AutoZone Balance Sheet Health
Financial Health criteria checks 2/6
AutoZone has a total shareholder equity of $-4.8B and total debt of $8.6B, which brings its debt-to-equity ratio to -178.4%. Its total assets and total liabilities are $16.7B and $21.6B respectively. AutoZone's EBIT is $3.7B making its interest coverage ratio 9.7. It has cash and short-term investments of $357.4M.
Key information
-178.4%
Debt to equity ratio
US$8.63b
Debt
Interest coverage ratio | 9.7x |
Cash | US$357.41m |
Equity | -US$4.84b |
Total liabilities | US$21.55b |
Total assets | US$16.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZ5 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AZ5 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: AZ5 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AZ5's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AZ5's debt is well covered by operating cash flow (35.4%).
Interest Coverage: AZ5's interest payments on its debt are well covered by EBIT (9.7x coverage).