Patterson Companies Inc (PDCO)
Debt-to-equity 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-equity ratio | 0.33 | 0.46 | 0.43 | 0.41 | 0.40 | 0.41 | 0.47 | 0.48 | 0.47 | 0.47 | 0.48 | 0.50 | 0.51 | 0.52 | 0.66 | 0.69 | 0.70 | 0.40 | 0.46 | 0.48 |
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 fluctuated over the past few years, ranging from a low of 0.33 to a high of 0.70. The trend in recent quarters shows a moderate increase in the ratio, indicating that the company has been relying more on debt to finance its operations compared to equity.
A ratio below 1 typically indicates that the company is using more equity financing than debt financing, which can be perceived positively by investors as it implies lower financial risk. However, as the ratio approaches or exceeds 1, it suggests that the company is relying more heavily on debt, which could increase financial risk due to higher interest payments and potential default risk.
It is important for investors and stakeholders to monitor this ratio over time to assess Patterson Companies Inc's financial health and stability, as a consistently high debt-to-equity ratio might signal potential financial distress or challenges in meeting debt obligations. Additionally, understanding the reasons behind changes in the ratio, such as strategic investments or acquisitions, is crucial for a comprehensive analysis of the company's overall financial position.
Peer comparison
Apr 27, 2024