Market Cap : 3 B | Enterprise Value : 3.39 B | PE Ratio : 14.86 | PB Ratio : 2.86 |
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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Patterson's current ratio for the quarter that ended in Apr. 2022 was 1.65.
Patterson has a current ratio of 1.65. It generally indicates good short-term financial strength.
The historical rank and industry rank for Patterson's Current Ratio or its related term are showing as below:
During the past 13 years, Patterson's highest Current Ratio was 3.35. The lowest was 1.44. And the median was 2.47.
PDCO's Current Ratio is ranked better thanThe historical data trend for Patterson's Current Ratio 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.
For the Medical Distribution subindustry, Patterson's Current Ratio, along with its competitors' market caps and Current Ratio 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.
For the Medical Distribution industry and Healthcare sector, Patterson's Current Ratio distribution charts can be found below:
* The bar in red indicates where Patterson's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Patterson's Current Ratio for the fiscal year that ended in Apr. 2022
Patterson's Current Ratio for the quarter that ended in Apr. 2022 is calculated as * For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
Current Ratio (A: Apr. 2022 ) = Total Current Assets (A: Apr. 2022 ) / Total Current Liabilities (A: Apr. 2022 )
= 1679.022 / 1015.669
= 1.65
Current Ratio (Q: Apr. 2022 ) = Total Current Assets (Q: Apr. 2022 ) / Total Current Liabilities (Q: Apr. 2022 )
= 1679.022 / 1015.669
= 1.65
* 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.
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Patterson's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Mckoy Philip | director | 120 BROADWAY SUITE 200 SANTA MONICA CA 90401 |
Rogan Timothy E | officer: President - Dental | 1031 MENDOTA HEIGHTS ROAD ST. PAUL MN 55120 |
Shirley Eric R | officer: President-Patterson Dental | 1031 MENDOTA HEIGHTS ROAD ST. PAUL MN 55120 |
Zurbay Donald | officer: Chief Financial Officer | C/O ST. JUDE MEDICAL, INC. ONE ST JUDE MEDICAL DRIVE ST. PAUL MN 55117 |
Malecha Francis Joseph | director | 9900 WEST 109TH STREET, SUITE 100 OVERLAND PARK KS 66210 |
Frohning Andrea L. | officer: Chief Human Resources Officer | 13515 BALLANTYNE CORPORATE PLACE CHARLOTTE NC 28277 |
Frenzel Robert | director | 414 NICOLLET MALL MINNEAPOLIS MN 55401 |
Goedken Dennis W | officer: Interim CFO | 1031 MENDOTA HEIGHTS ROAD ST. PAUL MN 55120 |
Walchirk Mark S | director, officer: President & CEO | 1031 MENDOTA HEIGHTS ROAD ST. PAUL MN 55120 |
Pohlman Kevin M | officer: President - Animal Health | 822 7TH STREET, SUITE 740 GREELEY CO 80631 |
Blanco Alex N | director | ONE BAXTER PARKWAY DEERFIELD IL 60015 |
Misiak David G | officer: President, Patterson Dental | 1031 MENDOTA HEIGHTS ROAD ST. PAUL MN 55120 |
Baker Kelly A | officer: CHRO | 1031 MENDOTA HEIGHTS ST. PAUL MN 55120 |
Korsh Les B | officer: VP, General Counsel | 1031 MENDOTA HEIGHTS ROAD ST. PAUL MN 55110 |
Adent John Edward | officer: CEO - Subsidiary | 822 7TH STREET, SUITE 740 GREELEY CO 80631 |
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