Patterson Companies Inc (PDCO)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | 547,287 | — | 484,530 | — | 490,428 | — | 408,929 | — | 477,384 | — | 422,715 | — | 454,649 | — | 370,347 | — |
| 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 |
| Quick ratio | 0.10 | 0.12 | 0.11 | 0.09 | 0.50 | 0.10 | 0.48 | 0.11 | 0.53 | 0.11 | 0.48 | 0.15 | 0.59 | 0.13 | 0.49 | 0.25 | 0.53 | 0.15 | 0.50 | 0.14 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($134,996K
+ $—K
+ $—K)
÷ $1,305,420K
= 0.10
The quick ratio of Patterson Companies Inc, a measure of its liquidity and ability to meet short-term obligations with its most liquid assets, has shown fluctuations over the periods analyzed. Starting from April 30, 2022, where the quick ratio was unusually low at 0.14, the ratio improved to 0.50 by July 30, 2022, indicating a better ability to cover short-term liabilities. However, by the end of July 31, 2022, the ratio dropped to 0.15 before recovering slightly to 0.53 by October 29, 2022.
The trend continued with fluctuations over subsequent periods, with the ratio reaching 0.59 by April 29, 2023, showing an improvement in liquidity position. Despite this improvement, the quick ratio dropped to 0.11 by July 31, 2023, which could indicate potential difficulties in meeting short-term obligations.
Overall, the quick ratio of Patterson Companies Inc has shown variability over time, suggesting fluctuations in the company's ability to meet immediate financial obligations using its quick assets. Investors and stakeholders should closely monitor this ratio to assess the company's short-term liquidity position and potential financial risks.
Peer comparison
Jan 31, 2025