Patterson Companies Inc (PDCO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,832,590 | 2,845,600 | 2,874,760 | 2,969,060 | 2,896,730 | 2,939,950 | 2,939,950 | 2,889,690 | 2,889,690 | 2,883,630 | 2,883,630 | 2,879,150 | 2,879,150 | 2,941,990 | 2,941,990 | 2,880,470 | 2,880,470 | 2,758,370 | 2,758,370 | 2,741,630 |
| 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 |
| Financial leverage ratio | 2.86 | 2.95 | 3.02 | 2.97 | 2.89 | 3.03 | 3.03 | 2.74 | 2.74 | 2.59 | 2.60 | 2.57 | 2.58 | 2.67 | 2.67 | 2.77 | 2.77 | 2.69 | 2.69 | 2.63 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,832,590K ÷ $989,561K
= 2.86
The financial leverage ratio of Patterson Companies Inc has shown fluctuations over the analyzed periods. The ratio ranged from 2.57 to 3.03, indicating the company's reliance on debt to finance its operations and growth. A higher financial leverage ratio suggests a higher level of debt relative to equity in the company's capital structure.
The ratio peaked at 3.03 in January 27, 2024, indicating a higher proportion of debt in the company's capital structure at that point in time. This may imply higher financial risk due to increased debt levels. However, the ratio decreased to 2.57 in April 30, 2023, signaling a reduction in the company's reliance on debt financing.
Overall, the trend in the financial leverage ratio of Patterson Companies Inc shows some variability, with some periods reflecting higher leverage and others indicating a more conservative capital structure. It is essential for stakeholders to monitor these changes in the financial leverage ratio to assess the company's debt management and financial risk over time.
Peer comparison
Jan 31, 2025