Patterson Companies Inc (PDCO)
Quick ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 114,462 | 114,462 | 159,669 | 159,669 | 142,014 |
| Short-term investments | US$ in thousands | 5,781 | — | 5,875 | 5,875 | 3,875 |
| Receivables | US$ in thousands | — | 547,287 | — | 477,384 | — |
| Total current liabilities | US$ in thousands | 1,332,550 | 1,332,550 | 1,085,330 | 1,085,330 | 1,015,670 |
| Quick ratio | 0.09 | 0.50 | 0.15 | 0.59 | 0.14 |
April 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($114,462K
+ $5,781K
+ $—K)
÷ $1,332,550K
= 0.09
The quick ratio of Patterson Companies Inc has shown some fluctuations over the past few years. As of April 30, 2022, the quick ratio was 0.14, indicating that the company may have had difficulty meeting its short-term obligations with its most liquid assets. However, by April 29, 2023, the quick ratio improved significantly to 0.59, suggesting a better ability to cover short-term liabilities with current liquid assets.
Subsequently, the quick ratio decreased to 0.15 as of April 30, 2023, potentially signaling a challenge in maintaining liquidity. However, there was a notable improvement by April 27, 2024, with the quick ratio standing at 0.50, demonstrating better liquidity position compared to the previous period.
Interestingly, the quick ratio decreased sharply to 0.09 by April 30, 2024, indicating a potential liquidity concern that may warrant further analysis. Overall, the variability in Patterson Companies Inc's quick ratio highlights the importance of closely monitoring liquidity levels to ensure the company's ability to meet its short-term financial obligations efficiently.
Peer comparison
Apr 30, 2024