Patterson Companies Inc (PDCO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 989,561 | 963,010 | 951,989 | 1,001,140 | 1,001,140 | 971,482 | 971,482 | 1,055,090 | 1,054,300 | 1,111,240 | 1,110,340 | 1,118,540 | 1,117,540 | 1,101,300 | 1,101,300 | 1,040,900 | 1,040,900 | 1,025,890 | 1,025,890 | 1,042,640 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.25 | 0.00 | 0.32 | 0.00 | 0.30 | 0.00 | 0.29 | 0.00 | 0.29 | 0.00 | 0.29 | 0.00 | 0.32 | 0.00 | 0.32 | 0.00 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $989,561K)
= 0.00
The debt-to-capital ratio of Patterson Companies Inc has fluctuated over the periods provided in the data. The ratio is calculated by dividing total debt by the sum of total debt and total equity, representing the proportion of the company's capital structure that is financed by debt.
From the data, we observe that the debt-to-capital ratio was consistently at 0.00 during the end of each fiscal quarter in 2022 and early 2023. This suggests that the company had no debt relative to its capital during these periods.
However, there was a slight increase in the ratio to 0.29 by January 28, 2023, indicating that the company started to utilize debt as a part of its capital structure. The ratio remained around this level, with some fluctuations, until reaching 0.32 by January 27, 2024.
There was a decrease in the debt-to-capital ratio to 0.25 by April 27, 2024, before returning to 0.00 by the end of April 2024. The ratio remained at 0.00 for the subsequent quarters provided in the data.
Overall, the debt-to-capital ratio indicates that Patterson Companies Inc has maintained a relatively low level of debt in relation to its total capital throughout the period. This suggests a conservative approach to financing its operations, as the company relies more on equity rather than debt to fund its activities.
Peer comparison
Jan 31, 2025