Apogee Enterprises Inc (APOG)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 471,025 | 396,408 | 386,199 | 492,745 | 516,778 |
| Debt-to-equity ratio | 0.13 | 0.43 | 0.42 | 0.33 | 0.41 |
March 2, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $62,000K ÷ $471,025K
= 0.13
Apogee Enterprises Inc's debt-to-equity ratio has shown fluctuating trends in recent years. As of March 2, 2024, the ratio stands at 0.13, indicating a significant decrease from the previous fiscal year. This decrease suggests that the company has a lower level of debt relative to its equity, which may imply improved financial stability and lower risk.
Comparing this current ratio to historical data, it is evident that there have been variations over the last five years. The ratio peaked in February 2023 at 0.43 and has since been on a downward trajectory. This indicates that Apogee Enterprises has been actively reducing its reliance on debt as a source of financing.
The trend in the debt-to-equity ratio of Apogee Enterprises implies that the company has been managing its debt levels effectively and moving towards a more balanced capital structure. Investors and stakeholders may view this positively as it signifies improved financial health and risk management practices within the company.