Advance Auto Parts (LTS:0H9G) Debt-to-Equity : 1.70 (As of Dec. 2024)

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What is Advance Auto Parts Debt-to-Equity?

Advance Auto Parts's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0 Mil. Advance Auto Parts's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $3,686 Mil. Advance Auto Parts's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $2,170 Mil. Advance Auto Parts's debt to equity for the quarter that ended in Dec. 2024 was 1.70.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Advance Auto Parts's Debt-to-Equity or its related term are showing as below:

LTS:0H9G' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.82 Max: 1.7
Current: 1.7

During the past 13 years, the highest Debt-to-Equity Ratio of Advance Auto Parts was 1.70. The lowest was 0.30. And the median was 0.82.

LTS:0H9G's Debt-to-Equity is ranked worse than
88.51% of 1192 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs LTS:0H9G: 1.70

Advance Auto Parts Debt-to-Equity Historical Data

The historical data trend for Advance Auto Parts's Debt-to-Equity 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.

Advance Auto Parts Debt-to-Equity Chart

Advance Auto Parts Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.86

1.08

1.41

1.52

1.70

Advance Auto Parts Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															1.52	N/A	1.52	1.47	1.70

Competitive Comparison of Advance Auto Parts's Debt-to-Equity

For the Auto Parts subindustry, Advance Auto Parts's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Advance Auto Parts's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Advance Auto Parts's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Advance Auto Parts's Debt-to-Equity falls into.

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Advance Auto Parts Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advance Auto Parts's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	3686.326)	/	2169.942
	=	1.70

Advance Auto Parts's Debt to Equity Ratio for the quarter that ended in Dec. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	3686.326)	/	2169.942
	=	1.70

Advance Auto Parts (LTS:0H9G) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Advance Auto Parts Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Advance Auto Parts's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Advance Auto Parts Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Advance Auto Parts Inc (LTS:0H9G) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AAP:USA AAP:Mexico AWN:Germany A1AP34:Brazil AAP:Argentina

Address

4200 Six Forks Road, Raleigh, NC, USA, 27609

Website

https://www.advanceautoparts.com

Advance Auto Parts is a leading auto-parts retailer in North America with more than 4,000 store and branch locations. About 50% of the firm's sales are geared toward the professional channel, with the remaining sales in the do-it-yourself market. Through its vast store footprint and distribution network, Advance manages thousands of stock-keeping units for various vehicle makes and models. The retailer primarily competes on the basis of inventory availability and service speed, making the operating efficiency of its hub-and-spoke distribution model critical to meeting customer needs.

Advance Auto Parts Headlines

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