Patterson Companies Inc (PDCO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,001,140 | 971,482 | 1,054,300 | 1,110,340 | 1,117,540 | 1,101,300 | 1,040,900 | 1,025,890 | 1,041,680 | 1,043,240 | 1,011,110 | 979,344 | 963,216 | 932,909 | 890,839 | 852,616 | 834,117 | 1,469,430 | 1,455,830 | 1,500,360 |
| Debt-to-capital ratio | 0.25 | 0.32 | 0.30 | 0.29 | 0.29 | 0.29 | 0.32 | 0.32 | 0.32 | 0.32 | 0.33 | 0.33 | 0.34 | 0.34 | 0.40 | 0.41 | 0.41 | 0.29 | 0.31 | 0.32 |
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 fluctuated over the past few quarters. As of April 27, 2024, the ratio stands at 0.25, indicating that the company's debt makes up 25% of its total capital. This ratio has decreased from the previous quarter where it was 0.32.
Looking at the trend over the past eight quarters, the company experienced a peak in debt-to-capital ratio of 0.41 in July 25, 2020, followed by a gradual decline to the recent low of 0.25. This suggests that Patterson Companies Inc has been effectively managing its debt levels relative to its capital base.
Overall, the decreasing trend in the debt-to-capital ratio indicates that Patterson Companies Inc has been working towards reducing its reliance on debt to finance its operations and investments. This could signify improved financial stability and risk management within the company.
Peer comparison
Apr 27, 2024