American Woodmark Corporation (AMWD)
Current ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 364,453 | 402,710 | 368,255 | 428,657 | 409,965 |
| Total current liabilities | US$ in thousands | 182,942 | 195,726 | 178,124 | 216,228 | 220,447 |
| Current ratio | 1.99 | 2.06 | 2.07 | 1.98 | 1.86 |
April 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $364,453K ÷ $182,942K
= 1.99
The current ratio of American Woodmark Corporation has exhibited a generally favorable trend over the observed period from April 30, 2021, to April 30, 2025. Specifically, the ratio increased from 1.86 in 2021 to 1.98 in 2022, indicating an improved ability to meet short-term obligations relative to current assets and current liabilities. This upward movement continued into 2023, reaching a peak of 2.07, which further suggests enhanced liquidity positioning.
However, in the subsequent year, 2024, the current ratio experienced a slight decline to 2.06, signaling a marginal reduction in liquidity, although it remains comfortably above the 1.0 threshold indicative of sufficient short-term financial health. By 2025, the ratio decreased slightly further to 1.99, approaching levels close to those observed in 2022, but still within a healthy range.
Overall, the company's current ratio demonstrates stable and robust liquidity management, with ratios consistently well above 1.0 throughout the period. The fluctuation, characterized by a peak in 2023 and minor declines thereafter, suggests a relatively steady ability to satisfy short-term liabilities, reflecting prudent liquidity practices and a solid working capital position.