Apogee Enterprises Inc (APOG)

Based on the solvency ratios of Apogee Enterprises Inc, we can observe the following trends:

1. Debt-to-Assets Ratio: This ratio measures the proportion of a company's assets financed by debt. Apogee Enterprises Inc has maintained a relatively low debt-to-assets ratio over the years, ranging from 0.00 to 0.19. This indicates that the company relies less on debt to fund its assets.

2. Debt-to-Capital Ratio: This ratio shows the extent to which a company's operations are funded by debt. Apogee Enterprises Inc has consistently kept its debt-to-capital ratio low, fluctuating between 0.00 and 0.30. A lower ratio implies a lesser reliance on debt for capital.

3. Debt-to-Equity Ratio: This ratio indicates the amount of debt financing relative to equity. Apogee Enterprises Inc has shown a similar pattern of maintaining a minimal debt-to-equity ratio, varying between 0.00 and 0.43. A lower ratio suggests a lower financial risk for the company.

4. Financial Leverage Ratio: This ratio measures the extent to which a company utilizes debt to finance its operations. Apogee Enterprises Inc's financial leverage ratio has fluctuated between 1.88 and 2.41. The increase in the ratio in certain years indicates a higher level of financial risk compared to the periods with a lower ratio.

Overall, the solvency ratios of Apogee Enterprises Inc demonstrate a conservative financial structure with a prudent approach to debt management, as evidenced by the consistently low levels of debt relative to assets, capital, and equity.

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Coverage ratios

Apogee Enterprises Inc has shown a consistent and healthy interest coverage ratio over the years, indicating its ability to meet its interest obligations comfortably. The interest coverage ratio has been steadily increasing from 14.83 on February 25, 2023, to 19.28 on February 28, 2025. This upward trend suggests that the company's earnings before interest and taxes (EBIT) are more than sufficient to cover its interest expenses. A higher interest coverage ratio is generally interpreted as a positive sign by investors and creditors, as it reflects the company's strength in generating earnings to service its debt commitments. Apogee Enterprises Inc's strong interest coverage ratio indicates a favorable financial position and may signify good financial health and stability for the company.