Apogee Enterprises Inc (APOG)
Debt-to-assets ratio
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 62,000 | — | — | 169,837 |
| Total assets | US$ in thousands | 1,175,270 | 884,064 | 884,064 | 915,365 | 915,365 |
| Debt-to-assets ratio | 0.00 | 0.07 | 0.00 | 0.00 | 0.19 |
February 28, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,175,270K
= 0.00
The debt-to-assets ratio of Apogee Enterprises Inc has shown a decreasing trend over the years based on the provided data. In February 25, 2023, the ratio stood at 0.19, indicating that 19% of the company's assets were financed by debt. Subsequently, in February 28, 2023 and February 29, 2024, the ratio dropped to 0.00, suggesting that the company had no debt relative to its assets during those periods.
However, there was a slight increase in the ratio on March 2, 2024, reaching 0.07, indicating that 7% of the company's assets were funded by debt. The ratio then decreased back to 0.00 in February 28, 2025, suggesting that the company continued to have a debt-free capital structure.
Overall, the decreasing trend in the debt-to-assets ratio reflects the company's ability to effectively manage its debt levels in relation to its asset base, potentially indicating a strong financial position and lower risk of financial distress.