Advance Auto Parts (BUE:AAP) Interest Expense : ARS-62,085 Mil (TTM As of Sep. 2024)

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What is Advance Auto Parts Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advance Auto Parts's interest expense for the three months ended in Sep. 2024 was ARS -17,874 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ARS-62,085 Mil.

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. Advance Auto Parts's Operating Income for the three months ended in Sep. 2024 was ARS 383 Mil. Advance Auto Parts's Interest Expense for the three months ended in Sep. 2024 was ARS -17,874 Mil. Advance Auto Parts's Interest Coverage for the quarter that ended in Sep. 2024 was 0.02. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Advance Auto Parts Interest Expense Historical Data

The historical data trend for Advance Auto Parts's Interest Expense 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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Advance Auto Parts Interest Expense Chart

Advance Auto Parts Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2,384.85

-3,815.58

-3,816.51

-8,560.21

-31,787.86

Advance Auto Parts Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-6,780.28	-6,536.63	-20,957.19	-16,717.19	-17,874.15

Advance Auto Parts Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ARS-62,085 Mil.

Advance Auto Parts (BUE:AAP) Interest Expense Explanation

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

Advance Auto Parts's Interest Expense for the three months ended in Sep. 2024 was ARS-17,874 Mil. Its Operating Income for the three months ended in Sep. 2024 was ARS383 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ARS3,618,454 Mil.

Advance Auto Parts's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	383.051	/	-17874.152
	=	0.02

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

Advance Auto Parts Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Advance Auto Parts Inc (BUE:AAP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AAP:USA AAP:Mexico 0H9G:UK AWN:Germany AWN:Germany A1AP34:Brazil

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 55% of the firm's sales are geared toward the professional channel, with the remaining 45% going to the do-it-yourself market. Through its vast store footprint and distribution network, Advance manages thousands of stock-keeping units conducive to 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.