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