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:
PDCO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.5 Max: 9.82
Current: 0.57
During the past 13 years, the highest Debt-to-Equity Ratio of Patterson was 9.82. The lowest was 0.03. And the median was 0.50.
PDCO's Debt-to-Equity is ranked worse than 60.87% of 69
companies
in the Medical Distribution industry
Industry Median: 0.42
vs PDCO: 0.57
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 Annual Data
Trend
Apr13
Apr14
Apr15
Apr16
Apr17
Apr18
Apr19
Apr20
Apr21
Apr22
Debt-to-Equity
0.69
0.51
0.80
0.75
0.57
Patterson Quarterly Data
Jul17
Oct17
Jan18
Apr18
Jul18
Oct18
Jan19
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Debt-to-Equity
0.75
0.73
0.70
0.67
0.57
Competitive Comparison
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 Debt-to-Equity Distribution
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. 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. * 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.
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
Thank you for viewing the detailed overview of Patterson's Debt-to-Equity 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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