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Apogee Enterprises Financial Strength

: 6 (As of May. 2022)
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Apogee Enterprises has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Apogee Enterprises's Interest Coverage for the quarter that ended in May. 2022 was 27.54. Apogee Enterprises's debt to revenue ratio for the quarter that ended in May. 2022 was 0.22. As of today, Apogee Enterprises's Altman Z-Score is 3.18.


Competitive Comparison

For the Building Products & Equipment subindustry, Apogee Enterprises's Financial Strength, along with its competitors' market caps and Financial Strength 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 Financial Strength Distribution

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

* The bar in red indicates where Apogee Enterprises's Financial Strength falls into.



Apogee Enterprises Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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:

Apogee Enterprises's Interest Expense for the months ended in May. 2022 was $-1 Mil. Its Operating Income for the months ended in May. 2022 was $33 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2022 was $298 Mil.

Apogee Enterprises's Interest Coverage for the quarter that ended in May. 2022 is

Interest Coverage=-1*Operating Income (Q: May. 2022 )/Interest Expense (Q: May. 2022 )
=-1*33.216/-1.206
=27.54

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Apogee Enterprises's Debt to Revenue Ratio for the quarter that ended in May. 2022 is

Debt to Revenue Ratio=Total Debt (Q: May. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(12.178 + 297.978) / 1426.54
=0.22

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Apogee Enterprises has a Z-score of 3.18, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 3.18 is strong.

* 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) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Apogee Enterprises has the Financial Strength Rank of 6.


Apogee Enterprises Financial Strength Related Terms

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


Apogee Enterprises Business Description

Apogee Enterprises logo
Traded in Other Exchanges
Address
4400 West 78th Street, Suite 520, Minneapolis, MN, USA, 55435
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
Longman Nicholas Charles officer: Pres, Architectural Glass C/O APOGEE ENTERPRISES, INC. 4400 WEST 78TH STREET, SUITE 520 MINNEAPOLIS MN 55435
Johnson Troy R officer: Pres, Architectural Services C/O APOGEE ENTERPRISES, INC. 4400 WEST 78TH STREET, SUITE 520 MINNEAPOLIS MN 55435
Silberhorn Ty R director, officer: Chief Executive Officer & Pres 3M COMPANY OFFICE OF GENERAL COUNSEL 3M CENTER ST PAUL MN 55144-1000
Aldrich Bernard P director 7725 WASHINGTON AVENUE SOUTH MINNEAPOLIS MN 55439
Hayes Maureen Ann officer: Chief Information Officer 4400 WEST 78TH STREET SUITE 520 MINNEAPOLIS MN 55435
Gupta Nisheet officer: EVP and CFO C/O APOGEE ENTERPRISES, INC. 4400 WEST 78TH STREET, SUITE 520 MINNEAPOLIS MN 55435
Elliott Meghan Marie officer: Vice Pres, Gen Counsel, Secy C/O APOGEE ENTERPRISES, INC. 4400 WEST 78TH STREET, SUITE 520 MINNEAPOLIS MN 55435
Alvord Christina M director 1200 URBAN CENTER DRIVE BIRMINGHAM AL 35242
Lilly Elizabeth Murphy director APOGEE ENTERPRISES, INC. 4400 WEST 78TH STREET, SUITE 520 MINNEAPOLIS MN 55435
Heard Frank director 3556 LAKE SHORE ROAD P.O. BOX 2028 BUFFALO NY 14219
Sachs Gregory Joel officer: Chief Procurement Officer APOGEE ENTERPRISES, INC. 4400 WEST 78TH STREET, SUITE 520 MINNEAPOLIS MN 55435
Dobler Curtis John officer: SVP & CHRO 4400 WEST 78TH STREET SUITE 520 MINNEAPOLIS MN 55435
Pompa Mark A director 301 MERRITT SEVEN 6TH FLOOR NORWALK CT 06851
Jewell Brent C officer: Sr VP Business Dev & Strategy 4400 WEST 78TH STREET SUITE 520 MINNEAPOLIS MN 55435
Parker Herbert K director 38505 WOODWARD AVENUE SUITE 200 BLOOMFIELD HILLS MI 48304

Apogee Enterprises Headlines

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