The Cooper Companies, Inc. Common Stock (COO)

Current 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
Total current assets US$ in thousands 1,951,500 1,926,700 1,859,000 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
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
Current ratio 1.91 1.99 1.95 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

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 shown varying levels over the past few quarters. As of October 31, 2024, the current ratio stands at 1.91, indicating that the company has $1.91 in current assets for every $1 in current liabilities.

Over the past five quarters, the current ratio has generally been above 1.7, suggesting that the company has had a strong ability to meet its short-term obligations. The highest current ratio was seen in July 2024 at 1.99, while the lowest was in January 2022 at 1.02.

It is important to note the significant increase in the current ratio from October 2022 to January 2023, jumping from 1.02 to 1.72. This improvement indicates a healthier liquidity position for The Cooper Companies, Inc. Common Stock during that period.

However, the current ratio dipped to 1.20 in October 2022 before gradually increasing in subsequent quarters. Overall, the trend in the current ratio suggests that the company has generally maintained a healthy liquidity position, with the ability to cover its short-term liabilities.


Peer comparison

Oct 31, 2024

Company name
Symbol
Current ratio
The Cooper Companies, Inc. Common Stock
COO
1.91
National Vision Holdings Inc
EYE
1.00
STAAR Surgical Company
STAA
5.62