Apogee Enterprises Inc (APOG)
Financial leverage ratio
| Mar 2, 2024 | Feb 25, 2023 | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 884,064 | 915,365 | 887,863 | 1,015,100 | 1,128,990 |
| Total stockholders’ equity | US$ in thousands | 471,025 | 396,408 | 386,199 | 492,745 | 516,778 |
| Financial leverage ratio | 1.88 | 2.31 | 2.30 | 2.06 | 2.18 |
March 2, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $884,064K ÷ $471,025K
= 1.88
The financial leverage ratio for Apogee Enterprises Inc has exhibited fluctuations over the past five years. In the most recent fiscal year ending on March 2, 2024, the ratio stood at 1.88, a decrease compared to the previous year's ratio of 2.31. The trend indicates that the company has reduced its financial leverage, which could suggest a lower reliance on debt financing in the most recent year.
Compared to two years ago, where the financial leverage ratio was at 2.30, the current ratio of 1.88 indicates a significant improvement in the company's leverage position. However, it is worth noting that in the fiscal year ending on February 29, 2020, the ratio was at 2.18, indicating that there was a period of increased leverage in the company's capital structure.
Overall, the decreasing trend in the financial leverage ratio over the past two years may suggest that Apogee Enterprises Inc has been actively managing its debt levels, potentially leading to a more stable and sustainable financial position. However, further analysis of the company's debt composition and overall financial health would be necessary to fully evaluate the implications of these changes in the leverage ratio.