Apogee Enterprises Inc (APOG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 0.22 | 0.00 | 0.34 | 0.00 | 0.42 | 0.00 | 0.43 | 0.00 | 0.54 | 0.00 | 0.70 | 0.00 | 0.80 |
February 28, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $487,898K
= 0.00
The debt-to-equity ratio of Apogee Enterprises Inc has shown fluctuations over the past few years. As of February 28, 2025, the company has a debt-to-equity ratio of 0.00, indicating that there is no debt on the company's balance sheet in relation to its equity.
The trend in the debt-to-equity ratio shows that the company has been actively managing its debt levels, with alternating periods of debt accumulation and debt reduction. The ratio was at its highest in May 28, 2022, at 0.80, which indicates that the company had relatively higher debt compared to its equity at that time.
Subsequently, the company significantly reduced its debt levels, reaching a debt-to-equity ratio of 0.00 on multiple occasions, such as May 31, 2022, August 31, 2022, November 30, 2022, and February 28, 2023. This indicates a strong position in terms of financial leverage and lower financial risk.
In the subsequent periods, there are fluctuations in the debt-to-equity ratio, with a downward trend overall. The ratio decreased further to 0.00 in multiple periods in May 31, 2023, August 31, 2023, November 30, 2023, and May 31, 2024, suggesting that the company has maintained a relatively debt-free position.
The ratio slightly increased to 0.13 on March 2, 2024, before returning to 0.00 on subsequent dates such as August 31, 2024, November 30, 2024, and ultimately February 28, 2025.
Overall, the debt-to-equity ratio trend indicates that Apogee Enterprises Inc has been actively managing its debt levels, and the recent ratio of 0.00 as of February 28, 2025, suggests a strong financial position with minimal debt obligations in relation to equity.