Apogee Enterprises Inc (APOG)
Debt-to-assets ratio
| Mar 2, 2024 | Feb 25, 2023 | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 62,000 | 169,837 | 162,000 | 163,000 | 212,500 |
| Total assets | US$ in thousands | 884,064 | 915,365 | 887,863 | 1,015,100 | 1,128,990 |
| Debt-to-assets ratio | 0.07 | 0.19 | 0.18 | 0.16 | 0.19 |
March 2, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $62,000K ÷ $884,064K
= 0.07
The debt-to-assets ratio of Apogee Enterprises Inc has fluctuated over the past five years, indicating changes in the company's leverage and financial risk. The ratio was lowest in the most recent fiscal year, standing at 0.07, implying that only 7% of the company's assets were financed by debt. This suggests a conservative approach to debt management.
In the preceding year, the ratio increased to 0.19, indicating a higher level of debt relative to assets compared to the latest year. However, it is important to note that the ratio decreased to 0.18 in the year prior to that, before dropping further to 0.16, before returning to 0.19 in the fiscal year of 2020.
Overall, the trend in the debt-to-assets ratio suggests fluctuation in the level of debt financing relative to total assets over the years. This could be due to various factors such as changes in the company's capital structure, financing decisions, or business performance. An investor or creditor may monitor this ratio to assess the company's financial health and risk profile related to its debt obligations.