Apogee Enterprises Inc (APOG)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | 173,557 | — | — | 198,249 | — | 205,720 | — | 210,796 | — | 197,267 | — | 222,554 | — | 231,853 | — | 193,741 |
| 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 |
| Quick ratio | 0.15 | 0.17 | 0.22 | 0.15 | 0.86 | 0.16 | 0.11 | 0.95 | 0.09 | 1.01 | 0.12 | 1.02 | 0.09 | 0.90 | 0.10 | 1.06 | 0.10 | 1.09 | 0.08 | 1.02 |
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 of Apogee Enterprises Inc has fluctuated over the reported periods. It stood at 1.02 as of May 28, 2022, indicating a healthy level of liquidity to cover immediate liabilities. However, there was a significant drop to 0.08 by the end of May 31, 2022, which could raise concerns about the company's short-term liquidity position.
Subsequently, the quick ratio improved to 1.09 by August 27, 2022, showing a recovery in liquidity. This was followed by a slight decrease to 0.10 at the end of August 31, 2022. Throughout the following periods, the quick ratio continued to fluctuate between 0.09 and 1.06, with the ratio reaching its lowest of 0.09 on several occasions.
The quick ratio improved to 1.02 as of May 27, 2023, but then declined to 0.12 at the end of May 31, 2023. It recovered to 1.01 by August 26, 2023, but decreased again to 0.09 by August 31, 2023. Subsequently, the quick ratio ranged between 0.11 and 0.95 until February 29, 2024, when it reached 0.16. However, by March 2, 2024, the ratio dropped significantly to 0.86.
In the most recent periods, the quick ratio showed some improvement, reaching 0.22 by August 31, 2024. However, it declined to 0.17 by November 30, 2024, and further dropped to 0.15 by February 28, 2025. Overall, the quick ratio of Apogee Enterprises Inc has exhibited variability, indicating fluctuations in the company's ability to meet its short-term obligations with its most liquid assets.