Patterson Companies Inc (PDCO)
Debt-to-equity 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-equity ratio | 0.00 | 0.33 | 0.00 | 0.40 | 0.00 |
April 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,001,140K
= 0.00
The debt-to-equity ratio for Patterson Companies Inc has shown some fluctuations over the past few years. As of April 30, 2022, the company had a debt-to-equity ratio of 0.00, indicating that there was no debt on the company's balance sheet relative to its equity. This suggests a conservative financial structure with little reliance on external borrowings.
However, by April 29, 2023, the company's debt-to-equity ratio increased to 0.40, indicating a higher level of debt in comparison to equity. This could imply that Patterson Companies Inc took on more debt to finance its operations or investments during that period.
Subsequently, as of April 30, 2023, the debt-to-equity ratio decreased back to 0.00, returning to a situation where there was no debt relative to equity. This reversal may signal a strategic deleveraging or debt repayment by the company.
Moving to April 27, 2024, the debt-to-equity ratio stood at 0.33, showing a moderate level of debt compared to equity. This indicates a balanced financial structure, where the company utilizes a mix of debt and equity to fund its activities.
Finally, as of April 30, 2024, Patterson Companies Inc's debt-to-equity ratio once again decreased to 0.00, reverting to a scenario with no debt in relation to equity. This could reflect a conscious effort by the company to maintain a low debt level and strengthen its financial position.
Overall, the trend in Patterson Companies Inc's debt-to-equity ratio showcases variability in the company's capital structure over the years, with periods of both higher and lower leverage. Monitoring this ratio can provide insights into the company's financial risk, investment strategies, and overall health.
Peer comparison
Apr 30, 2024