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Pfizer's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10,346 Mil. Pfizer's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $60,499 Mil. Pfizer's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $89,014 Mil. Pfizer's debt to equity for the quarter that ended in Dec. 2023 was 0.80.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Pfizer's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Pfizer was 0.81. The lowest was 0.36. And the median was 0.60.
The historical data trend for Pfizer's Debt-to-Equity 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.
For the Drug Manufacturers - General subindustry, Pfizer's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Drug Manufacturers industry and Healthcare sector, Pfizer's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Pfizer's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Pfizer's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (10346 | + | 60499) | / | 89014 | |
= | 0.80 |
Pfizer's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (10346 | + | 60499) | / | 89014 | |
= | 0.80 |
* 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.
Pfizer (NYSE:PFE) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of Pfizer's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott Gottlieb | director | MOLECULAR INSIGHT PHARMACEUTICALS, 160 SECOND STREET, CAMBRIDGE MA 02142 |
Christoffel Boshoff | officer: Executive Vice President | 66 HUDSON BOULEVARD EAST, NEW YORK NY 10001-2192 |
Jennifer B. Damico | officer: SVP & Controller | C/O PFIZER INC. CORPORATE SECRETARY, 235 EAST 42ND STREET, NEW YORK NY 10017 |
Payal Sahni | officer: Executive Vice President | ATTN: PFIZER CORP. SECRETARY, 235 EAST 42ND ST., NEW YORK NY 10017 |
Carapezzi William R Jr | officer: Executive Vice President | 600 MOUNTAIN AVENUE, MURRAY HILL NJ 07921 |
Douglas M Lankler | officer: Senior Vice President | PFIZER INC. ATTN: CORPORATE SECRETARY, 235 EAST 42ND STREET, NEW YORK NY 10017 |
Mikael Dolsten | officer: Senior Vice President | 5 GIRALDA FARMS, MADISON NJ 07940 |
David M Denton | officer: Chief Financial Officer & EVP | 1000 LOWE'S BOULEVARD, MOORESVILLE NC 28117 |
William Pao | officer: Executive Vice President | C/O CORPORATE SECRETARY, 235 EAST 42ND STREET, NEW YORK NY 10017 |
Michael Mcdermott | officer: Executive Vice President | C/O PFIZER INC. CORPORATE SECRETARY, 235 EAST 42ND STREET, 235 EAST 42ND STREET NY 10017 |
Rady A Johnson | officer: Executive Vice President | PFIZER INC. ATTN CORP. SECRETARY, 235 EAST 42ND STREET, NEW YORK NY 10017 |
Alexander R Mackenzie | officer: Executive Vice President | C/O PFIZER CORP. SECRETARY, 235 EAST 42ND STREET, NEW YORK NY 10017 |
Sally Susman | officer: Senior Vice President | 767 FIFTH AVE, EOTIC LAWDER CORP, NEW YORK NY 10153 |
Angela Hwang | officer: Group President | 235 EAST 42ND STREET, ATTN: CORPORATE SECRETARY, NEW YORK NY 10017 |
John D Young | officer: Business Unit President | C/O CORPORATE SECRETARY, 235 EAST 42ND ST., NEW YORK NY 10017 |
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