Patterson Companies Inc (PDCO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,778,760 | 1,832,560 | 1,790,680 | 1,772,140 | 1,783,140 | 1,844,710 | 1,825,530 | 1,705,980 | 1,679,020 | 1,790,430 | 1,799,430 | 1,611,480 | 1,615,930 | 1,723,230 | 1,656,260 | 1,460,130 | 1,542,760 | 1,692,670 | 1,687,430 | 1,582,660 |
| 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 |
| Current ratio | 1.33 | 1.43 | 1.56 | 1.63 | 1.64 | 1.57 | 1.60 | 1.63 | 1.65 | 1.58 | 1.51 | 1.51 | 1.48 | 1.43 | 1.54 | 1.49 | 1.44 | 1.41 | 1.59 | 1.81 |
April 27, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,778,760K ÷ $1,332,550K
= 1.33
The current ratio of Patterson Companies Inc has shown fluctuations over the past 20 quarters, ranging from a low of 1.33 to a high of 1.81. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting it has the ability to meet its short-term obligations.
The ratio peaked at 1.81 in the third quarter of 2019, indicating a strong liquidity position at that time. However, the current ratio has since decreased and has been hovering around the 1.50 to 1.65 range in recent quarters.
While a current ratio above 1 is generally considered favorable, the downward trend in the ratio over the quarters could raise concerns about Patterson Companies Inc's ability to maintain its short-term liquidity position. It would be important to further investigate the reasons behind these fluctuations to assess the company's overall financial health.
Peer comparison
Apr 27, 2024