Patterson Companies Inc (PDCO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.33 | 0.00 | 0.46 | 0.00 | 0.43 | 0.00 | 0.41 | 0.00 | 0.40 | 0.00 | 0.41 | 0.00 | 0.47 | 0.00 | 0.48 | 0.00 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $989,561K
= 0.00
The debt-to-equity ratio of Patterson Companies Inc has shown fluctuations over the given period, ranging from 0.00 to 0.48. The ratio indicates the proportion of debt financing relative to equity financing used by the company. A lower ratio suggests that the company relies more on equity financing, which can be seen in the instances where the ratio is 0.00.
The ratio increased to 0.48 in July 30, 2022, indicating a higher level of debt relative to equity at that point in time. This could imply increased borrowing or decreased equity investment. However, the ratio fluctuated thereafter, showing a mix of debt and equity financing decisions by the company.
In general, a lower debt-to-equity ratio is viewed favorably as it signifies lower financial risk and less dependence on borrowed funds. It is important for investors and creditors to monitor this ratio over time to assess the company's overall financial health and leverage position.
Peer comparison
Jan 31, 2025