Patterson Companies Inc (PDCO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,837,630 | 1,842,020 | 1,762,110 | 1,778,760 | 1,778,760 | 1,832,560 | 1,832,560 | 1,790,680 | 1,790,680 | 1,772,140 | 1,772,140 | 1,783,140 | 1,783,140 | 1,844,710 | 1,844,710 | 1,825,530 | 1,825,530 | 1,705,980 | 1,705,980 | 1,679,020 |
| 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 |
| Current ratio | 1.41 | 1.37 | 1.30 | 1.33 | 1.33 | 1.43 | 1.43 | 1.56 | 1.56 | 1.63 | 1.63 | 1.64 | 1.64 | 1.57 | 1.57 | 1.60 | 1.60 | 1.63 | 1.63 | 1.65 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,837,630K ÷ $1,305,420K
= 1.41
Patterson Companies Inc's current ratio has shown a gradual decline over the past few years based on the provided data. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, was at a relatively healthy level of 1.65 as of April 30, 2022. However, it has since decreased to 1.41 as of January 31, 2025.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally favorable. The decreasing trend in Patterson Companies Inc's current ratio suggests a potential weakening in its ability to cover its short-term obligations with its current assets.
It is essential for stakeholders to monitor this trend closely to ensure that the company maintains a healthy liquidity position and can meet its short-term financial commitments effectively. Further analysis of the company's working capital management and liquidity position may be warranted to address the declining current ratio.
Peer comparison
Jan 31, 2025