Apogee Enterprises (Apogee Enterprises) Effective Interest Rate on Debt % : 3.50% (As of Nov. 2023)

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What is Apogee Enterprises Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Apogee Enterprises's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $6 Mil. Apogee Enterprises's average total debt for the quarter that ended in Nov. 2023 was $166 Mil. Therefore, Apogee Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 3.50%.

Apogee Enterprises Effective Interest Rate on Debt % Historical Data

The historical data trend for Apogee Enterprises's Effective Interest Rate on Debt % 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.

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Apogee Enterprises Effective Interest Rate on Debt % Chart

Apogee Enterprises Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Effective Interest Rate on Debt %

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3.51

3.40

1.77

1.70

3.56

Apogee Enterprises Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.78	3.72	3.80	4.42	3.50

Competitive Comparison of Apogee Enterprises's Effective Interest Rate on Debt %

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

For the Construction industry and Industrials sector, Apogee Enterprises's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Apogee Enterprises's Effective Interest Rate on Debt % falls into.

Apogee Enterprises Effective Interest Rate on Debt % Calculation

Apogee Enterprises's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * -7.66	/	( (215.335	+	214.715)	/ 2 )
=	-1 * -7.66	/	215.025
=	3.56 %

where

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	201.591	+	13.744
=	215.335

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	202.909	+	11.806
=	214.715

Apogee Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -5.816	/	( (189.805	+	142.571)	/ 2 )
=	-1 * -5.816	/	166.188
=	3.50 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	177.637	+	12.168
=	189.805

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	130.213	+	12.358
=	142.571

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Apogee Enterprises (NAS:APOG) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Apogee Enterprises Effective Interest Rate on Debt % Related Terms

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Apogee Enterprises (Apogee Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Apogee Enterprises Inc (NAS:APOG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

ANP:Germany

Address

4400 West 78th Street, Suite 520, Minneapolis, MN, USA, 55435

Website

https://www.apog.com

Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business 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 window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.

Executives

Curtis John Dobler	officer: SVP & CHRO	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
Brent C Jewell	officer: Sr VP Business Dev & Strategy	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
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
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
Nicholas Charles Longman	officer: Pres, Architectural Glass	C/O APOGEE ENTERPRISES, INC., 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
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
Nisheet Gupta	officer: EVP and CFO	C/O APOGEE ENTERPRISES, INC., 4400 WEST 78TH STREET, SUITE 520, MINNEAPOLIS MN 55435