American Woodmark Corporation (AMWD)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Debt-to-equity 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 |
| 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 |
The solvency ratios of American Woodmark Corporation, as reflected in the table, indicate the company's ability to meet its long-term obligations and financial leverage levels over the historical period covered.
1. Debt-to-assets ratio: The company consistently shows a debt-to-assets ratio of 0.00 across all periods. This suggests that American Woodmark has not been reliant on debt to finance its assets and operations.
2. Debt-to-capital ratio: Similar to the debt-to-assets ratio, the debt-to-capital ratio remains at 0.00 consistently. This indicates that the company has not used debt to fund its operations in relation to its total capital structure.
3. Debt-to-equity ratio: The debt-to-equity ratio also remains at 0.00 throughout the historical period, reaffirming that the company has not utilized debt as a leverage tool in relation to its equity.
4. Financial leverage ratio: Notably, the financial leverage ratio has been fluctuating over the periods, ranging from 1.71 to 2.49. This suggests varying levels of the company's reliance on debt financing to support its assets and operations, with the ratio peaking at 2.49 in July 2019 and fluctuating around the 2.00 mark in the more recent periods.
In summary, while American Woodmark Corporation has maintained negligible levels of debt in relation to its assets, capital, and equity, the fluctuating financial leverage ratio indicates a varying degree of reliance on debt financing over the historical period. Monitoring this financial leverage ratio trend can provide insights into the company's changing capital structure and its ability to balance debt levels effectively.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 154.59 | 171.14 | 166.00 | 161.52 | 141.15 | 129.91 | 105.57 | 63.94 | 37.16 | 29.07 | 36.44 | 43.70 | 44.58 | 44.87 | 47.49 | 50.47 | 54.65 | 54.77 | 54.20 | 52.02 |
The interest coverage ratio of American Woodmark Corporation has shown a fluctuating trend over the past few years. It started at a relatively high level of 52.02 in April 2019 and exhibited a general upward trajectory until January 2020, reaching 54.77. Subsequently, there was a slight decrease in the ratio by July 2020, but it remained relatively stable around the mid-50s range until January 2022.
From January 2022 onwards, there was a significant decline in the interest coverage ratio, dropping to as low as 29.07 by January 2023. However, there was a notable improvement in the ratio in the following quarters, reaching 171.14 by January 2024. This substantial increase in the interest coverage ratio may indicate improved ability by the company to meet its interest obligations comfortably from its operating income.
Overall, the interest coverage ratio of American Woodmark Corporation reflects variability over time, with periods of both strength and weakness in the company's ability to cover its interest expenses with operating earnings. It would be essential to further investigate the underlying reasons for these fluctuations to assess the company's financial health accurately.