The Cooper Companies Inc. (COO)
Debt-to-equity 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-equity ratio | 0.35 | 0.33 | 0.33 | 0.35 | 0.36 | 0.33 | 0.33 | 0.33 | 0.34 | 0.20 | 0.17 | 0.21 | 0.24 | 0.36 | 0.35 | 0.37 | 0.33 | 0.35 | 0.39 | 0.42 |
January 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,722,900K ÷ $7,695,100K
= 0.35
The debt-to-equity ratio for Cooper Companies, Inc. has displayed a downward trend over the past eight quarters, decreasing from 0.46 in Q2 2022 to 0.36 in Q1 2024. This indicates that the company has gradually reduced its reliance on debt financing in relation to equity financing.
The ratio remained relatively stable at around 0.37-0.39 during Q1-Q4 of 2023, before showing a more significant decline in the latest reported quarter. A lower debt-to-equity ratio suggests a stronger financial position and lower financial risk for the company.
It is important to note that a debt-to-equity ratio of 0.36 in Q1 2024 implies that for every dollar of equity, the company has $0.36 in debt. This indicates a conservative capital structure, which may be viewed positively by investors and lenders.
Overall, the decreasing trend in the debt-to-equity ratio for Cooper Companies, Inc. reflects a more balanced mix of debt and equity in its capital structure, potentially enhancing its financial stability and resilience.
Peer comparison
Jan 31, 2024