American Woodmark Corporation (AMWD)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 364,453 | 379,720 | 402,643 | 415,222 | 402,710 | 402,130 | 402,065 | 394,112 | 368,255 | 411,458 | 476,311 | 464,325 | 428,657 | 383,963 | 371,708 | 355,420 | 392,080 | 404,054 | 404,353 | 387,969 |
| 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 |
| Current ratio | 1.99 | 2.01 | 1.93 | 1.98 | 2.06 | 2.14 | 2.22 | 2.25 | 2.07 | 2.45 | 2.26 | 1.96 | 1.98 | 1.99 | 1.90 | 1.79 | 1.78 | 1.92 | 2.07 | 2.18 |
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 fluctuations over the period from July 2020 to April 2025. Initially, as of July 31, 2020, the ratio stood at 2.18, indicating that the company's current assets were more than twice its current liabilities. Over the subsequent quarters, a gradual decline was observed, reaching a low of approximately 1.78 in April 2021, reflecting a narrowing margin of liquidity.
From mid-2021 onwards, the current ratio experienced periods of stabilization and modest increases, with the ratio rising above the 2.0 threshold multiple times. Notably, as of October 31, 2022, the ratio increased to 2.26, suggesting improved liquidity position, which was further reinforced by a reading of 2.45 as of January 31, 2023—the highest point in the observed period. This indicates that the company's short-term assets significantly exceeded its short-term obligations during this time, potentially affording greater operational flexibility.
Subsequently, the ratio showed a slight decline, settling around 2.07 in April 2023 and fluctuating modestly thereafter, ending at approximately 1.99 in April 2025. Despite these oscillations, the current ratio generally remained within the range of 1.78 to 2.45 throughout the period, signifying a relatively stable liquidity position over time.
Overall, the trend indicates that the company's liquidity has been maintained at a comfortable level, with periods of strengthening and minor declines, ensuring the capacity for meeting short-term liabilities without significant liquidity concerns. The ratio's stability over this multi-year span suggests sound liquidity management practices, though the cyclical variations reflect typical operational and financial adjustments.