Apogee Enterprises Inc (APOG)

Based on the data provided, Apogee Enterprises Inc's interest coverage has shown fluctuations over the past five years. The interest coverage ratio measures the company's ability to cover its interest expenses with its operating income. In Mar 2, 2024, the interest coverage ratio was 17.18, indicating that the company generated operating income sufficient to cover its interest expenses approximately 17 times. This represents a healthy level of coverage.

Comparing this to previous years, we see a positive trend in the interest coverage ratio. In Feb 25, 2023, the ratio was 14.83, showing a slight improvement from the previous year. However, in Feb 26, 2022, the ratio dropped significantly to 4.04, which could indicate potential financial strain as the company's ability to cover interest expenses decreased substantially.

In the following year, the interest coverage ratio improved to 5.05 on Feb 27, 2021, suggesting a recovery in the company's ability to cover its interest obligations. This positive trend continued into Feb 29, 2020, with an interest coverage ratio of 9.65, indicating a further strengthening of the company's financial position.

Overall, the upward trend in the interest coverage ratio over the past two years is a positive sign, showing that Apogee Enterprises Inc's operating income has been sufficient to cover its interest expenses more effectively. However, it is important for the company to maintain or improve this ratio in the future to ensure continued financial stability.