American Woodmark Corporation (AMWD)
Financial leverage 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 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 |
| 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 |
| Financial leverage ratio | 1.75 | 1.75 | 1.71 | 1.71 | 1.74 | 1.86 | 1.99 | 2.08 | 2.11 | 2.12 | 2.15 | 2.16 | 2.19 | 2.14 | 2.21 | 2.28 | 2.31 | 2.37 | 2.49 | 2.42 |
April 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,593,860K ÷ $910,376K
= 1.75
The financial leverage ratio of American Woodmark Corporation has exhibited fluctuating trends over the past few periods. The ratio indicates how much debt a company is using to finance its assets relative to its equity. From April 2022 to April 2024, the financial leverage ratio has ranged from 1.71 to 2.11, signaling varying levels of debt utilization during this period.
Notably, the ratio peaked at 2.49 in July 2019, suggesting a higher reliance on debt financing at that time. Subsequently, there was a decline in the ratio before reaching a low of 1.71 in October 2023, indicating a relative decrease in debt usage compared to equity.
The most recent data point for April 2024 shows the financial leverage ratio at 1.75, which is consistent with the ratio observed in January 2024. This suggests that the company's debt-to-equity mix has remained stable in the short term.
Overall, the trend in American Woodmark Corporation's financial leverage ratio has shown fluctuations, with periods of both increased and decreased debt reliance. Monitoring this ratio can provide insights into the company's capital structure and financial risk levels.