Apogee Enterprises Inc (APOG)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 884,064 | 894,855 | 908,579 | 921,199 | 915,365 | 918,446 | 948,974 | 906,950 | 887,863 | 982,091 | 976,453 | 990,703 | 1,015,100 | 1,085,980 | 1,054,500 | 1,071,620 | 1,128,990 | 1,149,790 | 1,138,830 | 1,132,240 |
| 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 |
| Financial leverage ratio | 1.88 | 1.96 | 2.10 | 2.25 | 2.31 | 2.43 | 2.66 | 2.77 | 2.30 | 2.07 | 2.05 | 1.99 | 2.06 | 1.98 | 2.00 | 2.13 | 2.18 | 2.23 | 2.26 | 2.33 |
March 2, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $884,064K ÷ $471,025K
= 1.88
The financial leverage ratio of Apogee Enterprises Inc has shown fluctuations over the past several quarters, indicating changes in the company's level of debt relative to its equity. The ratio has ranged from a low of 1.88 to a high of 2.77 during this time period, with an overall increasing trend.
A financial leverage ratio above 1 signifies that the company has more debt than equity, indicating a higher level of financial risk. Apogee's increasing trend in this ratio suggests that the company has been taking on more debt over time or experiencing challenges in generating sufficient profits to support its debt obligations.
It is crucial for stakeholders to closely monitor Apogee's financial leverage ratio, as higher levels of leverage can increase the company's vulnerability to economic downturns or interest rate fluctuations. Further analysis of the company's overall financial health and ability to manage its debt levels effectively is recommended to assess the potential impact on its long-term sustainability and growth prospects.