Apogee Enterprises Inc (APOG)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 487,898 | 522,069 | 506,422 | 479,955 | 471,025 | 471,025 | 455,731 | 455,731 | 432,318 | 432,318 | 410,206 | 410,206 | 396,408 | 396,408 | 377,638 | 377,638 | 356,740 | 356,740 | 327,290 | 327,290 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 | 0.00 | 0.18 | 0.00 | 0.25 | 0.00 | 0.29 | 0.00 | 0.30 | 0.00 | 0.35 | 0.00 | 0.41 | 0.00 | 0.44 |
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 of Apogee Enterprises Inc has shown a decreasing trend over the past few years, starting at 0.44 in May 2022 and steadily decreasing to 0.00 by February 2025. This indicates that the company has been able to reduce its reliance on debt financing in relation to its overall capital structure. It is important to note that a lower debt-to-capital ratio generally signifies lower financial risk and greater financial stability for the company. Additionally, a decreasing trend in this ratio could be a positive signal for investors as it may imply improved financial health and prudent financial management by the company.