Apogee Enterprises Inc (APOG)
Financial leverage ratio
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,175,270 | 884,064 | 884,064 | 915,365 | 915,365 |
| Total stockholders’ equity | US$ in thousands | 487,898 | 471,025 | 471,025 | 396,408 | 396,408 |
| Financial leverage ratio | 2.41 | 1.88 | 1.88 | 2.31 | 2.31 |
February 28, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,175,270K ÷ $487,898K
= 2.41
The financial leverage ratio of Apogee Enterprises Inc has shown some fluctuations over the years. As of February 25, 2023, and February 28, 2023, the ratio was stable at 2.31. However, there was a significant decrease to 1.88 by February 29, 2024, and this level remained unchanged as of March 2, 2024. Subsequently, by February 28, 2025, the ratio increased to 2.41.
The financial leverage ratio measures the company's level of debt relative to its equity, indicating the proportion of funds provided by creditors versus shareholders. A ratio above 1 suggests that the company relies more on debt financing than equity financing. The fluctuations in Apogee Enterprises Inc's financial leverage ratio may imply varying degrees of leverage and financial risk over the analyzed period. It is essential for investors and stakeholders to closely monitor these changes to understand the company's capital structure and its ability to meet financial obligations.