The Cooper Companies, Inc. Common Stock (COO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 107,600 | 109,700 | 112,400 | 135,200 | 120,800 | 117,300 | 111,900 | 118,200 | 138,200 | 246,300 | 399,200 | 280,700 | 95,900 | 112,200 | 105,900 | 119,100 | 115,900 | 127,400 | 79,800 | 76,800 |
| Short-term investments | US$ in thousands | — | -200 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 717,000 | 739,000 | 688,700 | 651,000 | 609,700 | 629,900 | 564,700 | 581,800 | 557,800 | 543,600 | 532,000 | 525,900 | 515,300 | 535,100 | 490,100 | 461,200 | 435,400 | 450,500 | 368,800 | 408,000 |
| 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 |
| Quick ratio | 0.81 | 0.88 | 0.84 | 0.81 | 0.75 | 0.75 | 0.71 | 0.76 | 0.54 | 0.57 | 0.56 | 0.48 | 0.83 | 0.61 | 0.60 | 0.60 | 0.55 | 0.51 | 0.44 | 0.45 |
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 shown some fluctuation over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio has generally been above 1, indicating that the company has an adequate level of liquid assets to cover its current liabilities. However, there have been periods where the quick ratio dipped below 1, suggesting potential liquidity concerns.
In the most recent period of Oct 31, 2024, the quick ratio was 0.81, which indicates that for every dollar of current liabilities, the company had $0.81 of quick assets readily available to meet those obligations. This suggests that the company may need to improve its liquidity position to comfortably meet its short-term obligations.
It is essential for investors and stakeholders to monitor the quick ratio over time to assess the company's liquidity and ability to manage its short-term financial commitments.
Peer comparison
Oct 31, 2024