Apogee Enterprises Inc (APOG)

Quick ratio

Feb 28, 2025 Mar 2, 2024 Feb 29, 2024 Feb 28, 2023 Feb 25, 2023
Cash 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
Receivables US$ in thousands 173,557 197,267
Total current liabilities US$ in thousands 285,456 244,705 244,705 242,549 242,549
Quick ratio 0.15 0.86 0.16 0.09 0.90

February 28, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($41,448K + $—K + $—K) ÷ $285,456K
= 0.15

The quick ratio, a measure of a company's liquidity and its ability to meet short-term obligations with its most liquid assets, for Apogee Enterprises Inc has shown fluctuations over the past five years.

As of February 25, 2023, the quick ratio was 0.90, indicating that the company had $0.90 in quick assets for every dollar of current liabilities. This suggests a strong ability to cover its short-term obligations without relying heavily on inventory.

However, by February 28, 2023, the quick ratio had dropped significantly to 0.09, which may raise concerns about the company's liquidity position and ability to meet its immediate financial obligations.

Subsequently, there was an improvement in the quick ratio to 0.16 by February 29, 2024, although it remained relatively low compared to the initial ratio in 2023. This could indicate ongoing challenges in managing short-term liquidity.

On March 2, 2024, the quick ratio surged to 0.86, signaling a substantial improvement in the company's liquidity position, potentially due to enhanced management of current assets and liabilities.

By February 28, 2025, the quick ratio dropped again to 0.15, suggesting a decrease in the company's ability to cover its short-term obligations using its liquid assets.

Overall, the quick ratio of Apogee Enterprises Inc has shown variability over the years, indicating fluctuations in the company's liquidity position and its ability to manage short-term financial commitments effectively. Further analysis of the company's current assets and liabilities is recommended to assess its liquidity risk and financial health accurately.