Apogee Enterprises Inc (APOG)
Cash ratio
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 41,448 | 37,216 | 37,216 | 19,924 | 19,924 |
| Short-term investments | US$ in thousands | — | — | 2,798 | 2,173 | 2,173 |
| Total current liabilities | US$ in thousands | 285,456 | 244,705 | 244,705 | 242,549 | 242,549 |
| Cash ratio | 0.15 | 0.15 | 0.16 | 0.09 | 0.09 |
February 28, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($41,448K
+ $—K)
÷ $285,456K
= 0.15
The cash ratio of Apogee Enterprises Inc has shown a fluctuating trend over the reported periods. In February 2023 and February 2024, the cash ratio was consistent at 0.09 and 0.16, respectively. However, in March 2024 and February 2025, the cash ratio decreased slightly to 0.15, indicating a slightly lower ability to cover short-term liabilities with cash and cash equivalents in those periods. Overall, the company maintains a relatively stable cash position, but attention should be paid to managing liquidity effectively to ensure sufficient cash reserves for operational needs.