Patterson Companies Inc (PDCO)
Financial leverage ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,896,730 | 2,896,730 | 2,879,150 | 2,879,150 | 2,741,630 |
| Total stockholders’ equity | US$ in thousands | 1,001,140 | 1,001,140 | 1,118,540 | 1,117,540 | 1,042,640 |
| Financial leverage ratio | 2.89 | 2.89 | 2.57 | 2.58 | 2.63 |
April 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,896,730K ÷ $1,001,140K
= 2.89
The financial leverage ratio for Patterson Companies Inc has shown some fluctuations over the years, ranging from 2.57 to 2.89. The ratio indicates the company's level of financial leverage, which measures the extent to which the company relies on debt financing relative to its equity. A higher ratio suggests higher financial risk due to increased reliance on debt, while a lower ratio indicates a lower level of risk.
In this case, the company's financial leverage ratio has generally been within a moderate range, hovering around 2.6. The slight increase to 2.89 in April 27, 2024, may indicate a temporary spike in debt relative to equity on that particular date. It would be essential for investors and stakeholders to monitor the trend in the financial leverage ratio over time to assess the company's overall financial health and risk profile.
Peer comparison
Apr 30, 2024