Zoetis (FRA:ZOE) Interest Expense : €-222 Mil (TTM As of Dec. 2023)

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What is Zoetis Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Zoetis's interest expense for the three months ended in Dec. 2023 was € -54 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-222 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Zoetis's Operating Income for the three months ended in Dec. 2023 was € 650 Mil. Zoetis's Interest Expense for the three months ended in Dec. 2023 was € -54 Mil. Zoetis's Interest Coverage for the quarter that ended in Dec. 2023 was 12.02. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zoetis Interest Expense Historical Data

The historical data trend for Zoetis's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zoetis Interest Expense Chart

Zoetis Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-200.70

-189.88

-198.24

-208.62

-219.16

Zoetis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-58.53	-58.84	-53.53	-55.28	-54.10

Zoetis Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-222 Mil.

Zoetis (FRA:ZOE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Zoetis's Interest Expense for the three months ended in Dec. 2023 was €-54 Mil. Its Operating Income for the three months ended in Dec. 2023 was €650 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €6,192 Mil.

Zoetis's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	650.153	/	-54.103
	=	12.02

The higher the ratio, the stronger the company's financial strength is.

Zoetis (FRA:ZOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zoetis Inc (FRA:ZOE) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

10 Sylvan Way, Parsippany, NJ, USA, 07054

Website

https://www.zoetis.com

Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns roughly 35% of total revenue from production animals (cattle, pigs, poultry, and so on), and nearly 65% from companion animal (dogs, horses, cats) products. Its U.S. business is heavily skewed toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.

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