Patterson Long Term Debt vs Short Term Debt Analysis

PDCO Stock

USD 21.62 1.16 5.67%

Patterson Companies financial indicator trend analysis is much more than just breaking down Patterson Companies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Patterson Companies is a good investment. Please check the relationship between Patterson Companies Long Term Debt and its Short Term Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.

Long Term Debt vs Short Term Debt

Long Term Debt vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Patterson Companies Long Term Debt account and Short Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Patterson Companies' Long Term Debt and Short Term Debt is -0.16. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Patterson Companies, assuming nothing else is changed. The correlation between historical values of Patterson Companies' Long Term Debt and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Patterson Companies are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Long Term Debt i.e., Patterson Companies' Long Term Debt and Short Term Debt go up and down completely randomly.

Correlation Coefficient

-0.16

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Long Term Debt

Long-term debt is a debt that Patterson Companies has held for over one year. Long-term debt appears on Patterson Companies balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Patterson Companies balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Short Term Debt

Most indicators from Patterson Companies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Patterson Companies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.At this time, Patterson Companies' Enterprise Value Over EBITDA is very stable compared to the past year. As of the 25th of November 2024, Enterprise Value Multiple is likely to grow to 9.37, while Selling General Administrative is likely to drop about 748.6 M.

	2021	2022	2023	2024 (projected)
Gross Profit	1.3B	1.4B	1.4B	894.1M
Total Revenue	6.5B	6.5B	6.6B	6.9B

