Patterson (LTS:0KGB) Debt-to-Equity : 0.92 (As of Jan. 2024)

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What is Patterson Debt-to-Equity?

Patterson's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $366 Mil. Patterson's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $529 Mil. Patterson's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $971 Mil. Patterson's debt to equity for the quarter that ended in Jan. 2024 was 0.92.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Patterson's Debt-to-Equity or its related term are showing as below:

LTS:0KGB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.48 Med: 0.71 Max: 1.14
Current: 0.92

During the past 13 years, the highest Debt-to-Equity Ratio of Patterson was 1.14. The lowest was 0.48. And the median was 0.71.

LTS:0KGB's Debt-to-Equity is ranked worse than
80.72% of 83 companies
in the Medical Distribution industry
Industry Median: 0.29 vs LTS:0KGB: 0.92

Patterson Debt-to-Equity Historical Data

The historical data trend for Patterson's Debt-to-Equity 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 Debt-to-Equity Chart

Patterson Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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0.51

0.80

0.75

0.57

0.56

Patterson Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.67	0.56	0.60	0.72	0.92

Competitive Comparison of Patterson's Debt-to-Equity

For the Medical Distribution subindustry, Patterson's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Patterson's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Patterson's Debt-to-Equity falls into.

Patterson Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Patterson's Debt to Equity Ratio for the fiscal year that ended in Apr. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(109.39	+	518.607)	/	1117.535
	=	0.56

Patterson's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(366.262	+	528.718)	/	971.482
	=	0.92

Patterson (LTS:0KGB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Patterson Debt-to-Equity Related Terms

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Patterson (LTS:0KGB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Patterson Companies Inc (LTS:0KGB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PDCO:USA 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.

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