The Cooper Companies Inc. (COO)
Current ratio
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,704,900 | 1,533,600 | 1,465,300 | 1,274,200 | 1,163,400 |
| Total current liabilities | US$ in thousands | 969,000 | 1,280,200 | 732,100 | 1,004,400 | 1,110,600 |
| Current ratio | 1.76 | 1.20 | 2.00 | 1.27 | 1.05 |
October 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,704,900K ÷ $969,000K
= 1.76
The current ratio of Cooper Companies, Inc. has shown fluctuations over the past five years. In 2023, the current ratio improved to 1.76 from 1.20 in 2022, indicating a stronger short-term liquidity position. This suggests the company's ability to meet its short-term obligations improved in 2023. The significant increase in the current ratio from 2022 to 2023 may be indicative of improved management of current assets and liabilities. In 2023, the current assets were sufficient to cover the current liabilities by 1.76 times. This reflects positively on the company's liquidity and ability to manage day-to-day expenses and obligations.
Peer comparison
Oct 31, 2023