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

Company name
Symbol
Financial leverage ratio
Patterson Companies Inc
PDCO
2.86
Henry Schein Inc
HSIC
3.01
Owens & Minor Inc
OMI
8.24