The Cooper Companies, Inc. Common Stock (COO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 8,083,400 | 7,925,000 | 7,803,700 | 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 |
| Debt-to-capital ratio | 0.24 | 0.25 | 0.25 | 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 |
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 of The Cooper Companies, Inc. Common Stock has shown relative stability over the past few years, varying between 0.15 to 0.27. This ratio indicates the proportion of debt in the company's capital structure. The decreasing trend in the ratio from 0.27 in January 2020 to 0.24 in October 2024 suggests that the company has been effectively managing its debt levels compared to its total capital.
The lower the debt-to-capital ratio, the lower the financial risk for the company as it implies a smaller reliance on debt financing. In this case, the company seems to have maintained a balance between debt and equity financing, which could be seen as a positive sign of financial health and stability.
However, it's essential to consider other financial metrics and industry benchmarks to get a holistic view of The Cooper Companies, Inc.'s overall financial performance and leverage position.
Peer comparison
Oct 31, 2024