The Cooper Companies, Inc. Common Stock (COO)
Debt-to-equity 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-equity ratio | 0.32 | 0.33 | 0.34 | 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 |
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 variability over the past few years. From January 2020 to October 2021, the ratio ranged between 0.17 and 0.37, with a noticeable increase from 0.17 in July 2021 to 0.37 in October 2020. However, since October 2021, the ratio has generally trended downwards, fluctuating around the 0.33 mark.
Overall, the company's debt-to-equity ratio has been relatively stable within the 0.32 to 0.37 range, indicating that the company has a moderate level of debt compared to its equity. Investors and analysts may view this as a healthy balance, as it suggests that the company is not overly reliant on debt financing, which could be a positive signal for financial stability and risk management.
Peer comparison
Oct 31, 2024