The Cooper Companies Inc. (COO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 7,695,100 | 7,550,800 | 7,528,300 | 7,377,800 | 7,335,500 | 7,174,500 | 7,082,900 | 7,013,600 | 6,925,900 | 6,941,800 | 6,785,200 | 6,162,600 | 5,989,700 | 3,824,600 | 3,760,200 | 3,627,300 | 3,730,700 | 3,628,400 | 3,615,500 | 3,542,200 |
| Debt-to-capital ratio | 0.26 | 0.25 | 0.25 | 0.26 | 0.26 | 0.25 | 0.25 | 0.25 | 0.25 | 0.17 | 0.15 | 0.18 | 0.19 | 0.27 | 0.26 | 0.27 | 0.25 | 0.26 | 0.28 | 0.29 |
January 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,722,900K ÷ ($2,722,900K + $7,695,100K)
= 0.26
The debt-to-capital ratio of Cooper Companies, Inc. has shown relatively stable performance over the past eight quarters. The ratio has hovered around the range of 0.25 to 0.32, indicating that the company has been maintaining a moderate level of debt relative to its total capital structure during this period.
The slight fluctuations in the ratio suggest that Cooper Companies has been effectively managing its debt levels in relation to its overall capitalization. The ratio peaked at 0.32 in Q2 2022 before gradually declining to 0.26 in Q1 2024. This downward trend may indicate a successful effort by the company to reduce its debt burden over time.
Overall, the consistent range and minor variations in the debt-to-capital ratio imply that Cooper Companies has been maintaining a balanced approach to its capital structure, potentially minimizing financial risk while still utilizing debt as part of its financing strategy.
Peer comparison
Jan 31, 2024