Patrick Industries Balance Sheet Health
Financial Health criteria checks 4/6
Patrick Industries has a total shareholder equity of $1.1B and total debt of $1.4B, which brings its debt-to-equity ratio to 123%. Its total assets and total liabilities are $3.1B and $2.0B respectively. Patrick Industries's EBIT is $275.8M making its interest coverage ratio 3.6. It has cash and short-term investments of $52.6M.
Key information
123.0%
Debt to equity ratio
US$1.39b
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$52.61m |
| Equity | US$1.13b |
| Total liabilities | US$1.99b |
| Total assets | US$3.12b |
Recent financial health updates
Patrick Industries (NASDAQ:PATK) Takes On Some Risk With Its Use Of Debt
Sep 09
We Think Patrick Industries (NASDAQ:PATK) Is Taking Some Risk With Its Debt
Dec 06These 4 Measures Indicate That Patrick Industries (NASDAQ:PATK) Is Using Debt Extensively
Jul 29Is Patrick Industries (NASDAQ:PATK) A Risky Investment?
Feb 22Recent updates
Earnings Update: Patrick Industries, Inc. (NASDAQ:PATK) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
Nov 03Should You Investigate Patrick Industries, Inc. (NASDAQ:PATK) At US$146?
Oct 18Patrick Industries, Inc. (NASDAQ:PATK) Investors Are Less Pessimistic Than Expected
Oct 03Patrick Industries (NASDAQ:PATK) Takes On Some Risk With Its Use Of Debt
Sep 09Patrick Industries: With Key Markets Stabilizing, Shares Deserve More Upside
Jul 29Why Patrick Industries, Inc. (NASDAQ:PATK) Could Be Worth Watching
Jul 12Some May Be Optimistic About Patrick Industries' (NASDAQ:PATK) Earnings
May 22Patrick Industries, Inc.'s (NASDAQ:PATK) CEO Compensation Looks Acceptable To Us And Here's Why
May 10Patrick Industries: An Acquisitions Masterclass For Long-Term Growth
May 04Market Still Lacking Some Conviction On Patrick Industries, Inc. (NASDAQ:PATK)
Apr 24Patrick Industries: Expectations Run A Bit Hot After Its Biggest M&A Deal
Mar 12Are Investors Undervaluing Patrick Industries, Inc. (NASDAQ:PATK) By 32%?
Feb 26Patrick Industries (NASDAQ:PATK) Is Due To Pay A Dividend Of $0.55
Feb 11Patrick Industries, Inc. (NASDAQ:PATK) Might Not Be As Mispriced As It Looks
Jan 23Is Now The Time To Look At Buying Patrick Industries, Inc. (NASDAQ:PATK)?
Jan 04Patrick Industries (NASDAQ:PATK) Will Want To Turn Around Its Return Trends
Dec 19We Think Patrick Industries (NASDAQ:PATK) Is Taking Some Risk With Its Debt
Dec 06Patrick Industries (NASDAQ:PATK) Is Increasing Its Dividend To $0.55
Nov 19What Does Patrick Industries, Inc.'s (NASDAQ:PATK) Share Price Indicate?
Sep 25Capital Allocation Trends At Patrick Industries (NASDAQ:PATK) Aren't Ideal
Aug 16These 4 Measures Indicate That Patrick Industries (NASDAQ:PATK) Is Using Debt Extensively
Jul 29Is Patrick Industries, Inc. (NASDAQ:PATK) Potentially Undervalued?
Jun 11Patrick Industries (NASDAQ:PATK) Has Some Way To Go To Become A Multi-Bagger
May 18Patrick Industries, Inc. (NASDAQ:PATK) Shares Could Be 22% Below Their Intrinsic Value Estimate
Apr 27At US$71.26, Is Patrick Industries, Inc. (NASDAQ:PATK) Worth Looking At Closely?
Mar 10Is Patrick Industries (NASDAQ:PATK) A Risky Investment?
Feb 22Is There An Opportunity With Patrick Industries, Inc.'s (NASDAQ:PATK) 32% Undervaluation?
Jan 25Patrick Industries (NASDAQ:PATK) Might Become A Compounding Machine
Jan 09Financial Position Analysis
Short Term Liabilities: PATK's short term assets ($913.0M) exceed its short term liabilities ($379.2M).
Long Term Liabilities: PATK's short term assets ($913.0M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: PATK's net debt to equity ratio (118.3%) is considered high.
Reducing Debt: PATK's debt to equity ratio has reduced from 142.3% to 123% over the past 5 years.
Debt Coverage: PATK's debt is well covered by operating cash flow (24.4%).
Interest Coverage: PATK's interest payments on its debt are well covered by EBIT (3.6x coverage).