The Cooper Companies, Inc. Common Stock (COO)
Cash ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 107,600 | 109,700 | 112,400 | 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 |
| Short-term investments | US$ in thousands | — | -200 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,022,800 | 969,500 | 952,500 | 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 |
| Cash ratio | 0.11 | 0.11 | 0.12 | 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 |
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 shown some fluctuations over the past few years, ranging from 0.07 to 0.24. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From the data provided, we can observe that the cash ratio has generally been fluctuating around the range of 0.11 to 0.14 in recent quarters. A cash ratio of 0.11 to 0.14 indicates that for every dollar of current liabilities, the company has 11 to 14 cents available in cash and cash equivalents to cover those obligations.
An increase in the cash ratio indicates an improved liquidity position, as the company has more liquid assets to cover its short-term obligations. Conversely, a decrease in the cash ratio may signal a potential liquidity risk if the company is unable to meet its short-term liabilities using its available cash reserves.
Overall, a stable and healthy cash ratio around 0.11 to 0.14 indicates that The Cooper Companies, Inc. has maintained a reasonable level of liquidity to meet its short-term financial obligations over the analyzed period.
Peer comparison
Oct 31, 2024