | 2023-12-31 | 1.36 | −0.48 | −26.17% |
| 2022 | 2022-12-31 | 1.85 | 0.35 | +23.64% |
| 2021 | 2021-12-31 | 1.49 | −0.47 | −23.96% |
| 2020 | 2020-12-31 | 1.96 | −0.49 | −19.98% |
| 2019 | 2019-12-31 | 2.45 | −0.59 | −19.39% |
| 2018 | 2018-12-31 | 3.04 | 0.25 | +8.79% |
| 2017 | 2017-12-31 | 2.80 | −0.21 | −6.87% |
| 2016 | 2016-12-31 | 3.00 | −1.18 | −28.18% |
| 2015 | 2015-12-31 | 4.18 | 1.41 | +51.05% |
| 2014 | 2014-12-31 | 2.77 | −1.12 | −28.81% |
| 2013 | 2013-12-31 | 3.89 | 3.87 | +21355.96% |
| 2012 | 2012-12-31 | 0.02 | — | — |
Zoetis quarterly debt-to-equity ratio
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Q1.13
Q2.13
Q3.13
Q4.13
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Q2.15
Q3.15
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Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
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Q3.18
Q4.18
Q1.19
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Q3.19
Q4.19
Q1.20
Q2.20
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Q1.21
Q2.21
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Q3.23
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Q3.24
Q4.24
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Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.93 | 1.57 | +115.07% |
| Q1 2026 | 2026-03-31 | 2.86 | 1.41 | +97.06% |
| Q4 2025 | 2025-12-31 | 2.72 | 1.30 | +90.88% |
| Q3 2025 | 2025-09-30 | 1.35 | 0.06 | +4.40% |
| Q2 2025 | 2025-06-30 | 1.36 | 0.01 | +0.47% |
| Q1 2025 | 2025-03-31 | 1.45 | 0.11 | +8.34% |
| Q4 2024 | 2024-12-31 | 1.43 | 0.06 | +4.62% |
| Q3 2024 | 2024-09-30 | 1.29 | −0.04 | −2.84% |
| Q2 2024 | 2024-06-30 | 1.36 | −0.10 | −6.88% |
| Q1 2024 | 2024-03-31 | 1.34 | −0.16 | −10.78% |
| Q4 2023 | 2023-12-31 | 1.36 | −0.48 | −26.17% |
| Q3 2023 | 2023-09-30 | 1.33 | −0.12 | −8.23% |
| Q2 2023 | 2023-06-30 | 1.46 | −0.01 | −0.81% |
| Q1 2023 | 2023-03-31 | 1.50 | 0.05 | +3.74% |
| Q4 2022 | 2022-12-31 | 1.85 | 0.35 | +23.64% |
| Q3 2022 | 2022-09-30 | 1.45 | 0.00 | +0.30% |
| Q2 2022 | 2022-06-30 | 1.47 | −0.22 | −12.90% |
| Q1 2022 | 2022-03-31 | 1.45 | −0.35 | −19.55% |
| Q4 2021 | 2021-12-31 | 1.49 | −0.47 | −23.96% |
| Q3 2021 | 2021-09-30 | 1.44 | −0.74 | −33.89% |
| Q2 2021 | 2021-06-30 | 1.69 | −0.94 | −35.88% |
| Q1 2021 | 2021-03-31 | 1.80 | −0.62 | −25.64% |
| Q4 2020 | 2020-12-31 | 1.96 | −0.49 | −19.98% |
| Q3 2020 | 2020-09-30 | 2.18 | −0.30 | −12.09% |
| Q2 2020 | 2020-06-30 | 2.63 | −0.13 | −4.57% |
| Q1 2020 | 2020-03-31 | 2.42 | −0.44 | −15.28% |
| Q4 2019 | 2019-12-31 | 2.45 | −0.59 | −19.39% |
| Q3 2019 | 2019-09-30 | 2.48 | −0.56 | −18.34% |
| Q2 2019 | 2019-06-30 | 2.76 | 0.24 | +9.68% |
| Q1 2019 | 2019-03-31 | 2.85 | 0.33 | +12.89% |
| Q4 2018 | 2018-12-31 | 3.04 | 0.25 | +8.79% |
| Q3 2018 | 2018-09-30 | 3.04 | 0.17 | +6.08% |
| Q2 2018 | 2018-06-30 | 2.52 | −0.15 | −5.59% |
| Q1 2018 | 2018-03-31 | 2.53 | −0.25 | −8.98% |
| Q4 2017 | 2017-12-31 | 2.80 | −0.21 | −6.87% |
| Q3 2017 | 2017-10-01 | 2.87 | 0.05 | +1.72% |
| Q2 2017 | 2017-07-02 | 2.66 | −0.63 | −19.10% |
| Q1 2017 | 2017-04-02 | 2.78 | −1.06 | −27.59% |
| Q4 2016 | 2016-12-31 | 3.00 | −1.18 | −28.18% |
| Q3 2016 | 2016-10-02 | 2.82 | 0.19 | +7.10% |
| Q2 2016 | 2016-07-03 | 3.29 | 0.53 | +19.28% |
| Q1 2016 | 2016-04-03 | 3.84 | 1.30 | +51.04% |
| Q4 2015 | 2015-12-31 | 4.18 | 1.41 | +51.05% |
| Q3 2015 | 2015-09-27 | 2.63 | — | — |
| Q2 2015 | 2015-06-28 | 2.76 | −0.14 | −4.79% |
| Q1 2015 | 2015-03-29 | 2.54 | −0.86 | −25.24% |
| Q4 2014 | 2014-12-31 | 2.77 | −1.12 | −28.81% |
| Q2 2014 | 2014-06-29 | 2.90 | −1.67 | −36.47% |
| Q1 2014 | 2014-03-30 | 3.40 | −1.75 | −33.95% |
| Q4 2013 | 2013-12-31 | 3.89 | 3.87 | +21355.96% |
| Q3 2013 | 2013-09-29 | 4.33 | — | — |
| Q2 2013 | 2013-06-30 | 4.57 | — | — |
| Q1 2013 | 2013-03-31 | 5.14 | — | — |
| Q4 2012 | 2012-12-31 | 0.02 | — | — |
Zoetis debt-to-equity ratio trends
Over the last five fiscal years, Zoetis's debt-to-equity ratio increased from 1.96 to 2.72, a change of 0.76. The latest reported quarter, Q2 2026, shows 2.93.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Zoetis source filings ↗