The Cooper Companies, Inc. Common Stock (COO)
Quick ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 107,600 | 120,800 | 138,200 | 95,900 | 115,900 |
| Short-term investments | US$ in thousands | — | 100 | — | — | — |
| Receivables | US$ in thousands | 717,000 | 609,700 | 557,800 | 515,300 | 435,400 |
| Total current liabilities | US$ in thousands | 1,022,800 | 969,000 | 1,280,200 | 732,100 | 1,004,400 |
| Quick ratio | 0.81 | 0.75 | 0.54 | 0.83 | 0.55 |
October 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($107,600K
+ $—K
+ $717,000K)
÷ $1,022,800K
= 0.81
The quick ratio of The Cooper Companies, Inc. Common Stock has exhibited fluctuations over the past five years. The ratio stood at 0.81 as of October 31, 2024, showing an improvement compared to the prior year's figure of 0.75. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has slightly increased.
Looking back at the trend, the quick ratio was relatively low in October 2022 at 0.54, suggesting a potential liquidity challenge at that time. However, there was a notable improvement in the following year, as the ratio rose to 0.83 by October 2021, indicating better liquidity management.
Comparing the current quick ratio to the figure from October 2020, which was 0.55, the company appears to have made progress in enhancing its liquidity position over the past four years. It is important for stakeholders to continue monitoring this ratio to assess the company's ongoing ability to cover its short-term liabilities with its readily available liquid assets.
Peer comparison
Oct 31, 2024