The Cooper Companies, Inc. Common Stock (COO)
Current ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,951,500 | 1,704,900 | 1,533,600 | 1,465,300 | 1,274,200 |
| Total current liabilities | US$ in thousands | 1,022,800 | 969,000 | 1,280,200 | 732,100 | 1,004,400 |
| Current ratio | 1.91 | 1.76 | 1.20 | 2.00 | 1.27 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,951,500K ÷ $1,022,800K
= 1.91
The current ratio of The Cooper Companies, Inc. Common Stock has fluctuated over the past five years, indicating changes in the company's liquidity position. The current ratio, which measures the ability of a company to meet its short-term obligations with its current assets, was 1.91 as of October 31, 2024. This represents an improvement from the previous year's ratio of 1.76.
In the preceding years, the current ratio displayed variability, with a notable decline to 1.20 in October 31, 2022, before rebounding to 2.00 in the following year. The current ratio of 1.27 in October 31, 2020, demonstrated a lower liquidity position compared to the recent years.
Overall, the current ratio trend of The Cooper Companies, Inc. Common Stock reflects fluctuations in its short-term liquidity management. An increasing current ratio suggests improved ability to cover short-term obligations with current assets, while a decreasing ratio may indicate potential liquidity challenges. It is essential to monitor the current ratio over time to assess the company's liquidity health effectively.
Peer comparison
Oct 31, 2024