The Cooper Companies, Inc. Common Stock (COO)
Cash ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 107,600 | 120,800 | 138,200 | 95,900 | 115,900 |
| Short-term investments | US$ in thousands | — | 100 | — | — | — |
| Total current liabilities | US$ in thousands | 1,022,800 | 969,000 | 1,280,200 | 732,100 | 1,004,400 |
| Cash ratio | 0.11 | 0.12 | 0.11 | 0.13 | 0.12 |
October 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($107,600K
+ $—K)
÷ $1,022,800K
= 0.11
The cash ratio of The Cooper Companies, Inc. Common Stock has been relatively stable over the past five years, ranging from 0.11 to 0.13. This ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio above 1.0 is generally considered healthy, as it implies the company has enough liquid assets to cover its short-term obligations.
The downward trend in the cash ratio from 0.13 in 2021 to 0.11 in 2024 may suggest a slight decrease in the company's ability to cover its current liabilities with cash alone. However, it is important to consider other liquidity metrics and factors influencing the company's financial health before drawing definitive conclusions about its liquidity position. Further analysis is recommended to understand the underlying reasons for these fluctuations in the cash ratio.
Peer comparison
Oct 31, 2024