Gross Profit Total Revenue

Patterson Companies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Good Will	Common Stock Total Equity	Intangible Assets
Total Assets		0.79	0.79	0.44	0.88	0.64	0.7	0.81	0.48	0.13	0.95	0.13	0.14	0.89	-0.82	0.91	0.63	0.09	-0.06	0.93	0.16	0.95	0.05	0.57	0.8	0.75
Short Long Term Debt Total	0.79		0.57	0.14	0.82	0.35	0.5	0.83	0.14	0.3	0.81	-0.19	0.33	0.84	-0.56	0.8	0.28	-0.17	-0.33	0.65	0.01	0.71	0.49	0.68	0.64	0.54
Other Current Liab	0.79	0.57		0.53	0.6	0.59	0.4	0.47	0.5	0.15	0.61	0.23	0.15	0.55	-0.72	0.55	0.62	0.51	0.23	0.81	0.18	0.9	0.17	0.14	0.74	0.42
Total Current Liabilities	0.44	0.14	0.53		0.14	0.93	0.63	0.0	0.94	-0.32	0.25	0.46	-0.34	0.28	-0.81	0.16	0.93	0.78	0.82	0.59	0.85	0.58	0.23	-0.38	0.55	0.43
Total Stockholder Equity	0.88	0.82	0.6	0.14		0.36	0.46	0.98	0.14	0.45	0.93	-0.26	0.47	0.83	-0.62	0.86	0.31	-0.19	-0.36	0.65	0.01	0.75	0.14	0.82	0.78	0.57
Property Plant And Equipment Net	0.64	0.35	0.59	0.93	0.36		0.71	0.25	0.95	-0.22	0.5	0.49	-0.23	0.47	-0.93	0.42	0.95	0.61	0.62	0.75	0.74	0.73	0.19	-0.13	0.69	0.61
Net Debt	0.7	0.5	0.4	0.63	0.46	0.71		0.42	0.68	-0.43	0.69	0.3	-0.44	0.81	-0.75	0.7	0.77	0.22	0.25	0.77	0.44	0.65	-0.01	0.24	0.41	0.9
Retained Earnings	0.81	0.83	0.47	0.0	0.98	0.25	0.42		0.01	0.49	0.91	-0.34	0.51	0.81	-0.51	0.86	0.18	-0.34	-0.51	0.56	-0.09	0.64	0.13	0.9	0.7	0.56
Accounts Payable	0.48	0.14	0.5	0.94	0.14	0.95	0.68	0.01		-0.47	0.31	0.67	-0.48	0.33	-0.84	0.26	0.97	0.68	0.78	0.67	0.7	0.61	0.08	-0.34	0.46	0.54
Cash	0.13	0.3	0.15	-0.32	0.45	-0.22	-0.43	0.49	-0.47		0.19	-0.59	1.0	-0.01	0.12	0.15	-0.41	-0.3	-0.54	-0.13	-0.18	0.06	0.19	0.47	0.49	-0.25
Non Current Assets Total	0.95	0.81	0.61	0.25	0.93	0.5	0.69	0.91	0.31	0.19		-0.02	0.2	0.92	-0.71	0.96	0.46	-0.13	-0.29	0.82	0.05	0.82	-0.02	0.76	0.72	0.79
Non Currrent Assets Other	0.13	-0.19	0.23	0.46	-0.26	0.49	0.3	-0.34	0.67	-0.59	-0.02		-0.62	-0.04	-0.33	0.05	0.6	0.44	0.54	0.4	0.1	0.26	-0.33	-0.5	-0.07	0.34
Cash And Short Term Investments	0.14	0.33	0.15	-0.34	0.47	-0.23	-0.44	0.51	-0.48	1.0	0.2	-0.62		0.01	0.11	0.15	-0.42	-0.32	-0.56	-0.14	-0.19	0.06	0.24	0.49	0.49	-0.27
Net Receivables	0.89	0.84	0.55	0.28	0.83	0.47	0.81	0.81	0.33	-0.01	0.92	-0.04	0.01		-0.67	0.92	0.48	-0.13	-0.21	0.8	0.1	0.79	0.1	0.68	0.58	0.8
Common Stock Shares Outstanding	-0.82	-0.56	-0.72	-0.81	-0.62	-0.93	-0.75	-0.51	-0.84	0.12	-0.71	-0.33	0.11	-0.67		-0.61	-0.9	-0.48	-0.42	-0.84	-0.58	-0.86	-0.21	-0.15	-0.79	-0.66
Non Current Liabilities Total	0.91	0.8	0.55	0.16	0.86	0.42	0.7	0.86	0.26	0.15	0.96	0.05	0.15	0.92	-0.61		0.41	-0.21	-0.36	0.8	-0.07	0.77	-0.1	0.75	0.61	0.85
Inventory	0.63	0.28	0.62	0.93	0.31	0.95	0.77	0.18	0.97	-0.41	0.46	0.6	-0.42	0.48	-0.9	0.41		0.66	0.7	0.77	0.65	0.73	0.08	-0.19	0.55	0.65
Other Current Assets	0.09	-0.17	0.51	0.78	-0.19	0.61	0.22	-0.34	0.68	-0.3	-0.13	0.44	-0.32	-0.13	-0.48	-0.21	0.66		0.84	0.3	0.55	0.31	0.18	-0.66	0.25	0.06
Other Stockholder Equity	-0.06	-0.33	0.23	0.82	-0.36	0.62	0.25	-0.51	0.78	-0.54	-0.29	0.54	-0.56	-0.21	-0.42	-0.36	0.7	0.84		0.18	0.71	0.16	0.16	-0.78	0.07	0.01
Total Liab	0.93	0.65	0.81	0.59	0.65	0.75	0.77	0.56	0.67	-0.13	0.82	0.4	-0.14	0.8	-0.84	0.8	0.77	0.3	0.18		0.25	0.96	-0.03	0.29	0.68	0.78
Property Plant And Equipment Gross	0.16	0.01	0.18	0.85	0.01	0.74	0.44	-0.09	0.7	-0.18	0.05	0.1	-0.19	0.1	-0.58	-0.07	0.65	0.55	0.71	0.25		0.26	0.37	-0.35	0.46	0.17
Total Current Assets	0.95	0.71	0.9	0.58	0.75	0.73	0.65	0.64	0.61	0.06	0.82	0.26	0.06	0.79	-0.86	0.77	0.73	0.31	0.16	0.96	0.26		0.11	0.32	0.8	0.65
Short Term Debt	0.05	0.49	0.17	0.23	0.14	0.19	-0.01	0.13	0.08	0.19	-0.02	-0.33	0.24	0.1	-0.21	-0.1	0.08	0.18	0.16	-0.03	0.37	0.11		-0.02	0.28	-0.19
Good Will	0.57	0.68	0.14	-0.38	0.82	-0.13	0.24	0.9	-0.34	0.47	0.76	-0.5	0.49	0.68	-0.15	0.75	-0.19	-0.66	-0.78	0.29	-0.35	0.32	-0.02		0.37	0.41
Common Stock Total Equity	0.8	0.64	0.74	0.55	0.78	0.69	0.41	0.7	0.46	0.49	0.72	-0.07	0.49	0.58	-0.79	0.61	0.55	0.25	0.07	0.68	0.46	0.8	0.28	0.37		0.42
Intangible Assets	0.75	0.54	0.42	0.43	0.57	0.61	0.9	0.56	0.54	-0.25	0.79	0.34	-0.27	0.8	-0.66	0.85	0.65	0.06	0.01	0.78	0.17	0.65	-0.19	0.41	0.42

