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