The Cooper Companies, Inc. Common Stock (COO)
Debt-to-capital ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,548,000 | 2,520,400 | 2,347,100 | 1,396,100 | 1,383,900 |
| Total stockholders’ equity | US$ in thousands | 8,083,400 | 7,550,800 | 7,174,500 | 6,941,800 | 3,824,600 |
| Debt-to-capital ratio | 0.24 | 0.25 | 0.25 | 0.17 | 0.27 |
October 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,548,000K ÷ ($2,548,000K + $8,083,400K)
= 0.24
The debt-to-capital ratio for The Cooper Companies, Inc. Common Stock has experienced some fluctuations over the past five years. The ratio ranged from 0.17 to 0.27 during this period.
In 2024, the debt-to-capital ratio stood at 0.24, showing a slight decrease from the previous year's ratio of 0.25. This indicates that the company reduced its reliance on debt financing relative to its total capital structure in 2024 compared to 2023.
Looking back at 2023, the ratio remained consistent with the prior year at 0.25. Despite the stability, it suggests that a quarter of the company's capital structure was comprised of debt.
The increase in the debt-to-capital ratio from 0.17 in 2021 to 0.27 in 2020 signifies a significant shift towards higher debt utilization. This could indicate a deliberate strategic decision by the company to leverage debt to fund growth opportunities or acquisitions.
Overall, the fluctuating trend in the debt-to-capital ratio for The Cooper Companies, Inc. Common Stock demonstrates varying levels of debt relative to the total capital structure over the past five years, showcasing the company's evolving approach to capital structure management.
Peer comparison
Oct 31, 2024