Zoetis Cash And Short Term Investments vs Cash Analysis
ZTS Stock | USD 169.56 0.12 0.07% |
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 Cash And Short Term Investments and its Cash 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.
Cash And Short Term Investments vs Cash
Cash And Short Term Investments vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zoetis Inc Cash And Short Term Investments account and Cash. At this time, the significance of the direction appears to have totally related.
The correlation between Zoetis' Cash And Short Term Investments and Cash is 1.0. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Cash in the same time period over historical financial statements of Zoetis Inc, assuming nothing else is changed. The correlation between historical values of Zoetis' Cash And Short Term Investments and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Zoetis Inc are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Cash And Short Term Investments i.e., Zoetis' Cash And Short Term Investments and Cash go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Zoetis Inc balance sheet. This account contains Zoetis investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Zoetis Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Cash
Cash refers to the most liquid asset of Zoetis Inc, which is listed under current asset account on Zoetis Inc balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Zoetis customers. The amounts must be unrestricted with restricted cash listed in a different Zoetis account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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 |
Pair Trading with Zoetis
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Zoetis position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Zoetis will appreciate offsetting losses from the drop in the long position's value.Moving together with Zoetis Stock
0.75 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
Moving against Zoetis Stock
0.55 | SGHT | Sight Sciences Trending | PairCorr |
The ability to find closely correlated positions to Zoetis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zoetis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zoetis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zoetis Inc to buy it.
The correlation of Zoetis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zoetis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zoetis Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Zoetis can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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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.