Can Patrick Industries cover its short-term obligations?

Its current ratio is 2.71 — current assets exceed current liabilities.

Where does Patrick Industries's balance sheet data come from?

Every line is extracted from Patrick Industries's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Patrick Industries PATK Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$37.47M+41.8%	$26.43M+27.7%	$20.7M-5.8%	$21.97M-74.6%	$86.56M+158%
Accounts receivable, net	$285.38M+53.9%	$185.41M-33.4%	$278.37M+3.0%	$270.14M-6.5%	$289.06M+62.2%
Inventories	$626.07M+5.2%	$595.27M-0.7%	$599.69M+8.1%	$554.63M+0.1%	$553.92M+0.4%
Raw materials	$335.12M+6.2%	$315.51M-5.4%	$333.68M+8.9%	$306.43M-0.2%	$307.04M+4.9%
Work in process	$21.17M+8.1%	$19.59M-5.0%	$20.62M+11.2%	$18.54M+5.6%	$17.55M-3.3%
Finished goods	$144.36M+12.1%	$128.77M+15.4%	$111.58M+5.4%	$105.86M+3.7%	$102.11M-1.2%
Prepaid expenses and other current assets	$65.79M-0.3%	$66.02M+24.2%	$53.14M-0.2%	$53.22M+15.3%	$46.14M-22.1%
Total current assets	$1.01B+16.2%	$873.12M-8.3%	$951.89M+5.8%	$899.96M-7.8%	$975.68M+18.6%
Property and equipment, net	$413.99M+1.3%	$408.5M-0.9%	$412.12M+1.3%	$406.87M0.0%	$406.8M+5.7%
Operating lease right-of-use assets	$216.08M+8.5%	$199.09M-1.0%	$201.19M+5.6%	$190.59M-4.3%	$199.22M-0.7%
Goodwill	$839.72M0.0%	$840.1M+3.1%	$815.12M+1.7%	$801.79M0.0%	$801.87M+0.6%
Intangible assets, net	$721.53M-2.8%	$742.56M-1.4%	$753.48M-1.7%	$766.31M-3.1%	$790.92M-1.5%
Other non-current assets	$12.41M-3.1%	$12.8M-4.2%	$13.37M-2.4%	$13.7M+11.4%	$12.3M-2.5%
Total assets	$3.22B+4.6%	$3.08B-2.3%	$3.15B+2.2%	$3.08B-3.4%	$3.19B+5.5%
Accounts payable	$217.65M+13.1%	$192.45M-13.3%	$222.04M-22.0%	$284.51M+27.5%	$223.23M+18.8%
Accrued expenses	$430K+1.4%	$424K-99.7%	$124.65M+9.0%	$114.38M-4.6%	$119.85M—
Current portion of long-term debt	$6.25M0.0%	$6.25M0.0%	$6.25M0.0%	$6.25M0.0%	$6.25M0.0%
Operating lease liabilities, current	$57.23M+4.1%	$54.96M+0.6%	$54.64M-1.0%	$55.19M-0.5%	$55.49M+3.3%
Finance Lease Liability, Current	——	——	——	——	——
Total current liabilities	$374.02M+7.3%	$348.49M-14.5%	$407.58M-11.5%	$460.32M+13.7%	$404.82M+14.5%
Long-term debt	$1.38B+7.5%	$1.28B-2.8%	$1.32B+4.3%	$1.27B-11.0%	$1.42B+8.4%
Operating lease liabilities, non-current	$163.75M+10.0%	$148.89M-1.4%	$150.99M+8.1%	$139.69M-5.6%	$147.9M-2.1%
Finance Lease Liabilities (Total)	——	——	——	——	——
Finance lease liabilities	——	——	——	——	——
Other non-current liabilities	$13.2M-10.8%	$14.8M-11.0%	$16.62M+2.4%	$16.23M+8.9%	$14.91M-0.1%
Total liabilities	$2.03B+7.3%	$1.89B-4.4%	$1.98B+2.2%	$1.94B-5.3%	$2.05B+8.1%
Preferred stock	$0—	$0—	$0—	$0—	——
Common stock	$202.23M-2.9%	$208.21M+0.9%	$206.32M+1.8%	$202.77M+2.2%	$198.41M-1.9%
Retained earnings	$986.96M+1.0%	$976.96M+1.4%	$963.11M+2.3%	$941.27M-0.3%	$943.78M+1.8%
Accumulated other comprehensive income (loss)	-$825K+5.8%	-$876K+6.0%	-$932K-0.4%	-$928K-0.7%	-$922K+0.4%
Total stockholders' equity	$1.19B+0.3%	$1.18B+1.4%	$1.17B+2.2%	$1.14B+0.2%	$1.14B+1.1%
Total liabilities and stockholders' equity	$3.22B+4.6%	$3.08B-2.3%	$3.15B+2.2%	$3.08B-3.4%	$3.19B+5.5%
Deferred Tax Assets and Other Non-Current Assets	$12.41M-3.1%	$12.8M-4.2%	$13.37M-2.4%	$13.7M+11.4%	$12.3M-2.5%
Intangible Assets Gross (Excluding Goodwill)	$1.31B+0.2%	$1.3B+1.0%	$1.29B+0.9%	$1.28B0.0%	$1.28B+1.0%
Net Investment in Lease	$216.08M+8.5%	$199.09M-1.0%	$201.19M+5.6%	$190.59M-4.3%	$199.22M-0.7%
