Advance Auto Parts Balance Sheet Health
Financial Health criteria checks 3/6
Advance Auto Parts has a total shareholder equity of $2.6B and total debt of $1.8B, which brings its debt-to-equity ratio to 68.9%. Its total assets and total liabilities are $12.5B and $9.9B respectively. Advance Auto Parts's EBIT is $139.8M making its interest coverage ratio 1.7. It has cash and short-term investments of $464.5M.
Key information
68.9%
Debt to equity ratio
US$1.79b
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$464.49m |
| Equity | US$2.60b |
| Total liabilities | US$9.87b |
| Total assets | US$12.47b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A1AP34's short term assets ($7.5B) exceed its short term liabilities ($5.6B).
Long Term Liabilities: A1AP34's short term assets ($7.5B) exceed its long term liabilities ($4.3B).
Debt to Equity History and Analysis
Debt Level: A1AP34's net debt to equity ratio (51%) is considered high.
Reducing Debt: A1AP34's debt to equity ratio has increased from 21.6% to 68.9% over the past 5 years.
Debt Coverage: A1AP34's debt is well covered by operating cash flow (23.3%).
Interest Coverage: A1AP34's interest payments on its debt are not well covered by EBIT (1.7x coverage).