Apogee Enterprises Inc (APOG)
Current ratio
| Mar 2, 2024 | Feb 25, 2023 | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 358,639 | 383,101 | 337,892 | 350,674 | 381,910 |
| Total current liabilities | US$ in thousands | 244,705 | 242,549 | 232,946 | 217,552 | 276,857 |
| Current ratio | 1.47 | 1.58 | 1.45 | 1.61 | 1.38 |
March 2, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $358,639K ÷ $244,705K
= 1.47
The current ratio of Apogee Enterprises Inc has fluctuated over the past five years. As of March 2, 2024, the current ratio stands at 1.47, a decrease from the previous year's ratio of 1.58. This indicates that the company may have slightly less short-term assets to cover its current liabilities compared to the prior year.
Looking further back, the current ratio was 1.45 in 2022, 1.61 in 2021, and 1.38 in 2020. The company's current ratio has shown some variability, with a peak in 2021 and a low in 2020.
Overall, the current ratio of Apogee Enterprises Inc suggests that the company has generally been able to meet its short-term obligations with its current assets, although there have been fluctuations in the ratio over the years. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign for its short-term financial health.