Patterson Companies Inc (PDCO)
Debt-to-assets ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 328,911 | — | 451,231 | — |
| Total assets | US$ in thousands | 2,896,730 | 2,896,730 | 2,879,150 | 2,879,150 | 2,741,630 |
| Debt-to-assets ratio | 0.00 | 0.11 | 0.00 | 0.16 | 0.00 |
April 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,896,730K
= 0.00
The debt-to-assets ratio of Patterson Companies Inc shows fluctuations over the past few years. As of April 30, 2022, the company had no debt relative to its assets, indicating a strong financial position. However, by April 29, 2023, the ratio increased to 0.16, potentially indicating an increase in debt levels or a decrease in asset values. The ratio returned to 0.00 by April 30, 2023, before increasing again to 0.11 by April 27, 2024. This suggests that the company may have taken on some debt relative to its asset base. Nevertheless, with a debt-to-assets ratio of 0.00 as of April 30, 2024, Patterson Companies Inc appears to have effectively managed its debt and maintained a healthy balance sheet.
Peer comparison
Apr 30, 2024