Advance Auto Parts Balance Sheet Health
Financial Health criteria checks 2/6
Advance Auto Parts has a total shareholder equity of $2.5B and total debt of $1.8B, which brings its debt-to-equity ratio to 70.9%. Its total assets and total liabilities are $12.3B and $9.8B respectively. Advance Auto Parts's EBIT is $114.4M making its interest coverage ratio 1.3. It has cash and short-term investments of $503.5M.
Key information
70.9%
Debt to equity ratio
US$1.79b
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$503.47m |
| Equity | US$2.52b |
| Total liabilities | US$9.76b |
| Total assets | US$12.28b |
Recent financial health updates
Advance Auto Parts (NYSE:AAP) Use Of Debt Could Be Considered Risky
Nov 01
These 4 Measures Indicate That Advance Auto Parts (NYSE:AAP) Is Using Debt Extensively
May 17Is Advance Auto Parts (NYSE:AAP) A Risky Investment?
Feb 02Recent updates
Advance Auto Parts: Can The New Management Deliver?
Apr 13Advance Auto Parts' Q4 Earnings: A First Step To Get Back On Track
Feb 29Advanced Auto Parts: Broken Down But Repairs Being Made
Dec 17Advance Auto Parts: The New Normal
Nov 27At US$55.94, Is Advance Auto Parts, Inc. (NYSE:AAP) Worth Looking At Closely?
Nov 14Advance Auto Parts (NYSE:AAP) Use Of Debt Could Be Considered Risky
Nov 01Advance Auto Parts: Cheap For A Reason And An Uncertain Future
Oct 31Advance Auto Parts: Another Retailer Stuck Between 'A Rock And A Hard Place'
Oct 17Credit Downgrade Could Worsen Advance Auto Parts' Cash Flow Problem
Sep 14Be Wary Of Advance Auto Parts (NYSE:AAP) And Its Returns On Capital
Sep 04Advance Auto Parts: Attractive Valuation After Losing Half Its Value In 2023
Aug 09Advance Auto Parts: Its Mediocrity Is Unsustainable
Jul 20Advance Auto Parts: A Quick Recovery Won't Be Easy
Jul 13Advance Auto Parts: Better Safe Than Sorry
Jul 05There Are Reasons To Feel Uneasy About Advance Auto Parts' (NYSE:AAP) Returns On Capital
Jun 01Advance Auto Parts Q1 Earnings: Too Many Headwinds, Avoid
May 31Advance Auto Parts: Shares Have Fallen Too Far
May 23These 4 Measures Indicate That Advance Auto Parts (NYSE:AAP) Is Using Debt Extensively
May 17Why Advance Auto Parts, Inc. (NYSE:AAP) Could Be Worth Watching
Mar 31Advance Auto Parts, Inc. (NYSE:AAP) Shares Could Be 31% Below Their Intrinsic Value Estimate
Mar 16Advance Auto Parts (NYSE:AAP) Has More To Do To Multiply In Value Going Forward
Feb 18Is Advance Auto Parts (NYSE:AAP) A Risky Investment?
Feb 02When Should You Buy Advance Auto Parts, Inc. (NYSE:AAP)?
Dec 19Advance Auto Parts goes ex-dividend tomorrow
Dec 14Is Advance Auto Parts, Inc. (NYSE:AAP) Trading At A 41% Discount?
Dec 04Advance Auto Parts' (NYSE:AAP) Returns Have Hit A Wall
Nov 17Advance Auto Parts Q3 2022 Earnings Preview
Nov 14We Think Advance Auto Parts (NYSE:AAP) Is Taking Some Risk With Its Debt
Nov 01Advance Auto Parts Can Drive Higher Even In A Recession
Oct 15Advance Auto Parts goes ex-dividend tomorrow
Sep 15Is There Now An Opportunity In Advance Auto Parts, Inc. (NYSE:AAP)?
Sep 13Advance Auto Parts, Inc. (NYSE:AAP) Shares Could Be 49% Below Their Intrinsic Value Estimate
Aug 29Advance Auto Parts Q2 2022 Earnings Preview
Aug 22Here's Why Advance Auto Parts (NYSE:AAP) Has A Meaningful Debt Burden
Aug 02Advance Auto Parts' (NYSE:AAP) Returns On Capital Not Reflecting Well On The Business
Jul 19Financial Position Analysis
Short Term Liabilities: AAP's short term assets ($6.4B) exceed its short term liabilities ($5.3B).
Long Term Liabilities: AAP's short term assets ($6.4B) exceed its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: AAP's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: AAP's debt to equity ratio has increased from 30% to 70.9% over the past 5 years.
Debt Coverage: AAP's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: AAP's interest payments on its debt are not well covered by EBIT (1.3x coverage).