Patterson Companies Inc (PDCO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,001,140 | 1,001,140 | 1,118,540 | 1,117,540 | 1,042,640 |
| Debt-to-capital ratio | 0.00 | 0.25 | 0.00 | 0.29 | 0.00 |
April 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,001,140K)
= 0.00
The debt-to-capital ratio for Patterson Companies Inc has shown some fluctuation over the past few years. As of April 30, 2022, the ratio was 0.00, indicating that there was no debt in the capital structure. This changed in the following years, with the ratio increasing to 0.29 by April 29, 2023, signifying a moderate level of debt relative to the total capital. Subsequently, the ratio decreased to 0.00 on April 30, 2023, suggesting a return to a debt-free position.
However, by April 27, 2024, the debt-to-capital ratio rose again to 0.25, indicating a moderate level of debt in the capital structure. As of the latest available data on April 30, 2024, the ratio once more decreased to 0.00, similar to the situation in 2023.
Overall, the debt-to-capital ratio for Patterson Companies Inc has shown variability, with periods of both debt and debt-free capital structures. It is important for investors and stakeholders to monitor this ratio to assess the company's leverage and financial risk.
Peer comparison
Apr 30, 2024