Apogee Enterprises Inc (APOG)
Debt-to-equity 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-equity ratio | 0.13 | 0.22 | 0.34 | 0.42 | 0.43 | 0.54 | 0.70 | 0.80 | 0.42 | 0.34 | 0.34 | 0.33 | 0.33 | 0.30 | 0.03 | 0.11 | 0.41 | 0.19 | 0.23 | 0.60 |
March 2, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $62,000K ÷ $471,025K
= 0.13
Apogee Enterprises Inc has shown fluctuations in its debt-to-equity ratio over the past few years. As of March 2, 2024, the company had a relatively low debt-to-equity ratio of 0.13, indicating a conservative capital structure with a lower level of debt compared to equity. This may suggest lower financial risk for the company.
In the previous quarters, the company's debt-to-equity ratio ranged from 0.22 to 0.70, showing some variability in its leverage levels. The ratio peaked at 0.80 on August 27, 2022, indicating a higher level of debt relative to equity which could imply increased financial risk and potential vulnerability to economic downturns or interest rate fluctuations.
Overall, Apogee Enterprises Inc appears to have maintained a moderate level of leverage over the period, with the ratio hovering around the 0.30 to 0.40 range in recent quarters. Investors and stakeholders should continue to monitor the company's debt levels and evaluate its ability to manage debt effectively while sustaining growth and profitability.