The Cooper Companies Inc. (COO)
Cash ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 135,200 | 120,800 | 117,300 | 111,900 | 118,200 | 138,200 | 246,300 | 399,200 | 280,700 | 95,900 | 112,200 | 105,900 | 119,100 | 115,900 | 127,400 | 79,800 | 76,800 | 89,000 | 112,700 | 104,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 964,900 | 969,000 | 993,600 | 949,100 | 915,800 | 1,280,200 | 1,375,700 | 1,648,400 | 1,664,400 | 732,100 | 1,063,200 | 992,700 | 961,300 | 1,004,400 | 1,128,700 | 1,025,300 | 1,068,500 | 1,110,600 | 889,400 | 940,900 |
| Cash ratio | 0.14 | 0.12 | 0.12 | 0.12 | 0.13 | 0.11 | 0.18 | 0.24 | 0.17 | 0.13 | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 | 0.08 | 0.07 | 0.08 | 0.13 | 0.11 |
January 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($135,200K
+ $—K)
÷ $964,900K
= 0.14
The cash ratio for Cooper Companies, Inc. has been relatively stable over the past eight quarters, ranging from 0.27 to 0.41. This ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
A cash ratio of 0.41 in Q1 2024 indicates that Cooper Companies, Inc. had $0.41 of cash and cash equivalents for every $1 of current liabilities. This suggests that the company had a strong liquidity position in the most recent quarter.
Despite some fluctuations in the cash ratio over the quarters, the company has generally maintained a healthy level of liquidity, with ratios above 0.3 in most periods. A cash ratio above 0.3 is typically considered favorable, as it indicates that the company has enough cash on hand to meet its short-term obligations without relying heavily on external financing or asset sales.
Overall, the consistent levels of the cash ratio suggest that Cooper Companies, Inc. has been managing its liquidity effectively, which is crucial for ensuring financial stability and operational flexibility.
Peer comparison
Jan 31, 2024