The Cooper Companies Inc. (COO)

Financial leverage 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
Total assets US$ in thousands 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 6,274,500 6,172,800 6,203,400
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
Financial leverage ratio 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 1.73 1.71 1.75

January 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,032,600K ÷ $7,695,100K
= 1.56

The financial leverage ratio of Cooper Companies, Inc. has been relatively stable over the past eight quarters, ranging from 1.54 to 1.68. The ratio indicates that the company is utilizing a moderate level of debt to finance its operations and growth opportunities. The downward trend in the ratio from Q4 2022 to Q2 2022 suggests a reduction in the company's dependence on debt financing. Overall, the consistent ratio around the range of 1.54 to 1.68 indicates that Cooper Companies, Inc. has maintained a stable balance between debt and equity in its capital structure during the analyzed period.


Peer comparison

Jan 31, 2024

Company name
Symbol
Financial leverage ratio
The Cooper Companies Inc.
COO
1.56
National Vision Holdings Inc
EYE
2.62
STAAR Surgical Company
STAA
1.27