AutoZone (WBO:AZO) Equity-to-Asset

: -0.29 (As of Feb. 2024)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. AutoZone's Total Stockholders Equity for the quarter that ended in Feb. 2024 was €-4,484 Mil. AutoZone's Total Assets for the quarter that ended in Feb. 2024 was €15,497 Mil. Therefore, AutoZone's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was -0.29.

The historical rank and industry rank for AutoZone's Equity-to-Asset or its related term are showing as below:

WBO:AZO' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.32 Med: -0.2 Max: -0.06
Current: -0.29

During the past 13 years, the highest Equity to Asset Ratio of AutoZone was -0.06. The lowest was -0.32. And the median was -0.20.

WBO:AZO's Equity-to-Asset is ranked worse than
97.76% of 1116 companies
in the Retail - Cyclical industry
Industry Median: 0.44 vs WBO:AZO: -0.29

AutoZone Equity-to-Asset Historical Data

The historical data trend for AutoZone's Equity-to-Asset 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 Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Equity-to-Asset

-0.17

-0.06

-0.12

-0.23

-0.27

AutoZone Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Equity-to-Asset																-0.27	-0.28	-0.27	-0.32	-0.29

Competitive Comparison

For the Specialty Retail subindustry, AutoZone's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution

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

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

AutoZone Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

AutoZone's Equity to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-3988.853	/	14659.05
	=	-0.27

AutoZone's Equity to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	-4484.197	/	15497.265
	=	-0.29

AutoZone (WBO:AZO) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

AutoZone Equity-to-Asset Related Terms

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

AutoZone (WBO:AZO) Business Description

Industry

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

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.