American Woodmark Corporation (AMWD)
Current ratio
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 402,710 | 368,255 | 428,657 | 409,965 | 306,035 |
| Total current liabilities | US$ in thousands | 195,726 | 178,124 | 216,228 | 220,447 | 149,590 |
| Current ratio | 2.06 | 2.07 | 1.98 | 1.86 | 2.05 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $402,710K ÷ $195,726K
= 2.06
The current ratio of American Woodmark Corporation has shown a slight fluctuation over the past five years, ranging from 1.86 to 2.07. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong ability to cover its short-term obligations.
With a current ratio of 2.06 as of April 30, 2024, the company maintains a healthy liquidity position, slightly below the previous year's ratio of 2.07. This indicates that American Woodmark Corporation has sufficient short-term assets to meet its near-term liabilities, reflecting a stable financial position.
Overall, the company's current ratio trend indicates a consistent focus on maintaining a healthy balance between current assets and liabilities, ensuring the ability to fund ongoing operations and meet financial obligations in the short term.