American Woodmark Corporation (AMWD)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,593,860 | 1,573,840 | 1,534,100 | 1,530,630 | 1,518,800 | 1,564,370 | 1,651,030 | 1,646,210 | 1,632,500 | 1,591,680 | 1,595,740 | 1,589,580 | 1,654,400 | 1,656,870 | 1,672,880 | 1,667,440 | 1,593,830 | 1,598,660 | 1,623,420 | 1,529,930 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
April 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,593,860K
= 0.00
The debt-to-assets ratio of American Woodmark Corporation has consistently been reported as 0.00 across multiple periods, indicating that the company has not utilized debt to finance its assets. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity rather than debt. This can be seen as a positive indicator of financial stability and low financial risk, as the company does not have significant debt obligations that could burden its operations. However, it is essential to consider that a very low debt-to-assets ratio may also indicate underutilization of debt financing, potentially missing out on leveraging debt for growth opportunities or tax benefits. Further analysis of the company's capital structure and strategic financial decisions would be necessary to fully assess the implications of this consistently low debt-to-assets ratio.