Other intangible assets—net	$721.53M-2.8%	$742.56M-1.4%	$753.48M-1.7%	$766.31M-3.1%	$790.92M-1.5%
Operating lease right-of-use assets	$216.08M+8.5%	$199.09M-1.0%	$201.19M+5.6%	$190.59M-4.3%	$199.22M-0.7%
Other non-current assets	$12.41M-3.1%	$12.8M-4.2%	$13.37M-2.4%	$13.7M+11.4%	$12.3M-2.5%
Operating Lease Right-of-Use Assets in Other Assets	$216.08M+8.5%	$199.09M-1.0%	$201.19M+5.6%	$190.59M-4.3%	$199.22M-0.7%
Software and Technology Licenses, Net	$12.41M-3.1%	$12.8M-4.2%	$13.37M-2.4%	$13.7M+11.4%	$12.3M-2.5%
Other Commercial Liabilities	$92.46M-2.1%	$94.41M-24.3%	$124.65M+9.0%	$114.38M-4.6%	$119.85M+13.3%
Accrued Liabilities, Current	$92.46M-2.1%	$94.41M-24.3%	$124.65M+9.0%	$114.38M-4.6%	$119.85M+13.3%
Other accrued liabilities	——	——	——	——	——
Contingent Consideration Liability (Non-Current)	$600K-43.5%	$1.06M-55.0%	$2.36M+6.8%	$2.21M-0.7%	$2.23M+14.6%
Total debt	$1.61B+7.4%	$1.49B-2.4%	$1.53B+4.4%	$1.47B-10.1%	$1.63B+7.2%
Total Carrying Value of Debt	$1.4B+7.3%	$1.3B-2.8%	$1.34B+4.2%	$1.29B-10.9%	$1.44B+8.3%
Common Stock Par Value Per Share	$0.00—	$0.00—	$0.00—	$0.00—	——
Common Stock Shares Issued	33.1M-0.4%	33.2M-0.2%	33.3M0.0%	33.3M—	——
Convertible Preferred Stock Authorized Shares	1M0.0%	1M0.0%	1M0.0%	1M—	——
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—	——
Convertible Preferred Stock Outstanding Shares	0—	0—	0—	0—	——
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—	——
Preferred Stock Par Value Per Share	$0.00—	$0.00—	$0.00—	$0.00—	——
Business Combination, Contingent Consideration, Liability	$1.78M-27.3%	$2.45M-22.7%	$3.16M-16.3%	$3.78M-0.4%	$3.79M+5.1%
Common stock, par value (in dollars per share)	$0—	$0—	$0—	$0—	——
Common stock, shares authorized (in shares)	$60M0.0%	$60M0.0%	$60M0.0%	$60M—	——
Common stock, shares issued (in shares)	$33.09M-0.4%	$33.22M-0.2%	$33.28M0.0%	$33.28M—	——
Common Stock, Shares, Outstanding	$33.09M-0.4%	$33.22M-0.2%	$33.28M0.0%	$33.28M—	——
Long-term debt, gross	$1.4B+7.3%	$1.3B-2.8%	$1.34B+4.2%	$1.29B-10.9%	$1.44B+8.3%
Deferred income taxes	$100.67M+3.9%	$96.88M+16.5%	$83.14M+55.2%	$53.56M-3.7%	$55.61M-9.4%
Current maturities of long-term debt	——	——	——	——	——
Indefinite- lived intangible impairment	$1.31B+0.2%	$1.3B+1.0%	$1.29B+0.9%	$1.28B0.0%	$1.28B+1.0%
Inventory, Manufactured Goods, Net	$485.55M+8.1%	$449.11M+0.4%	$447.27M+8.6%	$411.75M+1.0%	$407.65M+2.5%
Raw materials	$335.12M+6.2%	$315.51M-5.4%	$333.68M+8.9%	$306.43M-0.2%	$307.04M+4.9%
Other Inventory Purchased Goods	$148.75M-3.6%	$154.32M-4.3%	$161.29M+5.6%	$152.8M-1.8%	$155.63M-3.6%
Preferred Stock, Par or Stated Value Per Share	$0—	$0—	$0—	$0—	——
Preferred Stock, Shares Authorized	$1M0.0%	$1M0.0%	$1M0.0%	$1M—	——
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—	——
Preferred Stock, Shares Outstanding	$0—	$0—	$0—	$0—	——
Total Materials Purchased for Resale (Distribution Products), Net	$140.52M-3.9%	$146.16M-4.1%	$152.42M+6.7%	$142.88M-2.3%	$146.28M-4.9%

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Questions, answered.

Can Patrick Industries cover its short-term obligations?: Its current ratio is 2.71 — current assets exceed current liabilities.
Where does Patrick Industries's balance sheet data come from?: Every line is extracted from Patrick Industries's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.