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The Cooper Financial Strength

: 6 (As of Apr. 2022)
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The Cooper has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

The Cooper's Interest Coverage for the quarter that ended in Apr. 2022 was 12.29. The Cooper's debt to revenue ratio for the quarter that ended in Apr. 2022 was 1.06. As of today, The Cooper's Altman Z-Score is 3.22.


Competitive Comparison

For the Medical Instruments & Supplies subindustry, The Cooper's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

The Cooper Financial Strength Distribution

For the Medical Devices & Instruments industry and Healthcare sector, The Cooper's Financial Strength distribution charts can be found below:

* The bar in red indicates where The Cooper's Financial Strength falls into.



The Cooper Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

The Cooper's Interest Expense for the months ended in Apr. 2022 was $-11 Mil. Its Operating Income for the months ended in Apr. 2022 was $133 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2022 was $2,573 Mil.

The Cooper's Interest Coverage for the quarter that ended in Apr. 2022 is

Interest Coverage=-1*Operating Income (Q: Apr. 2022 )/Interest Expense (Q: Apr. 2022 )
=-1*132.7/-10.8
=12.29

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

The Cooper's Debt to Revenue Ratio for the quarter that ended in Apr. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Apr. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(941.9 + 2572.7) / 3319.2
=1.06

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

The Cooper has a Z-score of 3.22, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.22 is strong.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Cooper  (NYSE:COO) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

The Cooper has the Financial Strength Rank of 6.


The Cooper Financial Strength Related Terms

Thank you for viewing the detailed overview of The Cooper's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


The Cooper Business Description

The Cooper logo
Address
6101 Bollinger Canyon Road, Suite 500, San Ramon, CA, USA, 94583
Cooper Companies operates two units: CooperVision and CooperSurgical. Accounting for approximately 75% of total sales, CooperVision is the the second- largest player in the oligopolistic contact lens market. Over 50% of CooperVision's sales are in international territories. The second unit, CooperSurgical, develops and manufactures diagnostic and surgical products for gynecologists and obstetricians, including the Paragard IUD, which Cooper acquired from Teva in 2017.
Executives
Warner Gerard H Iii officer: President, CooperVision, Inc. C/O COOPER COMPANIES INC. 6101 BOLLINGER CANYON ROAD, SUITE 500 SAN RAMON CA 94583
Rivas Maria director C/O MEDIDATA SOLUTIONS, INC. 350 HUDSON STREET, 9TH FLOOR NEW YORK NY 10014
Madden Teresa S director 414 NICOLLET MALL MINNEAPOLIS MN 55401
Drury Mark J officer: VP, General Counsel & Sec. C/O COOPERCOMPANIES 6101 BOLLINGER CANYON ROAD, SUITE 500 SAN RAMON CA 94583
Auerbach Robert D officer: President, CSI C/O THE COOPER COMPANIES, INC. SUITE 590 PLEASANTON CA 94588
Sheffield Holly R officer: EVP, CSO C/O THE COOPER COMPANIES, INC. 6140 STONERIDGE MALL ROAD, SUITE 590 PLEASANTON CA 94588
Ricupati Agostino officer: Sr. VP, Finance & Tax C/O THE COOPER COMPANIES, INC. 6140 STONERIDGE MALL ROAD, SUITE 590 PLEASANTON CA 94588
Kozy William A director C/O BECTON DICKERSON & CO 1 BECTON DR FRANKLIN LAKES NJ 07417
Jay Colleen director C/O THE COOPER COMPANIES, INC. 6140 STONERIDGE MALL ROAD, SUITE 590 PLEASANTON CA 94588
Golden Randal officer: General Counsel 6140 STONERIDGE MALL ROAD, SUITE 590 PLEASANTON CA 94588
Maloney Tina officer: Corporate Controller 6140 STONERIDGE MALL ROAD SUITE 590 PLEASANTON CA 94588
Petersmeyer Gary S director 3400 CENTRAL AVENUE SANTA CLARA CA 95051
Andrews Brian G officer: Treasurer 4300A 17TH STREET SAN FRANCISCO CA 94114
Matz Gregory W officer: VP & CFO 1 WHITE OAK WAY NOVATO CA 94949
Murphy Dennis officer: President Americas, CVI 28 PASO ROBLES IRVINE CA 92602

The Cooper Headlines

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