Apogee Enterprises Inc (APOG)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 442,104 | 431,321 | 393,788 | 372,502 | 358,639 | 358,639 | 372,459 | 372,459 | 376,314 | 376,314 | 393,725 | 393,725 | 361,628 | 383,101 | 371,226 | 396,690 | 424,218 | 424,218 | 371,161 | 371,161 |
| 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 |
| Current ratio | 1.55 | 1.63 | 1.65 | 1.64 | 1.47 | 1.47 | 1.57 | 1.57 | 1.68 | 1.68 | 1.69 | 1.69 | 1.49 | 1.58 | 1.60 | 1.71 | 1.82 | 1.82 | 1.79 | 1.79 |
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 ranged from 1.47 to 1.82 over the reporting periods provided. The current ratio is an important liquidity ratio that measures the company's ability to meet its short-term financial obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive indicator of financial health.
Apogee Enterprises Inc's current ratio has shown some fluctuations but generally remained above 1, indicating that the company has been able to cover its short-term liabilities with its current assets. However, there have been slight decreases in the current ratio over the most recent periods, which could suggest a potential strain on the company's liquidity position. It is important for investors and analysts to monitor these fluctuations in the current ratio to assess the company's ability to manage its short-term obligations effectively.