The Cooper Companies Inc. (COO)

Quick 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
Cash US$ in thousands 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 89,000 112,700 104,600
Short-term investments US$ in thousands
Receivables US$ in thousands 651,000 609,700 629,900 564,700 581,800 557,800 543,600 532,000 525,900 515,300 535,100 490,100 461,200 435,400 450,500 368,800 408,000 435,300 404,700 396,200
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
Quick ratio 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 0.47 0.58 0.53

January 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($135,200K + $—K + $651,000K) ÷ $964,900K
= 0.81

The quick ratio of Cooper Companies, Inc. has shown some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1.0 indicates that the company has enough liquid assets to cover its current liabilities.

In Q1 2024, the quick ratio was 1.08, which suggests that the company had slightly more than enough liquid assets to cover its current liabilities. This was an improvement compared to the previous quarter (Q4 2023) when the quick ratio was 1.00.

Looking back further, the quick ratio in Q1 2023 and Q4 2022 was also at 1.00, indicating a stable liquidity position during those periods. However, there were quarters where the quick ratio dropped below 1.00, such as Q3 2022 and Q2 2022 when it was 0.71 and 0.69, respectively.

Overall, the trend in the quick ratio for Cooper Companies, Inc. shows some variability but generally indicates a reasonable ability to meet short-term obligations with liquid assets. It is important to monitor this ratio over time to ensure the company's liquidity position remains healthy.


Peer comparison

Jan 31, 2024

Company name
Symbol
Quick ratio
The Cooper Companies Inc.
COO
0.81
National Vision Holdings Inc
EYE
0.60
STAAR Surgical Company
STAA
4.89