Apogee Enterprises Inc (APOG)
Cash ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Nov 30, 2023 | Nov 25, 2023 | Aug 31, 2023 | Aug 26, 2023 | May 31, 2023 | May 27, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 41,448 | 43,855 | 51,024 | 30,363 | 37,216 | 37,216 | 23,407 | 23,407 | 18,423 | 18,423 | 24,642 | 24,642 | 19,924 | 19,924 | 21,746 | 21,746 | 22,065 | 22,065 | 15,186 | 15,186 |
| Short-term investments | US$ in thousands | — | — | 781 | 3,608 | — | 2,798 | 2,406 | 2,406 | 2,675 | 2,675 | 2,850 | 2,850 | 2,173 | 2,173 | 1,720 | 1,720 | 1,419 | 1,419 | 1,396 | 1,396 |
| Total current liabilities | US$ in thousands | 285,456 | 263,909 | 238,849 | 227,103 | 244,705 | 244,705 | 236,575 | 236,575 | 224,286 | 224,286 | 233,159 | 233,159 | 242,549 | 242,549 | 232,037 | 232,037 | 233,383 | 233,383 | 207,065 | 207,065 |
| Cash ratio | 0.15 | 0.17 | 0.22 | 0.15 | 0.15 | 0.16 | 0.11 | 0.11 | 0.09 | 0.09 | 0.12 | 0.12 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.08 | 0.08 |
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 fluctuations over the past few years. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Based on the provided data:
- The cash ratio was consistent at 0.08 in May and August 2022.
- There was a slight increase to 0.10 in November 2022, maintained through February 2023.
- The ratio increased to 0.12 in May 2023, dropped to 0.09 in August 2023, and then increased again to 0.11 in November 2023.
- Substantial improvements were seen in early 2024, reaching 0.16 in February and 0.15 in March.
- The ratio remained at 0.15 in May 2024, showing stability in the company's liquidity position.
- A significant increase was noted in August 2024, with the cash ratio soaring to 0.22.
- The ratio decreased slightly to 0.17 in November 2024 and then to 0.15 by February 2025.
Overall, Apogee Enterprises Inc demonstrated varying levels of liquidity over the analyzed period, with notable fluctuations that should be further scrutinized to assess the company's financial health and short-term solvency.