Patterson Companies Inc (PDCO)
Debt-to-capital ratio
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 328,911 | 451,231 | 488,554 | 487,545 | 587,766 |
| Total stockholders’ equity | US$ in thousands | 1,001,140 | 1,117,540 | 1,041,680 | 963,216 | 834,117 |
| Debt-to-capital ratio | 0.25 | 0.29 | 0.32 | 0.34 | 0.41 |
April 27, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $328,911K ÷ ($328,911K + $1,001,140K)
= 0.25
The debt-to-capital ratio of Patterson Companies Inc has been showing a declining trend over the past five years, indicating an improvement in the company's capital structure. The ratio decreased from 0.41 in April 2020 to 0.25 in April 2024. This suggests that the company has been reducing its reliance on debt in relation to its total capital, which can be seen as a positive sign of financial health and risk management. The declining trend in the debt-to-capital ratio may imply that Patterson Companies Inc is becoming less leveraged and potentially more financially stable over time.
Peer comparison
Apr 27, 2024