Patterson Companies Inc (PDCO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,896,730 | 2,939,950 | 2,889,690 | 2,883,630 | 2,879,150 | 2,941,990 | 2,880,470 | 2,758,370 | 2,741,630 | 2,863,500 | 2,902,720 | 2,750,850 | 2,751,510 | 2,850,960 | 2,789,020 | 2,646,200 | 2,715,350 | 3,513,550 | 3,435,460 | 3,349,620 |
| 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 |
| Financial leverage ratio | 2.89 | 3.03 | 2.74 | 2.60 | 2.58 | 2.67 | 2.77 | 2.69 | 2.63 | 2.74 | 2.87 | 2.81 | 2.86 | 3.06 | 3.13 | 3.10 | 3.26 | 2.39 | 2.36 | 2.23 |
April 27, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,896,730K ÷ $1,001,140K
= 2.89
The financial leverage ratio of Patterson Companies Inc has shown a fluctuating trend over the past several quarters. The ratio ranged from 2.23 to 3.26, with an average of approximately 2.78 during this period.
The ratio indicates that, on average, the company has utilized financial leverage of around 2.78 times to support its operations and investments. A higher financial leverage ratio suggests that the company relies more on debt financing, which can amplify returns on equity but also increase financial risk.
It is noteworthy that the financial leverage ratio has varied significantly, potentially reflecting shifts in the company's capital structure and debt levels. Investors and analysts should closely monitor changes in this ratio to assess the company's risk profile and financial stability over time.
Peer comparison
Apr 27, 2024