Apogee Enterprises Inc (APOG)

The solvency ratios of Apogee Enterprises Inc show a favorable trend over the past five years. The debt-to-assets ratio has significantly decreased from 0.19 in 2020 to 0.07 in 2024, indicating that the company has been able to reduce its reliance on debt in relation to its total assets.

Similarly, the debt-to-capital ratio and debt-to-equity ratio have also shown a declining trend, signaling that the company has become less leveraged over the years. The debt-to-capital ratio has decreased from 0.29 in 2020 to 0.12 in 2024, while the debt-to-equity ratio has dropped from 0.41 in 2020 to 0.13 in 2024.

Furthermore, the financial leverage ratio, which measures the company's total assets in relation to its equity, has shown improvement from 2.18 in 2020 to 1.88 in 2024. This suggests that Apogee Enterprises Inc has been able to reduce its financial leverage and enhance its financial stability over the years.

Overall, the declining trend in these solvency ratios indicates that Apogee Enterprises Inc has been managing its debt levels effectively and strengthening its financial position, which is a positive sign for investors and stakeholders.

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Coverage ratios

The interest coverage ratio measures a company's ability to meet its interest payment obligations on outstanding debt. A higher ratio indicates that the company is better positioned to cover its interest expenses.

Looking at the historical trend for Apogee Enterprises Inc's interest coverage ratio, we observe fluctuations over the past five years. In Mar 2, 2024, the interest coverage ratio improved significantly to 17.18, reflecting a strong ability to cover interest payments. This is a positive trend from the previous year, where the ratio was 14.83.

In contrast, the interest coverage ratio was weaker in Feb 26, 2022, at 4.04, suggesting a decreased ability to cover interest expenses compared to the preceding years. However, there was a slight improvement in Feb 27, 2021, with a ratio of 5.05, although it remained relatively low compared to more recent years.

Overall, the trend in Apogee Enterprises Inc's interest coverage ratio indicates variability in the company's ability to cover interest payments over the past five years. It is crucial for investors and stakeholders to closely monitor this ratio to assess the company's financial health and its capacity to meet its debt obligations in the future.