Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Patterson's cash to debt ratio for the quarter that ended in Apr. 2022 was 0.24.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Patterson couldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2022.
The historical rank and industry rank for Patterson's Cash-to-Debt or its related term are showing as below:
PDCO'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.66 Max: No Debt
Current: 0.24
During the past 13 years, Patterson's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 0.66.
PDCO's Cash-to-Debt is ranked worse than 76.54% of 81
companies
in the Medical Distribution industry
Industry Median: 0.65
vs PDCO: 0.24
Patterson Cash-to-Debt Historical Data
The historical data trend for Patterson's Cash-to-Debt 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.
Patterson Annual Data
Trend
Apr13
Apr14
Apr15
Apr16
Apr17
Apr18
Apr19
Apr20
Apr21
Apr22
Cash-to-Debt
0.06
0.13
0.12
0.20
0.24
Patterson Quarterly Data
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Cash-to-Debt
0.20
0.19
0.22
0.24
0.24
Competitive Comparison
For the Medical Distribution subindustry, Patterson's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Patterson Cash-to-Debt Distribution
For the Medical Distribution industry and Healthcare sector, Patterson's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Patterson's Cash-to-Debt falls into.
* 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.
Patterson (NAS:PDCO) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Patterson Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of Patterson's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
Patterson is a leading dental distributor and wholesaler of consumable products and equipment operating through two business segments, Patterson Dental and Patterson Animal Health. The firm offers dental and veterinary practice management products, including office software products, technical, financial, and educational services, primarily to two highly fragmented market segments throughout the U.S. and Canada. The company began as a dental distributor in 1877 and expanded to become a major supplier of animal health products to vets and production companies through an acquisition of Animal Health International in 2015. Patterson also has a presence in the U.K. animal health market.
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