Patterson Companies Inc (PDCO)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 134,996 | 157,935 | 148,079 | 114,462 | 114,462 | 123,998 | 123,998 | 113,886 | 113,886 | 108,573 | 108,573 | 159,669 | 159,669 | 147,290 | 147,290 | 140,280 | 140,280 | 149,560 | 149,560 | 142,014 |
| Short-term investments | US$ in thousands | — | — | — | 5,781 | — | 4,933 | 4,933 | 6,789 | 6,789 | 7,081 | 7,081 | 5,875 | 5,875 | 6,648 | 6,648 | 147,769 | 7,863 | 3,669 | 3,669 | 3,875 |
| Total current liabilities | US$ in thousands | 1,305,420 | 1,344,440 | 1,357,520 | 1,332,550 | 1,332,550 | 1,283,710 | 1,283,710 | 1,148,540 | 1,148,540 | 1,087,750 | 1,087,750 | 1,085,330 | 1,085,330 | 1,173,710 | 1,173,710 | 1,143,820 | 1,143,820 | 1,043,560 | 1,043,560 | 1,015,670 |
| Cash ratio | 0.10 | 0.12 | 0.11 | 0.09 | 0.09 | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 | 0.11 | 0.15 | 0.15 | 0.13 | 0.13 | 0.25 | 0.13 | 0.15 | 0.15 | 0.14 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($134,996K
+ $—K)
÷ $1,305,420K
= 0.10
The cash ratio of Patterson Companies Inc has shown some variability over the reporting periods provided. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From the data provided, we can see that the cash ratio fluctuates between 0.09 and 0.25. A cash ratio below 1 indicates that the company may have difficulty meeting its short-term obligations, as it has less cash on hand than its current liabilities.
The lowest cash ratio of 0.09 was observed in April 27, 2024, and April 30, 2024, while the highest cash ratio of 0.25 was recorded in October 31, 2022. It is important to note that having too high of a cash ratio may also not be ideal, as it could indicate that the company is not efficiently deploying its excess cash to generate returns.
Overall, Patterson Companies Inc's cash ratio trend indicates that the company may need to closely monitor its liquidity position and ensure it has adequate cash reserves to meet its short-term obligations while also seeking opportunities to invest excess cash effectively.
Peer comparison
Jan 31, 2025