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