Patrick Industries Balance Sheet Health
Financial Health criteria checks 4/6
Patrick Industries has a total shareholder equity of $1.0B and total debt of $1.0B, which brings its debt-to-equity ratio to 98.1%. Its total assets and total liabilities are $2.6B and $1.5B respectively. Patrick Industries's EBIT is $260.2M making its interest coverage ratio 3.8. It has cash and short-term investments of $11.4M.
Key information
98.1%
Debt to equity ratio
US$1.03b
Debt
| Interest coverage ratio | 3.8x |
| Cash | US$11.41m |
| Equity | US$1.05b |
| Total liabilities | US$1.52b |
| Total assets | US$2.56b |
Recent financial health updates
We Think Patrick Industries (NASDAQ:PATK) Is Taking Some Risk With Its Debt
Dec 06
These 4 Measures Indicate That Patrick Industries (NASDAQ:PATK) Is Using Debt Extensively
Jul 29Is Patrick Industries (NASDAQ:PATK) A Risky Investment?
Feb 22Is Patrick Industries (NASDAQ:PATK) A Risky Investment?
Nov 11Is Patrick Industries (NASDAQ:PATK) Using Too Much Debt?
Aug 05Recent updates
Patrick 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 09Is Now An Opportune Moment To Examine Patrick Industries, Inc. (NASDAQ:PATK)?
Dec 04Is Patrick Industries (NASDAQ:PATK) A Risky Investment?
Nov 11If EPS Growth Is Important To You, Patrick Industries (NASDAQ:PATK) Presents An Opportunity
Oct 05Capital Investments At Patrick Industries (NASDAQ:PATK) Point To A Promising Future
Sep 20Why Patrick Industries, Inc. (NASDAQ:PATK) Could Be Worth Watching
Sep 05Patrick Industries expands credit facility to $925M
Aug 15Is Patrick Industries (NASDAQ:PATK) Using Too Much Debt?
Aug 05Patrick Q2 2022 Earnings Preview
Jul 27Is Now The Time To Put Patrick Industries (NASDAQ:PATK) On Your Watchlist?
Jun 20Patrick Industries (NASDAQ:PATK) Has More To Do To Multiply In Value Going Forward
Jun 07Is It Too Late To Consider Buying Patrick Industries, Inc. (NASDAQ:PATK)?
May 22Financial Position Analysis
Short Term Liabilities: PATK's short term assets ($734.6M) exceed its short term liabilities ($308.5M).
Long Term Liabilities: PATK's short term assets ($734.6M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: PATK's net debt to equity ratio (97%) is considered high.
Reducing Debt: PATK's debt to equity ratio has reduced from 154.9% to 98.1% over the past 5 years.
Debt Coverage: PATK's debt is well covered by operating cash flow (39.8%).
Interest Coverage: PATK's interest payments on its debt are well covered by EBIT (3.8x coverage).