AutoZone (WBO:AZO) Debt-to-Equity : -2.45 (As of Feb. 2024)

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What is AutoZone Debt-to-Equity?

AutoZone's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €275 Mil. AutoZone's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €10,690 Mil. AutoZone's Total Stockholders Equity for the quarter that ended in Feb. 2024 was €-4,484 Mil. AutoZone's debt to equity for the quarter that ended in Feb. 2024 was -2.45.

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 AutoZone's Debt-to-Equity or its related term are showing as below:

WBO:AZO' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.46 Med: -2.91 Max: -2.26
Current: -2.45

During the past 13 years, the highest Debt-to-Equity Ratio of AutoZone was -2.26. The lowest was -9.46. And the median was -2.91.

WBO:AZO's Debt-to-Equity is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.64 vs WBO:AZO: -2.45

AutoZone Debt-to-Equity Historical Data

The historical data trend for AutoZone'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.

AutoZone Debt-to-Equity Chart

AutoZone Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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-3.07

-9.46

-4.58

-2.63

-2.51

AutoZone Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-2.43	-2.44	-2.51	-2.26	-2.45

Competitive Comparison of AutoZone's Debt-to-Equity

For the Specialty Retail subindustry, AutoZone'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.

AutoZone's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, AutoZone's Debt-to-Equity distribution charts can be found below:

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

AutoZone Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AutoZone's Debt to Equity Ratio for the fiscal year that ended in Aug. 2023 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
	=	(315.606	+	9706.991)	/	-3988.853
	=	-2.51

AutoZone's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(274.864	+	10690.339)	/	-4484.197
	=	-2.45

AutoZone (WBO:AZO) 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.

AutoZone Debt-to-Equity Related Terms

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AutoZone (WBO:AZO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AutoZone Inc (WBO:AZO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AZO:USA AZO:Mexico AZ5:Germany AZOI34:Brazil

Address

123 South Front Street, Memphis, TN, USA, 38103

Website

https://www.autozone.com

AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 7,140 stores in the U.S. (6,300), Mexico (740), and Brazil (100) as of the end of fiscal 2023.