The Cooper Companies Inc. (COO)

Debt-to-assets 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
Long-term debt US$ in thousands 2,722,900 2,520,400 2,511,100 2,562,400 2,623,700 2,347,100 2,346,900 2,346,700 2,346,500 1,396,100 1,179,900 1,324,900 1,413,900 1,383,900 1,327,800 1,344,800 1,233,700 1,262,600 1,422,600 1,472,300
Total assets US$ in thousands 12,032,600 11,658,900 11,697,300 11,539,500 11,561,100 11,492,300 11,552,100 11,778,000 11,662,500 9,606,200 9,610,600 9,013,800 8,921,900 6,737,500 6,748,400 6,510,000 6,548,500 6,274,500 6,172,800 6,203,400
Debt-to-assets ratio 0.23 0.22 0.21 0.22 0.23 0.20 0.20 0.20 0.20 0.15 0.12 0.15 0.16 0.21 0.20 0.21 0.19 0.20 0.23 0.24

January 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,722,900K ÷ $12,032,600K
= 0.23

The debt-to-assets ratio of Cooper Companies, Inc. has shown consistency over the past eight quarters, ranging from 0.22 to 0.28. This ratio indicates that, on average, between 22% and 28% of the company's total assets are financed by debt.

The trend suggests that the company has been effectively managing its debt levels in relation to its assets. A lower ratio indicates that the company relies less on debt financing to fund its operations and investments, which can be seen as a positive sign of financial stability.

However, a slight increase in the ratio from 0.22 to 0.28 over the quarters indicates a potential increase in the company's debt relative to its assets. It would be essential for stakeholders to monitor this trend closely to ensure that the company's debt levels remain sustainable and do not pose a risk to its financial health in the long term.


Peer comparison

Jan 31, 2024

Company name
Symbol
Debt-to-assets ratio
The Cooper Companies Inc.
COO
0.23
National Vision Holdings Inc
EYE
0.20
STAAR Surgical Company
STAA
0.00