Patterson Companies Inc (PDCO)
Current ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,778,760 | 1,778,760 | 1,783,140 | 1,783,140 | 1,679,020 |
| Total current liabilities | US$ in thousands | 1,332,550 | 1,332,550 | 1,085,330 | 1,085,330 | 1,015,670 |
| Current ratio | 1.33 | 1.33 | 1.64 | 1.64 | 1.65 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,778,760K ÷ $1,332,550K
= 1.33
Patterson Companies Inc's current ratio has been relatively stable over the past few years, ranging from 1.65 in April 2022 to 1.33 in April 2024. The current ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally considered a healthy sign. However, the slight decrease in the current ratio from 1.65 to 1.33 over the period may indicate a potential tightening of liquidity or inefficiencies in managing current assets and liabilities. It would be important to monitor this trend further to assess the company's liquidity position and financial health accurately.
Peer comparison
Apr 30, 2024