The Cooper Companies, Inc. Common Stock (COO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,315,200 | 12,108,000 | 12,047,400 | 12,032,600 | 11,658,900 | 11,697,300 | 11,539,500 | 11,561,100 | 11,492,300 | 11,552,100 | 11,778,000 | 11,662,500 | 9,606,200 | 9,610,600 | 9,013,800 | 8,921,900 | 6,737,500 | 6,748,400 | 6,510,000 | 6,548,500 |
| 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 |
| Financial leverage ratio | 1.52 | 1.53 | 1.54 | 1.56 | 1.54 | 1.55 | 1.56 | 1.58 | 1.60 | 1.63 | 1.68 | 1.68 | 1.38 | 1.42 | 1.46 | 1.49 | 1.76 | 1.79 | 1.79 | 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 few years. The trend indicates an increase in leverage from 1.38 in October 2021 to a peak of 1.79 in July 2020, before subsequently declining slightly.
The company's leverage ratio averaged around 1.55 during the recent quarters, suggesting that the firm has been utilizing debt to finance its operations and growth. This level of leverage indicates that a significant portion of the company's assets is financed through debt rather than equity.
It is important to note that a higher financial leverage ratio generally implies higher financial risk as the company has more debt obligations to meet. Investors and creditors use this ratio to assess the company's ability to withstand financial downturns and repay its debt obligations.
Overall, The Cooper Companies, Inc. Common Stock's financial leverage ratio has shown some volatility, indicating fluctuations in the company's capital structure and potentially impacting its financial risk profile.
Peer comparison
Oct 31, 2024