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

Company name
Symbol
Cash ratio
Patterson Companies Inc
PDCO
0.10
Henry Schein Inc
HSIC
0.04
Owens & Minor Inc
OMI
0.03