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

Company name
Symbol
Cash ratio
The Cooper Companies Inc.
COO
0.14
National Vision Holdings Inc
EYE
0.38
STAAR Surgical Company
STAA
3.39