Zoetis Inc (ZTS) — Tangible Net Worth Ratio
Zoetis Inc (ZTS) has a Tangible Net Worth Ratio of 80.7% as of September 2025. This metric is calculated by deducting intangible assets ($1.04 Billion) from net assets ($5.40 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Zoetis Inc working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Zoetis Inc Tangible Net Worth Ratio (2010–2024)
This chart shows how Zoetis Inc's Tangible Net Worth Ratio has changed across 15 annual periods from 2010 to 2024. As of September 2025, the ratio stands at 80.7%, reflecting net assets of $5.40 Billion with intangible assets of $1.04 Billion USD. See defensive interval ratio of Zoetis Inc to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Zoetis Inc (2010–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Zoetis Inc from 2010 to 2024, covering 15 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Zoetis Inc stock valuation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 76.4% | $4.77 Billion | $1.13 Billion | $14.24 Billion | ▲ +3.2 pp |
| 2023 | 73.2% | $4.99 Billion | $1.34 Billion | $14.29 Billion | ▲ +4.5 pp |
| 2022 | 68.7% | $4.40 Billion | $1.38 Billion | $14.93 Billion | ▲ +1.1 pp |
| 2021 | 67.6% | $4.54 Billion | $1.47 Billion | $13.90 Billion | ▲ +12.9 pp |
| 2020 | 54.7% | $3.77 Billion | $1.71 Billion | $13.61 Billion | ▲ +24.5 pp |
| 2019 | 30.2% | $2.71 Billion | $1.89 Billion | $11.54 Billion | ▲ +23.8 pp |
| 2018 | 6.4% | $2.19 Billion | $2.05 Billion | $10.78 Billion | ▼ -22.6 pp |
| 2017 | 28.9% | $1.79 Billion | $1.27 Billion | $8.59 Billion | ▲ +10.9 pp |
| 2016 | 18.1% | $1.50 Billion | $1.23 Billion | $7.65 Billion | ▲ +27.2 pp |
| 2015 | -9.1% | $1.09 Billion | $1.19 Billion | $7.91 Billion | ▼ -54.7 pp |
| 2014 | 45.6% | $1.34 Billion | $727.00 Million | $6.59 Billion | ▲ +29.1 pp |
| 2013 | 16.5% | $962.00 Million | $803.00 Million | $6.56 Billion | ▼ -62.0 pp |
| 2012 | 78.5% | $4.04 Billion | $868.00 Million | $6.26 Billion | ▲ +3.4 pp |
| 2011 | 75.2% | $3.74 Billion | $928.00 Million | $5.71 Billion | ▲ +2.8 pp |
| 2010 | 72.4% | $3.34 Billion | $924.00 Million | $5.28 Billion | — |