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APOG (Apogee Enterprises) Current Ratio : 1.65 (As of Aug. 2024)


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What is Apogee Enterprises Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Apogee Enterprises's current ratio for the quarter that ended in Aug. 2024 was 1.65.

Apogee Enterprises has a current ratio of 1.65. It generally indicates good short-term financial strength.

The historical rank and industry rank for Apogee Enterprises's Current Ratio or its related term are showing as below:

APOG' s Current Ratio Range Over the Past 10 Years
Min: 0.86   Med: 1.7   Max: 2.2
Current: 1.65

During the past 13 years, Apogee Enterprises's highest Current Ratio was 2.20. The lowest was 0.86. And the median was 1.70.

APOG's Current Ratio is ranked better than
55.43% of 1712 companies
in the Construction industry
Industry Median: 1.54 vs APOG: 1.65

Apogee Enterprises Current Ratio Historical Data

The historical data trend for Apogee Enterprises's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Apogee Enterprises Current Ratio Chart

Apogee Enterprises Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 1.61 1.45 1.58 1.47

Apogee Enterprises Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.68 1.57 1.47 1.64 1.65

Competitive Comparison of Apogee Enterprises's Current Ratio

For the Building Products & Equipment subindustry, Apogee Enterprises's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Apogee Enterprises's Current Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, Apogee Enterprises's Current Ratio distribution charts can be found below:

* The bar in red indicates where Apogee Enterprises's Current Ratio falls into.



Apogee Enterprises Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Apogee Enterprises's Current Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Current Ratio (A: Feb. 2024 )=Total Current Assets (A: Feb. 2024 )/Total Current Liabilities (A: Feb. 2024 )
=358.639/244.705
=1.47

Apogee Enterprises's Current Ratio for the quarter that ended in Aug. 2024 is calculated as

Current Ratio (Q: Aug. 2024 )=Total Current Assets (Q: Aug. 2024 )/Total Current Liabilities (Q: Aug. 2024 )
=393.788/238.849
=1.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Apogee Enterprises  (NAS:APOG) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Apogee Enterprises Current Ratio Related Terms

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Apogee Enterprises Business Description

Traded in Other Exchanges
Address
4400 West 78th Street, Suite 520, Minneapolis, MN, USA, 55435
Apogee Enterprises Inc provider of architectural products and services for enclosing buildings, and high-performance glass and acrylic products used in applications for preservation, protection, and enhanced viewing. Its segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates, and finishes the aluminum frames used in customized aluminum and glass windows, curtainwall, storefront, and entrance systems comprising the outside skin and entrances of commercial, institutional, and others. Geographically, it derives a majority of its revenue from the United States.
Executives
Brent C Jewell officer: Sr VP Business Dev & Strategy 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Ty R Silberhorn director, officer: Chief Executive Officer & Pres 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Lloyd Emerson Johnson director 16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277
Curtis John Dobler officer: SVP & CHRO 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Herbert K Parker director 38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Troy R Johnson officer: Pres, Architectural Services C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Meghan Marie Elliott officer: Vice Pres, Gen Counsel, Secy C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Jane Marie Boyce officer: President, Large Scale Optical 4400 W 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Matthew J Osberg officer: EVP and CFO 1 HELEN OF TROY PLAZA, EL PASO TX 79912
Gary R Johnson officer: Treasurer & Vice President
Mark Richard Augdahl officer: VP, Finance & Corp Controller 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Nicholas Charles Longman officer: Pres, Architectural Glass C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Bernard P Aldrich director 7725 WASHINGTON AVENUE SOUTH, MINNEAPOLIS MN 55439
Joseph F. Puishys director, officer: Chief Executive Officer & Pres 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435
Maureen Ann Hayes officer: Chief Information Officer 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435

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