Apogee Enterprises Inc (APOG)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 113,118 | 134,671 | 140,248 | 133,957 | 129,333 | 153,233 | 164,420 | 161,430 | 158,152 | 138,438 | 120,026 | 121,020 | 121,750 | 128,083 | 132,941 | 130,086 | 127,783 | 85,929 | 45,042 | 27,789 |
| Interest expense (ttm) | US$ in thousands | 6,159 | 4,903 | 4,808 | 5,122 | 6,126 | 6,087 | 7,368 | 7,950 | 8,532 | 8,468 | 9,178 | 9,732 | 10,286 | 9,818 | 8,576 | 7,192 | 5,808 | 5,038 | 5,063 | 4,385 |
| Interest coverage | 18.37 | 27.47 | 29.17 | 26.15 | 21.11 | 25.17 | 22.32 | 20.31 | 18.54 | 16.35 | 13.08 | 12.44 | 11.84 | 13.05 | 15.50 | 18.09 | 22.00 | 17.06 | 8.90 | 6.34 |
February 28, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $113,118K ÷ $6,159K
= 18.37
Based on the data provided, the interest coverage ratio of Apogee Enterprises Inc has shown fluctuations over the given time periods. The interest coverage ratio is a measure of a company's ability to cover its interest expenses with its operating income.
The interest coverage ratio for Apogee Enterprises Inc ranged from a low of 6.34 on May 28, 2022, to a high of 29.17 on August 31, 2024. Generally, a higher interest coverage ratio indicates a stronger ability to meet interest obligations from operating earnings.
Throughout the periods, the interest coverage ratio fluctuated, indicating changes in the company's ability to cover its interest expenses. It is important to note that a higher interest coverage ratio is preferred by investors and creditors as it suggests that the company is in a better position to meet its debt obligations.
Overall, Apogee Enterprises Inc's interest coverage ratio has shown variability over the given time periods, reflecting fluctuations in the company's ability to service its interest payments from its operating income. An upward trend in the interest coverage ratio indicates an improvement in the company's financial health in terms of its ability to handle its interest payments.