American Woodmark Corporation (AMWD)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 111,171 | 130,815 | 123,225 | 122,764 | 132,107 | 113,073 | 120,742 | 117,763 | 119,163 | 117,742 | 153,644 | 162,447 | 156,961 | 159,470 | 154,300 | 130,736 | 146,866 | 147,834 | 149,165 | 123,301 |
| 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 |
| Quick ratio | 0.87 | 0.92 | 0.86 | 1.01 | 1.12 | 1.12 | 1.20 | 1.18 | 0.90 | 0.97 | 0.94 | 0.83 | 0.83 | 0.83 | 0.83 | 0.80 | 1.08 | 1.14 | 1.34 | 1.41 |
April 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($48,195K
+ $—K
+ $111,171K)
÷ $182,942K
= 0.87
The analysis of American Woodmark Corporation's quick ratio over the specified period reveals notable fluctuations that reflect evolving liquidity dynamics. Initially, the quick ratio declined from 1.41 on July 31, 2020, to reach a low of 0.80 by July 31, 2021, indicating a weakening liquidity position and a reduced capacity to meet short-term liabilities with liquid assets. This downward trend persisted through the subsequent periods, with the ratio hovering around 0.83 to 0.94 between October 2021 and October 2022, suggesting a stabilization of liquidity levels.
From October 2022 onward, the quick ratio showed signs of improvement, reaching 1.20 by October 31, 2023. Such an increase signifies an enhanced liquidity buffer, allowing the company better coverage of current liabilities through its most liquid assets. This positive trend continued into early 2024, with the ratio maintaining above 1.0, notably at 1.12 in both January and April 2024.
However, the ratio experienced a slight decline thereafter, dropping to 0.86 by October 2024. This decrease indicates some erosion of liquidity, although it remains close to the threshold of 1.0, suggesting the company still maintains a reasonable ability to meet short-term obligations with liquid assets. The ratio saw minor variations in subsequent periods, ending at 0.87 in April 2025.
Overall, the period reflects periods of liquidity strain followed by recovery phases. The fluctuations suggest that American Woodmark's liquidity position has been somewhat variable but generally remains within a range that permits ongoing operational and financial flexibility, albeit with occasional periods of reduced liquidity buffer.