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American Axle and Manufacturing Holdings Inc  (AXL)
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American Axle And Manufacturing Holdings Inc's Quick Ratio

AXL's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the first quarter 2024, Quick Ratio fell to 0.39 below American Axle And Manufacturing Holdings Inc average.

Within Auto & Truck Parts industry 14 other companies have achieved higher Quick Ratio than American Axle And Manufacturing Holdings Inc in first quarter 2024. While Quick Ratio total ranking has improved so far during the I Quarter 2024 to 1850, from total ranking in the forth quarter 2023 at 2119.

Explain Quick Ratio?
How much Cash & cash equivalents AXL´s has?
What are AXL´s Current Liabilities?


AXL Quick Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Current Liabilities Change 3.1 % 0.13 % 3.03 % 1.96 % 4.21 %
Y / Y Cash & cash equivalent Change 0.88 % 1.64 % 30.34 % 1.93 % -12.12 %
Quick Ratio MRQ 0.39 0.44 0.5 0.42 0.4
AXL's Total Ranking # 1850 # 2119 # 2662 # 2981 # 3220
Seq. Current Liabilities Change 2.85 % -3.87 % 1.19 % 3.06 % -0.12 %
Seq. Cash & cash equivalent Change -9.64 % -15.55 % 20.45 % 9.75 % -8.95 %



Quick Ratio first quarter 2024 Company Ranking
Within: No.
Auto & Truck Parts Industry # 15
Consumer Discretionary Sector # 54
Overall Market # 1850


Quick Ratio Statistics
High Average Low
2 0.45 0.11
(Mar 31 2017)   (Mar 31 2014)




Financial Statements
American Axle And Manufacturing Holdings Inc's Current Liabilities $ 1,213 Millions Visit AXL's Balance sheet
American Axle And Manufacturing Holdings Inc's Cash & cash equivalent $ 470 Millions Visit AXL's Balance sheet
Source of AXL's Sales Visit AXL's Sales by Geography


Cumulative American Axle And Manufacturing Holdings Inc's Quick Ratio

AXL's Quick Ratio for the trailling 12 Months

AXL Quick Ratio

(Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Current Liabilities TTM Growth 3.1 % 0.13 % 3.03 % 1.96 % 4.21 %
Y / Y Cash & cash equivalent TTM Growth 0.88 % 1.64 % 30.34 % 1.93 % -12.12 %
Quick Ratio TTM 0.44 0.44 0.44 0.41 0.41
Total Ranking TTM # 1357 # 825 # 3538 # 2875 # 3659
Seq. Current Liabilities TTM Growth 2.85 % -3.87 % 1.19 % 3.06 % -0.12 %
Seq. Cash & cash equivalent TTM Growth -9.64 % -15.55 % 20.45 % 9.75 % -8.95 %


On the trailing twelve months basis In Spite of the rise in Current Liabilities in the I Quarter 2024 to $1,213.30 millions, cumulative Quick Ratio remained unchanged at 0.44 below the American Axle And Manufacturing Holdings Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Auto & Truck Parts industry 14 other companies have achieved higher Quick Ratio than American Axle And Manufacturing Holdings Inc. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the forth quarter 2023 from 825 to 1357.

Explain Quick Ratio?
How much Cash & cash equivalents AXL´s has?
What are AXL´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Auto & Truck Parts Industry # 15
Consumer Discretionary Sector # 46
Within the Market # 1357


trailing twelve months Quick Ratio Statistics
High Average Low
0.97 0.48 0.26
(Mar 31 2017)   (Sep 30 2019)




Companies with similar Quick Ratio in the quarter ending Mar 31 2024, within Auto & Truck Parts Industry Quick RatioMar 31 2024 MRQ Cash & cash equivalentMar 31 2024 MRQ Current Liabilities
Gentex Corporation  0.87 $ 265.763  Millions$ 304.411  Millions
Cheetah Net Supply Chain Service inc   0.58 $ 0.903  Millions$ 1.544  Millions
Visteon Corp  0.56 $ 507.000  Millions$ 907.000  Millions
Harley davidson Inc   0.46 $ 1,594.359  Millions$ 3,491.324  Millions
Worksport Ltd  0.45 $ 3.537  Millions$ 7.844  Millions
Atmus Filtration Technologies Inc   0.43 $ 149.200  Millions$ 349.400  Millions
Holley Inc   0.40 $ 41.127  Millions$ 101.724  Millions
American Axle and Manufacturing Holdings Inc  0.39 $ 469.800  Millions$ 1,213.300  Millions
Phinia Inc   0.31 $ 325.000  Millions$ 1,032.000  Millions
Commercial Vehicle Group Inc   0.30 $ 46.816  Millions$ 154.965  Millions
Stoneridge Inc  0.27 $ 48.440  Millions$ 180.246  Millions
Envirotech Vehicles Inc   0.23 $ 1.049  Millions$ 4.495  Millions
Cooper standard Holdings Inc   0.18 $ 114.191  Millions$ 640.045  Millions
Aptiv Plc  0.16 $ 941.000  Millions$ 5,956.000  Millions
Lear Corp  0.16 $ 930.400  Millions$ 5,943.000  Millions
Garrett Motion Inc   0.15 $ 196.000  Millions$ 1,319.000  Millions
Dana Inc   0.14 $ 351.000  Millions$ 2,524.000  Millions
Power Solutions International Inc   0.13 $ 33.063  Millions$ 245.751  Millions
Bwx Technologies Inc   0.13 $ 48.787  Millions$ 386.825  Millions
Lkq Corporation  0.11 $ 344.000  Millions$ 3,059.000  Millions
Modine Manufacturing Co  0.11 $ 60.100  Millions$ 545.800  Millions
Omnitek Engineering Corp   0.11 $ 0.181  Millions$ 1.696  Millions
Standard Motor Products Inc   0.09 $ 27.113  Millions$ 299.212  Millions

Date modified: 2024-05-04T06:38:00+00:00



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