Apogee Enterprises Inc (APOG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 487,898 | 471,025 | 471,025 | 396,408 | 396,408 |
| Debt-to-capital ratio | 0.00 | 0.12 | 0.00 | 0.00 | 0.30 |
February 28, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $487,898K)
= 0.00
The debt-to-capital ratio for Apogee Enterprises Inc has exhibited some fluctuations over the past few years. Specifically, the ratio was at 0.30 as of February 25, 2023, indicating that 30% of the company's capital was financed through debt at that time. However, the ratio dropped to 0.00 by February 28, 2023 and remained at 0.00 as of February 29, 2024, suggesting that the company was either using less debt or increasing its capital base during this period.
Subsequently, the ratio increased to 0.12 by March 2, 2024, indicating that the company had taken on some debt relative to its capital. However, by February 28, 2025, the ratio once again dropped to 0.00, potentially indicating a reduction in debt levels or an increase in capital.
Overall, the fluctuations in Apogee Enterprises Inc's debt-to-capital ratio suggest varying levels of debt financing relative to its total capital structure over the periods analyzed. Investors and stakeholders may want to monitor these changes to assess the company's financial leverage and risk profile.