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 69.7%. Its total assets and total liabilities are $12.2B and $9.6B respectively. Advance Auto Parts's EBIT is $102.5M making its interest coverage ratio 1.2. It has cash and short-term investments of $451.0M.
Key information
69.7%
Debt to equity ratio
US$1.79b
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$451.00m |
| Equity | US$2.56b |
| Total liabilities | US$9.64b |
| Total assets | US$12.20b |
Recent financial health updates
Here's Why Advance Auto Parts (NYSE:AAP) Is Weighed Down By Its Debt Load
Jul 01
Advance Auto Parts (NYSE:AAP) Use Of Debt Could Be Considered Risky
Nov 01These 4 Measures Indicate That Advance Auto Parts (NYSE:AAP) Is Using Debt Extensively
May 17Recent updates
A Look At The Intrinsic Value Of Advance Auto Parts, Inc. (NYSE:AAP)
Aug 11Advance Auto Parts: Value Over Everything
Aug 02Advance Auto Parts, Inc.'s (NYSE:AAP) Share Price Could Signal Some Risk
Jul 15Here's Why Advance Auto Parts (NYSE:AAP) Is Weighed Down By Its Debt Load
Jul 01Advance Auto Parts (NYSE:AAP) Is Paying Out A Dividend Of $0.25
Jun 18Is It Time To Consider Buying Advance Auto Parts, Inc. (NYSE:AAP)?
Jun 15Advance Auto Parts (NYSE:AAP) Is Due To Pay A Dividend Of $0.25
Jun 01Advance Auto Parts: A Messy Q1 Adds To Credibility Challenges
May 31Third Point - Advance Auto Parts: Worldpac Sale A Near-Term Catalyst To Unlock Significant Value
May 02Advance 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 17Financial Position Analysis
Short Term Liabilities: AAP's short term assets ($6.3B) exceed its short term liabilities ($5.2B).
Long Term Liabilities: AAP's short term assets ($6.3B) exceed its long term liabilities ($4.4B).
Debt to Equity History and Analysis
Debt Level: AAP's net debt to equity ratio (52.1%) is considered high.
Reducing Debt: AAP's debt to equity ratio has increased from 21.1% to 69.7% over the past 5 years.
Debt Coverage: AAP's debt is well covered by operating cash flow (37.6%).
Interest Coverage: AAP's interest payments on its debt are not well covered by EBIT (1.2x coverage).