Apogee Enterprises Inc (APOG)
Current ratio
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 442,104 | 358,639 | 358,639 | 361,628 | 383,101 |
| Total current liabilities | US$ in thousands | 285,456 | 244,705 | 244,705 | 242,549 | 242,549 |
| Current ratio | 1.55 | 1.47 | 1.47 | 1.49 | 1.58 |
February 28, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $442,104K ÷ $285,456K
= 1.55
The current ratio of Apogee Enterprises Inc has shown some fluctuations over the past few years. As of February 25, 2023, the company's current ratio was 1.58, indicating that it had $1.58 in current assets for every $1 in current liabilities. This ratio decreased to 1.49 by February 28, 2023, and further decreased to 1.47 by both February 29 and March 2, 2024. However, the current ratio saw a slight improvement to 1.55 as of February 28, 2025.
Overall, the current ratio of Apogee Enterprises Inc has generally remained above 1, suggesting that the company has had sufficient current assets to cover its current liabilities during the specified periods. However, the decreasing trend in the ratio from 2023 to 2024 might indicate a potential liquidity challenge that the company faced during that period. The slight improvement in 2025 is a positive sign, but it would be important for the company to closely monitor and manage its liquidity position to ensure it maintains a healthy current ratio in the future.