American Woodmark Corporation (AMWD)
Cash ratio
| Apr 30, 2025 | Jan 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 48,195 | 43,484 | 56,717 | 89,265 | 87,398 | 97,829 | 96,381 | 89,650 | 41,732 | 45,817 | 44,834 | 33,696 | 22,325 | 871 | 8,007 | 27,818 | 91,071 | 91,792 | 112,560 | 128,055 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 182,942 | 189,321 | 208,568 | 209,356 | 195,726 | 188,281 | 181,489 | 175,502 | 178,124 | 168,120 | 211,196 | 236,864 | 216,228 | 192,950 | 195,134 | 198,817 | 220,447 | 210,883 | 195,148 | 178,065 |
| Cash ratio | 0.26 | 0.23 | 0.27 | 0.43 | 0.45 | 0.52 | 0.53 | 0.51 | 0.23 | 0.27 | 0.21 | 0.14 | 0.10 | 0.00 | 0.04 | 0.14 | 0.41 | 0.44 | 0.58 | 0.72 |
April 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($48,195K
+ $—K)
÷ $182,942K
= 0.26
The cash ratio of American Woodmark Corporation has demonstrated significant fluctuations over the analyzed periods. Starting at 0.72 as of July 31, 2020, the ratio experienced a steady decline through the subsequent quarters, reaching a low of zero by January 31, 2022. This indicates an increasingly diminished capacity to cover current liabilities with cash alone during this period, suggesting potential liquidity constraints or strategic shifts away from holding large cash reserves.
Following this nadir, the cash ratio showed signs of recovery, rising to 0.45 by April 30, 2023, and further increasing to 0.53 as of October 31, 2023. The subsequent periods reflected slight decreases and fluctuations, with a ratio of approximately 0.27 as of October 31, 2024, and stabilizing around 0.23 to 0.26 in the early months of 2025.
Overall, the trend indicates an initial deterioration in liquidity position, reaching near or complete depletion of cash coverage by early 2022, followed by a partial restoration in the following years. The ratios remain below one throughout the period, implying that the company’s immediate cash holdings are insufficient to fully cover short-term liabilities, thereby reflecting a cautious or evolving liquidity management approach.