Patterson Companies Inc (PDCO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 328,911 | 448,219 | 449,974 | 450,603 | 451,231 | 451,910 | 485,522 | 488,809 | 488,554 | 488,353 | 488,091 | 487,818 | 487,545 | 487,850 | 588,329 | 588,011 | 587,766 | 587,455 | 663,513 | 718,145 |
| Total assets | US$ in thousands | 2,896,730 | 2,939,950 | 2,889,690 | 2,883,630 | 2,879,150 | 2,941,990 | 2,880,470 | 2,758,370 | 2,741,630 | 2,863,500 | 2,902,720 | 2,750,850 | 2,751,510 | 2,850,960 | 2,789,020 | 2,646,200 | 2,715,350 | 3,513,550 | 3,435,460 | 3,349,620 |
| Debt-to-assets ratio | 0.11 | 0.15 | 0.16 | 0.16 | 0.16 | 0.15 | 0.17 | 0.18 | 0.18 | 0.17 | 0.17 | 0.18 | 0.18 | 0.17 | 0.21 | 0.22 | 0.22 | 0.17 | 0.19 | 0.21 |
April 27, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $328,911K ÷ $2,896,730K
= 0.11
The debt-to-assets ratio of Patterson Companies Inc has fluctuated over the past several quarters, ranging from 0.11 to 0.22. A lower ratio indicates a lower level of debt relative to total assets, suggesting lower financial risk and greater financial stability. Conversely, a higher ratio signifies a higher level of debt in relation to assets, which may imply increased financial risk and potential challenges in meeting debt obligations.
In the recent periods, Patterson Companies Inc has shown a relatively stable debt-to-assets ratio around the 0.15 to 0.18 range. This suggests that the company has been able to maintain a moderate level of debt with respect to its assets, indicating a balanced approach to capital structure management. However, the ratio has shown some slight upward trend in the most recent quarters, reaching 0.22 in the latest period. This upward movement may warrant further monitoring to assess if it signals a shift in the company's leverage position and financial risk profile.
Overall, a detailed examination of Patterson Companies Inc's debt-to-assets ratio over time indicates the company's varying levels of debt utilization and its impact on the balance between debt and asset ownership. Monitoring this ratio can provide insights into the company's financial health, risk management practices, and capital structure decisions.
Peer comparison
Apr 27, 2024