Patterson Companies Inc (PDCO)
Debt-to-equity 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-equity ratio | 0.33 | 0.40 | 0.47 | 0.51 | 0.70 |
April 27, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $328,911K ÷ $1,001,140K
= 0.33
The debt-to-equity ratio of Patterson Companies Inc has shown a decreasing trend over the past five years, indicating a favorable shift towards a less leveraged capital structure. As of April 27, 2024, the company's debt-to-equity ratio stands at 0.33, reflecting an improvement from the previous year's ratio of 0.40. This signifies that Patterson Companies has a lower level of debt relative to its equity, suggesting a reduced financial risk and potentially enhanced solvency. The decreasing trend in the debt-to-equity ratio implies that the company has been successful in managing its debt levels in relation to its equity, which can be seen as a positive sign for investors and creditors. Overall, the declining debt-to-equity ratio indicates a healthier financial position for Patterson Companies Inc.
Peer comparison
Apr 27, 2024