Apogee Enterprises Inc (APOG)
Debt-to-capital ratio
| Mar 2, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 62,000 | 100,666 | 145,675 | 170,669 | 169,837 | 203,735 | 250,834 | 261,000 | 162,000 | 162,000 | 162,000 | 162,000 | 163,000 | 166,463 | 15,672 | 55,500 | 212,500 | 95,856 | 117,385 | 293,309 |
| Total stockholders’ equity | US$ in thousands | 471,025 | 455,731 | 432,318 | 410,206 | 396,408 | 377,638 | 356,740 | 327,290 | 386,199 | 473,853 | 476,561 | 497,551 | 492,745 | 547,343 | 526,168 | 504,144 | 516,778 | 514,979 | 503,081 | 484,976 |
| Debt-to-capital ratio | 0.12 | 0.18 | 0.25 | 0.29 | 0.30 | 0.35 | 0.41 | 0.44 | 0.30 | 0.25 | 0.25 | 0.25 | 0.25 | 0.23 | 0.03 | 0.10 | 0.29 | 0.16 | 0.19 | 0.38 |
March 2, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $62,000K ÷ ($62,000K + $471,025K)
= 0.12
The debt-to-capital ratio of Apogee Enterprises Inc has shown fluctuations over the time periods provided. The ratio was relatively low at 0.03 in August 29, 2020, and increased to 0.44 in August 27, 2022, before dropping to 0.10 in May 30, 2020.
Generally, a lower debt-to-capital ratio indicates that the company relies less on debt financing and has a stronger equity position. On the other hand, a higher ratio suggests a greater reliance on debt to finance its operations.
Apogee's debt-to-capital ratio has ranged from 0.03 to 0.44, indicating fluctuating levels of debt utilization compared to equity financing over the periods analyzed. It is important for investors and stakeholders to monitor these changes to assess the company's financial health and risk profile.