Apogee Enterprises Inc (APOG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,175,270 | 1,180,520 | 917,092 | 888,979 | 884,064 | 884,064 | 894,855 | 894,855 | 908,579 | 908,579 | 921,199 | 921,199 | 915,365 | 915,365 | 918,446 | 918,446 | 948,974 | 948,974 | 906,950 | 906,950 |
| 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 |
| Financial leverage ratio | 2.41 | 2.26 | 1.81 | 1.85 | 1.88 | 1.88 | 1.96 | 1.96 | 2.10 | 2.10 | 2.25 | 2.25 | 2.31 | 2.31 | 2.43 | 2.43 | 2.66 | 2.66 | 2.77 | 2.77 |
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 been on a decreasing trend over the past few years, indicating a reduction in the company's reliance on debt to finance its operations. The ratio stood at 2.77 in May 2022 and gradually declined to 1.81 in August 2024 before showing an uptick to 2.41 in February 2025.
A lower financial leverage ratio suggests that the company is using less debt relative to its equity, which can indicate a stronger financial position and lower financial risk. However, the increase in the ratio in the latest period may suggest a shift in the company's financing strategy towards more leverage.
Overall, it is important for investors and stakeholders to monitor the financial leverage ratio in conjunction with other financial metrics to assess the company's capital structure and financial health accurately.