The Cooper Companies, Inc. Common Stock (COO)
Debt-to-equity 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-equity ratio | 0.32 | 0.33 | 0.33 | 0.20 | 0.36 |
October 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,548,000K ÷ $8,083,400K
= 0.32
The debt-to-equity ratio of The Cooper Companies, Inc. Common Stock has shown some fluctuations over the past five years, ranging from 0.20 to 0.36. In general, a lower debt-to-equity ratio indicates a lower level of financial leverage and lower financial risk for a company.
In the most recent fiscal year ending October 31, 2024, the debt-to-equity ratio stood at 0.32, slightly higher than the previous year's ratio of 0.33. This increase suggests a slight increase in the company's reliance on debt financing compared to equity financing.
Overall, The Cooper Companies, Inc. Common Stock has maintained a relatively conservative level of debt relative to equity over the years, with the ratio staying below 1.0 in all instances. This indicates a prudent financial management strategy, balancing the use of debt to finance operations while maintaining a solid equity base.
Peer comparison
Oct 31, 2024