Patterson Companies Inc (PDCO)
Cash ratio
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 24, 2021 | Jan 23, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 114,462 | 123,998 | 113,886 | 108,573 | 159,669 | 147,290 | 140,280 | 149,560 | 142,014 | 165,044 | 154,152 | 136,930 | 143,244 | 155,961 | 139,481 | 119,561 | 77,944 | 106,169 | 129,575 | 109,781 |
| Short-term investments | US$ in thousands | — | 4,933 | 6,789 | 7,081 | 5,875 | 6,648 | 7,863 | 3,669 | 3,875 | 1,355 | 726 | 208 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,332,550 | 1,283,710 | 1,148,540 | 1,087,750 | 1,085,330 | 1,173,710 | 1,143,820 | 1,043,560 | 1,015,670 | 1,132,100 | 1,193,050 | 1,067,880 | 1,089,670 | 1,200,890 | 1,072,890 | 978,784 | 1,074,900 | 1,201,460 | 1,061,430 | 874,227 |
| Cash ratio | 0.09 | 0.10 | 0.11 | 0.11 | 0.15 | 0.13 | 0.13 | 0.15 | 0.14 | 0.15 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.12 | 0.07 | 0.09 | 0.12 | 0.13 |
April 27, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($114,462K
+ $—K)
÷ $1,332,550K
= 0.09
The cash ratio of Patterson Companies Inc has shown some fluctuations over the past few quarters. The ratio has ranged between 0.07 and 0.15, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents.
A higher cash ratio suggests that the company has a greater ability to cover its short-term obligations, while a lower ratio may indicate potential liquidity challenges. It is important to note that the cash ratio should be considered in conjunction with other liquidity ratios and financial metrics to gain a comprehensive understanding of the company's financial health.
Overall, Patterson Companies Inc's cash ratio has generally been within a reasonable range over the analyzed periods, indicating a certain level of liquidity and ability to meet its short-term obligations with its available cash resources.
Peer comparison
Apr 27, 2024