Patterson Companies Inc (PDCO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 328,911 | — | 448,219 | — | 449,974 | — | 450,603 | — | 451,231 | — | 451,910 | — | 485,522 | — | 488,809 | — |
| Total assets | US$ in thousands | 2,832,590 | 2,845,600 | 2,874,760 | 2,969,060 | 2,896,730 | 2,939,950 | 2,939,950 | 2,889,690 | 2,889,690 | 2,883,630 | 2,883,630 | 2,879,150 | 2,879,150 | 2,941,990 | 2,941,990 | 2,880,470 | 2,880,470 | 2,758,370 | 2,758,370 | 2,741,630 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.15 | 0.00 | 0.16 | 0.00 | 0.16 | 0.00 | 0.16 | 0.00 | 0.15 | 0.00 | 0.17 | 0.00 | 0.18 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,832,590K
= 0.00
The debt-to-assets ratio of Patterson Companies Inc has shown a consistent pattern of maintaining a relatively low ratio over the period from April 30, 2022, to January 31, 2025. The ratio fluctuated between 0.00 and 0.18 during this time frame, with the highest recorded ratio being 0.18 in July 30, 2022, and the lowest being 0.00 in several instances.
A debt-to-assets ratio of 0.00 indicates that Patterson Companies Inc did not have any debt relative to its total assets during those specific periods. Conversely, a ratio of 0.18 in July 30, 2022, suggests that 18% of the company's assets were financed by debt at that particular point in time.
Overall, the company's ability to maintain a low debt-to-assets ratio signifies a healthy financial position with less reliance on debt financing to support its operations and investments. This could indicate a lower level of financial risk and a stronger capacity to weather economic uncertainties or downturns.
Peer comparison
Jan 31, 2025