Patterson (Patterson) Interest Expense

: $-43 Mil (TTM As of Jan. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Patterson's interest expense for the three months ended in Jan. 2024 was $ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-43 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Patterson's Operating Income for the three months ended in Jan. 2024 was $ 70 Mil. Patterson's Interest Expense for the three months ended in Jan. 2024 was $ -12 Mil. Patterson's Interest Coverage for the quarter that ended in Jan. 2024 was 5.97. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Patterson Interest Expense Historical Data

The historical data trend for Patterson's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => -39.67 [6] => -41.79 [7] => -24.28 [8] => -20.29 [9] => -33.64 )

Patterson Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

-39.67

-41.79

-24.28

-20.29

-33.64

Patterson Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense																-9.73	-10.80	-9.51	-10.64	-11.73

Patterson Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-43 Mil.

Patterson (NAS:PDCO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Patterson's Interest Expense for the three months ended in Jan. 2024 was $-12 Mil. Its Operating Income for the three months ended in Jan. 2024 was $70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $529 Mil.

Patterson's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	70.012	/	-11.725
	=	5.97

The higher the ratio, the stronger the company's financial strength is.

Patterson (Patterson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Patterson Companies Inc (NAS:PDCO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PD2:Germany PD2:Germany

Address

1031 Mendota Heights Road, Saint Paul, MN, USA, 55120

Website

https://www.pattersoncompanies.com

Patterson Companies Inc is a leading dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental, and Patterson Animal Health. The company's segment includes Dental, Animal Health, and Corporate. It generates maximum revenue from the Animal Health segment. Geographically, it derives a majority of its revenue from the United States.

Executives

Kevin Michael Barry	officer: Chief Financial Officer	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Donald Zurbay	officer: Chief Financial Officer	C/O ST. JUDE MEDICAL, INC., ONE ST JUDE MEDICAL DRIVE, ST. PAUL MN 55117
Timothy E Rogan	officer: President - Dental	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Les B Korsh	officer: VP, General Counsel	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55110
Meenu Agarwal	director	7246 E MERCER WAY, MERCER ISLAND WA 98040
Samantha L Bergeson	officer: CHRO	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Andrea L. Frohning	officer: Chief Human Resources Officer	C/O DENTSLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Philip Mckoy	director	120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Jody H Feragen	director	1 HORMEL PLACE, AUSTIN TX 55912
Eric R Shirley	officer: President-Patterson Dental	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Francis Joseph Malecha	director	9900 WEST 109TH STREET, SUITE 100, OVERLAND PARK KS 66210
Robert Frenzel	director	414 NICOLLET MALL, MINNEAPOLIS MN 55401
Dennis W Goedken	officer: Interim CFO	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
Ann B Gugino	officer: Vice President	1031 MENDOTA HEIGHTS ROAD, ST. PAUL MN 55120
John D Buck	director	4201 GULF SHORE BLVD NORTH, APT 1703N, NAPLES FL 34103