AutoZone Balance Sheet Health
Financial Health criteria checks 2/6
AutoZone has a total shareholder equity of $-4.7B and total debt of $9.0B, which brings its debt-to-equity ratio to -190%. Its total assets and total liabilities are $17.2B and $21.9B respectively. AutoZone's EBIT is $3.8B making its interest coverage ratio 8.4. It has cash and short-term investments of $336.6M.
Key information
-190.0%
Debt to equity ratio
US$9.02b
Debt
| Interest coverage ratio | 8.4x |
| Cash | US$336.60m |
| Equity | -US$4.75b |
| Total liabilities | US$21.93b |
| Total assets | US$17.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AZO * has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: AZO * 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: AZO * has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: AZO *'s has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: AZO *'s debt is well covered by operating cash flow (33.3%).
Interest Coverage: AZO *'s interest payments on its debt are well covered by EBIT (8.4x coverage).