The Cooper Companies, Inc. Common Stock (COO)

Solvency ratios

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
Debt-to-assets ratio 0.21 0.21 0.22 0.23 0.22 0.21 0.22 0.23 0.20 0.20 0.20 0.20 0.15 0.12 0.15 0.16 0.21 0.20 0.21 0.19
Debt-to-capital ratio 0.24 0.25 0.25 0.26 0.25 0.25 0.26 0.26 0.25 0.25 0.25 0.25 0.17 0.15 0.18 0.19 0.27 0.26 0.27 0.25
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
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

The solvency ratios of The Cooper Companies, Inc. Common Stock have shown relatively stable trends over the past few periods. The Debt-to-assets ratio has ranged between 0.15 to 0.23, indicating that around 15% to 23% of the company's assets are financed by debt. This suggests a moderate level of financial risk.

The Debt-to-capital ratio has been fairly consistent, hovering around 0.24 to 0.27, implying that debt comprises approximately 24% to 27% of the company's capital structure. This shows a balanced mix of debt and equity financing.

The Debt-to-equity ratio has exhibited a similar trend, varying from 0.17 to 0.37, suggesting that the company's debt financing has ranged from 17% to 37% of its equity. This indicates that the company relies moderately on debt to fund its operations.

The Financial leverage ratio has fluctuated between 1.38 to 1.79, reflecting the company's overall leverage position. A ratio above 1 signifies that the company has more debt than equity in its capital structure during these periods.

Overall, The Cooper Companies, Inc. Common Stock has maintained consistent solvency ratios, demonstrating a stable and manageable level of debt in its capital structure across the analyzed periods.

Coverage ratios

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
Interest coverage 6.12 5.58 5.25 4.77 4.92 4.72 5.10 7.19 9.29 14.28 18.90 21.34 22.28 19.69 18.51 10.77 8.24 7.73 7.49 8.82

The interest coverage ratio for The Cooper Companies, Inc. Common Stock has shown fluctuations over the periods indicated. The trend indicates that the company's ability to cover its interest expenses with its operating income has generally been solid, with ratios above 5 indicating a healthy interest coverage.

The ratio peaked at 22.28 in October 2021, indicating a very high ability to cover interest payments with operating income. This suggests a strong financial position and low financial risk. However, the ratio declined in subsequent periods but stayed above 5, indicating that the company continued to have a strong ability to meet its interest obligations.

It is important to note that a higher interest coverage ratio provides greater assurance to creditors and investors regarding the company's ability to meet interest payments on its debt obligations. Overall, based on the trend in the interest coverage ratio, The Cooper Companies, Inc. Common Stock appears to have maintained a healthy financial position and the ability to manage its debt obligations effectively.