Patterson Companies Inc (PDCO)

Solvency ratios

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
Debt-to-assets ratio 0.11 0.15 0.16 0.16 0.16 0.15 0.17 0.18 0.18 0.17 0.17 0.18 0.18 0.17 0.21 0.22 0.22 0.17 0.19 0.21
Debt-to-capital ratio 0.25 0.32 0.30 0.29 0.29 0.29 0.32 0.32 0.32 0.32 0.33 0.33 0.34 0.34 0.40 0.41 0.41 0.29 0.31 0.32
Debt-to-equity ratio 0.33 0.46 0.43 0.41 0.40 0.41 0.47 0.48 0.47 0.47 0.48 0.50 0.51 0.52 0.66 0.69 0.70 0.40 0.46 0.48
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

Patterson Companies Inc's solvency ratios have shown some fluctuations over the periods analyzed. The debt-to-assets ratio has generally remained relatively stable, ranging from 0.11 to 0.22. This indicates that the company's total debt as a percentage of its total assets has been moderate and manageable.

The debt-to-capital ratio has also exhibited variability, fluctuating between 0.25 and 0.41. This ratio reflects the proportion of the company's capital that is financed through debt, with higher values suggesting higher financial risk. Patterson Companies Inc's debt-to-capital ratio has generally remained below 0.35, indicating a reasonable level of debt relative to the total capital structure.

The debt-to-equity ratio has shown more significant fluctuations, ranging from 0.33 to 0.70. This ratio measures the proportion of the company's financing that comes from debt compared to equity, with higher values indicating higher financial leverage. Patterson Companies Inc's debt-to-equity ratio has at times surpassed 0.50, potentially signaling a higher level of financial risk and reliance on debt financing.

The financial leverage ratio, which measures the company's financial risk by comparing its total assets to equity, has also shown variability, ranging from 2.23 to 3.26. This indicates that the company's financial structure has been subject to changes over time, with periods of higher and lower leverage.

Overall, the solvency ratios of Patterson Companies Inc suggest that the company has maintained a moderate level of debt relative to its assets and capital structure. However, the fluctuations in the debt-to-equity and financial leverage ratios highlight the need for close monitoring of the company's financial leverage and risk management practices.

Coverage ratios

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
Interest coverage 6.42 6.98 7.46 8.46 9.06 10.25 12.51 13.32 14.20 11.38 10.39 10.31 9.27 -16.95 -12.43 -13.98 -13.11 2.81 3.39 5.11

The interest coverage ratio of Patterson Companies Inc has shown a generally improving trend from October 2019 to April 2023, indicating the company's ability to meet its interest obligations from its earnings. However, there was a significant decline in the interest coverage ratio in the second quarter of 2023, particularly in January 2021, where the ratio fell into negative territory. This negative trend continued until January 2022 before rebounding back to positive levels.

The company's interest coverage ratio peaked at 14.20 in April 2022, suggesting a strong ability to cover its interest expenses. Subsequently, the ratio fluctuated but remained above 10, indicating a good level of interest coverage. However, in the most recent quarters - January 2023 to April 2024 - the interest coverage has started to decline gradually, albeit remaining at fairly healthy levels.

Overall, Patterson Companies Inc's interest coverage ratio demonstrates a history of variability but generally shows the company's ability to meet its interest payments with its operating income, providing insights into its financial health and risk of default on debt obligations.