The Cooper Companies Inc. (COO)

Current 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
Total current assets US$ in thousands 1,793,900 1,704,900 1,711,000 1,599,300 1,577,500 1,533,600 1,597,700 1,738,200 1,698,100 1,465,300 1,474,600 1,322,600 1,297,400 1,274,200 1,321,300 1,166,200 1,149,900 1,163,400 1,150,800 1,136,600
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
Current ratio 1.86 1.76 1.72 1.69 1.72 1.20 1.16 1.05 1.02 2.00 1.39 1.33 1.35 1.27 1.17 1.14 1.08 1.05 1.29 1.21

January 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,793,900K ÷ $964,900K
= 1.86

The current ratio of Cooper Companies, Inc. has exhibited a generally positive trend over the past year and appears to be well above the industry average. The ratio has consistently increased from 1.05 in Q2 2022 to 1.86 in Q1 2024. This indicates that the company's current assets are sufficiently higher than its current liabilities, reflecting strong liquidity and financial health.

The upward trend suggests improved efficiency in managing short-term obligations and indicates that the company may be better equipped to meet its financial commitments in the short run. The consistent improvement in the current ratio also signifies that Cooper Companies, Inc. may have been effectively managing its working capital by either reducing liabilities or increasing current assets.

It is important to note that a current ratio above 1.0 indicates that the company has more current assets than current liabilities, implying a stronger ability to cover short-term obligations. However, it is also crucial to consider other factors such as the company's industry, business model, and overall financial health when evaluating the significance of the current ratio.


Peer comparison

Jan 31, 2024

Company name
Symbol
Current ratio
The Cooper Companies Inc.
COO
1.86
National Vision Holdings Inc
EYE
1.00
STAAR Surgical Company
STAA
5.62