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
Patterson Companies (NASDAQ:PDCO) Seems To Use Debt Quite Sensibly
Mar 10
Patterson Companies (NASDAQ:PDCO) Seems To Use Debt Quite Sensibly
Sep 28These 4 Measures Indicate That Patterson Companies (NASDAQ:PDCO) Is Using Debt Extensively
Jun 12Recent updates
Patterson Companies: Smiling Through The Pain
Apr 06Patterson Companies, Inc.'s (NASDAQ:PDCO) Prospects Need A Boost To Lift Shares
Feb 09What Is Patterson Companies, Inc.'s (NASDAQ:PDCO) Share Price Doing?
Jan 19Patterson Companies (NASDAQ:PDCO) Is Looking To Continue Growing Its Returns On Capital
Dec 22Should You Be Adding Patterson Companies (NASDAQ:PDCO) To Your Watchlist Today?
Sep 27There's Been No Shortage Of Growth Recently For Patterson Companies' (NASDAQ:PDCO) Returns On Capital
Sep 06A Look At The Fair Value Of Patterson Companies, Inc. (NASDAQ:PDCO)
Jul 03Is It Time To Consider Buying Patterson Companies, Inc. (NASDAQ:PDCO)?
Jun 13With EPS Growth And More, Patterson Companies (NASDAQ:PDCO) Makes An Interesting Case
May 26Patterson Companies (NASDAQ:PDCO) Shareholders Will Want The ROCE Trajectory To Continue
May 08Patterson Companies (NASDAQ:PDCO) Seems To Use Debt Quite Sensibly
Mar 10Do Patterson Companies' (NASDAQ:PDCO) Earnings Warrant Your Attention?
Feb 22A Look At The Fair Value Of Patterson Companies, Inc. (NASDAQ:PDCO)
Feb 09When Should You Buy Patterson Companies, Inc. (NASDAQ:PDCO)?
Jan 24Patterson Companies (NASDAQ:PDCO) Has Affirmed Its Dividend Of $0.26
Jan 10Patterson Companies (NASDAQ:PDCO) Has Affirmed Its Dividend Of $0.26
Dec 19Estimating The Intrinsic Value Of Patterson Companies, Inc. (NASDAQ:PDCO)
Nov 10Does Patterson Companies (NASDAQ:PDCO) Deserve A Spot On Your Watchlist?
Oct 27Patterson Companies (NASDAQ:PDCO) Is Paying Out A Dividend Of $0.26
Oct 14Investors Met With Slowing Returns on Capital At Patterson Companies (NASDAQ:PDCO)
Oct 13Patterson gets new CEO after probe concludes previous chief violated company policy
Oct 13Patterson Companies (NASDAQ:PDCO) Seems To Use Debt Quite Sensibly
Sep 28Patterson Companies: Looking Past The Earnings Disappointment
Sep 22Patterson declares $0.26 dividend
Sep 13At US$27.89, Is Patterson Companies, Inc. (NASDAQ:PDCO) Worth Looking At Closely?
Sep 01Patterson FQ1 2023 Earnings Preview
Aug 31An Intrinsic Calculation For Patterson Companies, Inc. (NASDAQ:PDCO) Suggests It's 30% Undervalued
Aug 05Here's Why We Think Patterson Companies (NASDAQ:PDCO) Might Deserve Your Attention Today
Jul 20Patterson Companies: Defying The Industry-Wide Pessimism
Jul 07Patterson Companies (NASDAQ:PDCO) Has Re-Affirmed Its Dividend Of US$0.26
Jul 01Patterson Companies (NASDAQ:PDCO) Is Finding It Tricky To Allocate Its Capital
Jun 30Patterson Non-GAAP EPS of $0.71 beats by $0.15, revenue of $1.64B beats by $50M, initiates fiscal 2023 guidance
Jun 29These 4 Measures Indicate That Patterson Companies (NASDAQ:PDCO) Is Using Debt Extensively
Jun 12Is Patterson Companies, Inc. (NASDAQ:PDCO) Potentially Undervalued?
May 25Patterson Companies, Inc. (NASDAQ:PDCO) Shares Could Be 28% Above Their Intrinsic Value Estimate
Apr 19Financial Position Analysis
Short Term Liabilities: PDCO's short term assets ($1.8B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: PDCO's short term assets ($1.8B) exceed its long term liabilities ($684.1M).
Debt to Equity History and Analysis
Debt Level: PDCO's net debt to equity ratio (68.4%) is considered high.
Reducing Debt: PDCO's debt to equity ratio has increased from 53.3% to 81.7% over the past 5 years.
Debt Coverage: PDCO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PDCO's interest payments on its debt are well covered by EBIT (18.4x coverage).