The Cooper Companies, Inc. Common Stock (COO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,548,000 | 2,588,800 | 2,668,300 | 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 |
| Total assets | US$ in thousands | 12,315,200 | 12,108,000 | 12,047,400 | 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 |
| Debt-to-assets ratio | 0.21 | 0.21 | 0.22 | 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 |
October 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,548,000K ÷ $12,315,200K
= 0.21
The debt-to-assets ratio of The Cooper Companies, Inc. Common Stock has shown some fluctuations over the past few years. The ratio ranged between 0.12 to 0.23 during the period from January 31, 2020, to October 31, 2024.
Overall, the trend indicates that the company has maintained a relatively conservative approach to debt management, with the ratio staying below 0.23. A lower ratio suggests that the company has lower financial leverage and is less reliant on debt to finance its operations.
During this period, the ratio has mostly stayed in the range of 0.15 to 0.22, with a few periods where it went slightly above or below this range. This indicates that the company has been able to effectively manage its debt levels in relation to its total assets.
While a higher debt-to-assets ratio may indicate higher financial risk, the company's ratios have generally remained at moderate levels, suggesting a balanced approach to financing its operations. Overall, the company's debt-to-assets ratio indicates a prudent debt management strategy over the analyzed period.
Peer comparison
Oct 31, 2024