American Woodmark Corporation (AMWD)
Current ratio
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 402,710 | 402,130 | 402,065 | 394,112 | 368,255 | 411,458 | 476,311 | 464,325 | 428,657 | 383,963 | 371,708 | 355,420 | 409,965 | 404,054 | 404,353 | 387,969 | 312,211 | 309,024 | 318,197 | 306,035 |
| Total current liabilities | US$ in thousands | 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 | 169,202 | 169,409 | 180,427 | 149,590 |
| Current ratio | 2.06 | 2.14 | 2.22 | 2.25 | 2.07 | 2.45 | 2.26 | 1.96 | 1.98 | 1.99 | 1.90 | 1.79 | 1.86 | 1.92 | 2.07 | 2.18 | 1.85 | 1.82 | 1.76 | 2.05 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $402,710K ÷ $195,726K
= 2.06
American Woodmark Corporation's current ratio has shown some fluctuations over the past few years but generally indicates a healthy liquidity position. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
Looking at the trend, the current ratio has ranged from a low of 1.76 to a high of 2.45 over the past six years. The ratio appears to have peaked at 2.45 in January 2023 and hit a low of 1.76 in July 2019.
Overall, the company has maintained a current ratio above 2.0 for most of the periods, suggesting that it has more than enough current assets to cover its current liabilities. However, there have been a few instances where the ratio fell below 2.0, indicating a tighter liquidity position during those periods.
It is essential for stakeholders to monitor the current ratio closely to ensure that the company can meet its short-term financial obligations effectively.