American Woodmark Corporation (AMWD)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 910,376 | 896,910 | 895,580 | 894,365 | 873,788 | 843,140 | 829,179 | 792,538 | 772,883 | 750,953 | 743,139 | 737,101 | 756,238 | 775,993 | 756,546 | 732,006 | 689,285 | 674,908 | 651,168 | 632,473 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $910,376K)
= 0.00
The debt-to-capital ratio for American Woodmark Corporation has consistently been reported as 0.00 across multiple periods from April 30, 2019, to April 30, 2024. This indicates that the company has had no debt in relation to its capital structure during these periods. A debt-to-capital ratio of 0.00 implies that the company has not utilized debt financing and relies solely on equity to fund its operations and investments. This could suggest a conservative financial strategy, as the company avoids the financial risk associated with debt repayment obligations. However, it is important to note that a zero debt-to-capital ratio may also signal missed opportunities for leveraging debt to potentially enhance returns for shareholders through tax benefits and increased leverage.