Patterson Companies Balance Sheet Health
Financial Health criteria checks 3/6
Patterson Companies has a total shareholder equity of $972.2M and total debt of $793.9M, which brings its debt-to-equity ratio to 81.7%. Its total assets and total liabilities are $2.9B and $2.0B respectively. Patterson Companies's EBIT is $280.4M making its interest coverage ratio 18.4. It has cash and short-term investments of $128.9M.
Key information
81.7%
Debt to equity ratio
US$793.93m
Debt
Interest coverage ratio | 18.4x |
Cash | US$128.93m |
Equity | US$972.17m |
Total liabilities | US$1.97b |
Total assets | US$2.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PD2's short term assets ($1.8B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: PD2's short term assets ($1.8B) exceed its long term liabilities ($684.1M).
Debt to Equity History and Analysis
Debt Level: PD2's net debt to equity ratio (68.4%) is considered high.
Reducing Debt: PD2's debt to equity ratio has increased from 53.3% to 81.7% over the past 5 years.
Debt Coverage: PD2's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PD2's interest payments on its debt are well covered by EBIT (18.4x coverage).