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APOG (Apogee Enterprises) Interest Coverage : 36.81 (As of Aug. 2024)


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What is Apogee Enterprises Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Apogee Enterprises's Operating Income for the three months ended in Aug. 2024 was $42 Mil. Apogee Enterprises's Interest Expense for the three months ended in Aug. 2024 was $-1 Mil. Apogee Enterprises's interest coverage for the quarter that ended in Aug. 2024 was 36.81. The higher the ratio, the stronger the company's financial strength is.

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

APOG' s Interest Coverage Range Over the Past 10 Years
Min: 8.7   Med: 20.88   Max: 164.24
Current: 35.78


APOG's Interest Coverage is ranked better than
75.21% of 1291 companies
in the Construction industry
Industry Median: 7.13 vs APOG: 35.78

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Apogee Enterprises Interest Coverage Historical Data

The historical data trend for Apogee Enterprises's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Apogee Enterprises Interest Coverage Chart

Apogee Enterprises Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.97 21.69 18.99 16.42 20.07

Apogee Enterprises Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Interest Coverage 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 18.19 25.89 23.04 91.96 36.81

Competitive Comparison of Apogee Enterprises's Interest Coverage

For the Building Products & Equipment subindustry, Apogee Enterprises's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution in the Construction Industry

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

* The bar in red indicates where Apogee Enterprises's Interest Coverage falls into.



Apogee Enterprises Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

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

Here, for the fiscal year that ended in Feb. 2024, Apogee Enterprises's Interest Expense was $-7 Mil. Its Operating Income was $134 Mil. And its Long-Term Debt & Capital Lease Obligation was $94 Mil.

Interest Coverage=-1* Operating Income (A: Feb. 2024 )/Interest Expense (A: Feb. 2024 )
=-1*133.833/-6.669
=20.07

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

Here, for the three months ended in Aug. 2024, Apogee Enterprises's Interest Expense was $-1 Mil. Its Operating Income was $42 Mil. And its Long-Term Debt & Capital Lease Obligation was $95 Mil.

Interest Coverage=-1* Operating Income (Q: Aug. 2024 )/Interest Expense (Q: Aug. 2024 )
=-1*41.965/-1.14
=36.81

* 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.

The higher the ratio, the stronger the company's Financial Strength is.


Apogee Enterprises  (NAS:APOG) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Apogee Enterprises Interest Coverage Related Terms

Thank you for viewing the detailed overview of Apogee Enterprises's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.


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