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 68.6%. Its total assets and total liabilities are $12.3B and $9.7B respectively. Advance Auto Parts's EBIT is $48.3M making its interest coverage ratio 0.6. It has cash and short-term investments of $479.4M.
Key information
68.6%
Debt to equity ratio
US$1.79b
Debt
| Interest coverage ratio | 0.6x |
| Cash | US$479.42m |
| Equity | US$2.61b |
| Total liabilities | US$9.68b |
| Total assets | US$12.29b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: A1AP34's short term assets ($6.5B) exceed its short term liabilities ($5.3B).
Long Term Liabilities: A1AP34's short term assets ($6.5B) exceed its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: A1AP34's net debt to equity ratio (50.2%) is considered high.
Reducing Debt: A1AP34's debt to equity ratio has increased from 20.3% to 68.6% over the past 5 years.
Debt Coverage: A1AP34's debt is well covered by operating cash flow (30.3%).
Interest Coverage: A1AP34's interest payments on its debt are not well covered by EBIT (0.6x coverage).