The Cooper Companies, Inc. Common Stock (COO)
Financial leverage ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,315,200 | 11,658,900 | 11,492,300 | 9,606,200 | 6,737,500 |
| Total stockholders’ equity | US$ in thousands | 8,083,400 | 7,550,800 | 7,174,500 | 6,941,800 | 3,824,600 |
| Financial leverage ratio | 1.52 | 1.54 | 1.60 | 1.38 | 1.76 |
October 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,315,200K ÷ $8,083,400K
= 1.52
The financial leverage ratio of The Cooper Companies, Inc. Common Stock has shown fluctuations over the past five years, ranging from 1.38 in 2021 to 1.76 in 2020. The ratio indicates that, on average, the company has been using more debt to finance its operations compared to equity during this period. The decreasing trend from 2020 to 2021 suggests a reduction in the proportion of debt relative to equity in the company's capital structure, which could indicate a shift towards a more conservative financing approach. However, the ratio increased in 2022 before slightly decreasing in 2023 and 2024, which may indicate variations in the company's debt and equity mix over the years. Overall, fluctuations in the financial leverage ratio can signal changes in the company's risk profile, capital structure, and financial stability.
Peer comparison
Oct 31, 2024