Apogee Enterprises Inc (APOG)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 62,000 | — | — | 100,666 | — | 145,675 | — | 170,669 | — | 169,837 | — | 203,735 | — | 250,834 | — | 261,000 |
| Total assets | US$ in thousands | 1,175,270 | 1,180,520 | 917,092 | 888,979 | 884,064 | 884,064 | 894,855 | 894,855 | 908,579 | 908,579 | 921,199 | 921,199 | 915,365 | 915,365 | 918,446 | 918,446 | 948,974 | 948,974 | 906,950 | 906,950 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.11 | 0.00 | 0.16 | 0.00 | 0.19 | 0.00 | 0.19 | 0.00 | 0.22 | 0.00 | 0.26 | 0.00 | 0.29 |
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 declining trend over the periods provided. The ratio was 0.29 as of May 28, 2022, indicating that 29% of the company's assets were funded by debt. Subsequently, the ratio decreased to 0.00 as of May 31, 2022 and continued to fluctuate between 0.00 and 0.26 until August 31, 2023.
From November 26, 2023, a decreasing trend is observed in the debt-to-assets ratio, reaching 0.00 by February 29, 2024. However, there was a slight increase to 0.07 as of March 2, 2024. The ratio remained at 0.00 for the subsequent periods, including May 31, 2024, August 31, 2024, November 30, 2024, and February 28, 2025.
The decreasing trend in the debt-to-assets ratio indicates that Apogee Enterprises Inc has been relying less on debt to finance its assets over time. A lower ratio suggests that the company has a lower level of financial risk stemming from debt obligations and may indicate a stronger financial position.