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Patterson Quick Ratio

: 0.80 (As of Jul. 2022)
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The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Patterson's quick ratio for the quarter that ended in Jul. 2022 was 0.80.

Patterson has a quick ratio of 0.80. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Patterson's Quick Ratio or its related term are showing as below:

PDCO' s Quick Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.67   Max: 2.79
Current: 0.8

During the past 13 years, Patterson's highest Quick Ratio was 2.79. The lowest was 0.68. And the median was 1.67.

PDCO's Quick Ratio is ranked worse than
72.62% of 84 companies
in the Medical Distribution industry
Industry Median: 1.08 vs PDCO: 0.80

Patterson Quick Ratio Historical Data

The historical data trend for Patterson's Quick 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.

* Premium members only.

Patterson Annual Data
Trend Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 0.96 0.68 0.81 0.88

Patterson Quarterly Data
Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22
Quick Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.81 0.81 0.88 0.80

Competitive Comparison

For the Medical Distribution subindustry, Patterson's Quick Ratio, along with its competitors' market caps and Quick 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.

   

Patterson Quick Ratio Distribution

For the Medical Distribution industry and Healthcare sector, Patterson's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Patterson's Quick Ratio falls into.



Patterson Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Patterson's Quick Ratio for the fiscal year that ended in Apr. 2022 is calculated as

Quick Ratio (A: Apr. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1679.022-785.604)/1015.669
=0.88

Patterson's Quick Ratio for the quarter that ended in Jul. 2022 is calculated as

Quick Ratio (Q: Jul. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(1705.981-874.817)/1043.564
=0.80

* 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) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Patterson Quick Ratio Related Terms

Thank you for viewing the detailed overview of Patterson's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Patterson Business Description

Patterson logo
Traded in Other Exchanges
Address
1031 Mendota Heights Road, Saint Paul, MN, USA, 55120
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.
Executives
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

Patterson Headlines

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