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Patterson Companies Account Relationship Matchups

Patterson Companies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	2.8B	2.7B	2.9B	2.9B	1.9B
Short Long Term Debt Total	668.3M	721.9M	590.2M	628.0M	762.9M	519.4M
Other Current Liab	182.1M	294.4M	276M	250.9M	245.6M	127.0M
Total Current Liabilities	1.1B	1.1B	1.0B	1.1B	1.3B	1.4B
Total Stockholder Equity	836.4M	964.7M	1.0B	1.1B	1.0B	938.6M
Property Plant And Equipment Net	382.7M	296.7M	283.9M	305.2M	351.4M	368.9M
Net Debt	590.4M	578.6M	448.2M	468.3M	648.5M	680.9M
Retained Earnings	799.7M	855.7M	921.7M	972.1M	831.5M	917.7M
Accounts Payable	862.1M	609.3M	681.3M	725.0M	745.4M	782.6M
Cash	77.9M	143.2M	142.0M	159.7M	114.5M	184.6M
Non Current Assets Total	1.2B	1.1B	1.1B	1.1B	1.1B	892.5M
Non Currrent Assets Other	337.6M	89.9M	246.3M	123.3M	(4.9M)	(4.7M)
Cash And Short Term Investments	77.9M	143.2M	142.0M	159.7M	114.5M	190.8M
Net Receivables	416.5M	449.2M	447.2M	477.4M	547.3M	389.9M
Common Stock Shares Outstanding	94.2M	96.7M	98.5M	97.8M	93.7M	94.8M
Liabilities And Stockholders Equity	2.7B	2.8B	2.7B	2.9B	2.9B	1.9B
Non Current Liabilities Total	804.0M	697.2M	683.3M	675.3M	562.5M	493.7M
Inventory	812.2M	736.8M	785.6M	795.1M	782.9M	822.0M
Other Current Assets	236.1M	573.3M	304.2M	351.0M	334.1M	350.8M
Other Stockholder Equity	132.9M	169.1M	200.5M	233.7M	258.7M	271.6M
Total Liab	1.9B	1.8B	1.7B	1.8B	1.9B	987.4M
Property Plant And Equipment Gross	382.7M	296.7M	283.9M	305.2M	784.7M	823.9M
Total Current Assets	1.5B	1.6B	1.7B	1.8B	1.8B	1.0B
Accumulated Other Comprehensive Income	(97.0M)	(62.6M)	(81.5M)	(89.3M)	(89.9M)	(85.4M)
Short Term Debt	30.7M	186.0M	58.3M	109.4M	341.6M	358.6M
Good Will	138.7M	139.9M	140.6M	156.4M	156.3M	148.5M
Common Stock Total Equity	953K	959K	968K	964K	1.1M	1.0M
Intangible Assets	313.5M	279.6M	252.6M	231.9M	193.3M	275.3M
Common Stock	953K	959K	968K	964K	897K	1.0M
Other Liab	153.3M	161.3M	141.4M	156.7M	180.2M	97.2M
Other Assets	337.4M	419.4M	226.4M	242.5M	278.8M	207.8M
Property Plant Equipment	303.7M	219.4M	213.1M	212.3M	244.1M	196.5M
Current Deferred Revenue	22.0M	134.5M	38.6M	(45M)	37.4M	60.8M
Long Term Debt	587.8M	487.5M	488.6M	451.2M	328.9M	635.5M
Net Tangible Assets	381.9M	543.6M	648.4M	729.2M	838.6M	447.3M
Noncontrolling Interest In Consolidated Entity	2.3M	1.5M	959K	1M	900K	855K
Retained Earnings Total Equity	799.7M	855.7M	921.7M	972.1M	874.9M	1.1B
Long Term Debt Total	587.8M	487.5M	488.6M	451.2M	406.1M	558.9M

Pair Trading with Patterson Companies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Patterson Companies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Patterson Companies will appreciate offsetting losses from the drop in the long position's value.

Moving against Patterson Stock

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0.46	DOCS	Doximity	Pair Corr
0.39	VNRX	Volitionrx	Pair Corr
0.38	VEEV	Veeva Systems Class	Pair Corr
0.34	ECOR	Electrocore LLC	Pair Corr

The ability to find closely correlated positions to Patterson Companies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patterson Companies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Patterson Companies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Patterson Companies to buy it.

The correlation of Patterson Companies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patterson Companies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patterson Companies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Patterson Companies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Patterson Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Patterson Companies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Patterson Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Patterson Companies Stock:

How To Invest In Patterson

Details

Is Patterson Stock a good investment?

Details

What is Patterson Companies' Net Worth?

Details

Largest Health Care Providers & Services Companies

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Largest Health Care Equipment & Services Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patterson Companies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Patterson Stock, please use our How to Invest in Patterson Companies guide.

You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patterson Companies. If investors know Patterson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patterson Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.53)

Dividend Share

1.04

Earnings Share

1.81

Revenue Per Share

71.704

Quarterly Revenue Growth

(0.02)

The market value of Patterson Companies is measured differently than its book value, which is the value of Patterson that is recorded on the company's balance sheet. Investors also form their own opinion of Patterson Companies' value that differs from its market value or its book value, called intrinsic value, which is Patterson Companies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patterson Companies' market value can be influenced by many factors that don't directly affect Patterson Companies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Patterson Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Patterson Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patterson Companies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Patterson Long Term Debt vs Short Term Debt Analysis

Long Term Debt vs Short Term Debt

Long Term Debt vs Short Term Debt Correlation Analysis

Correlation Coefficient

Long Term Debt

Short Term Debt

Patterson Companies fundamental ratios Correlations

Patterson Companies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Patterson Companies fundamental ratios Accounts

Pair Trading with Patterson Companies

Moving against Patterson Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Retained Earnings	+ 0.98	Total Stockholder Equity
Inventory	+ 0.97	Accounts Payable
Non Current Liabilities Total	+ 0.96	Non Current Assets Total
Total Current Assets	+ 0.96	Total Liab
Non Current Assets Total	+ 0.95	Total Assets

Common Stock Shares Outstanding	- 0.93	Property Plant And Equipment Net
Inventory	- 0.9	Common Stock Shares Outstanding
Total Current Assets	- 0.86	Common Stock Shares Outstanding
Total Liab	- 0.84	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.84	Accounts Payable
Common Stock Shares Outstanding	- 0.82	Total Assets