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
Subdued Growth No Barrier To AutoZone, Inc.'s (NYSE:AZO) Price
Nov 19
AutoZone, Inc. (NYSE:AZO) Just Released Its Full-Year Earnings: Here's What Analysts Think
Nov 01Is AutoZone, Inc. (NYSE:AZO) Trading At A 20% Discount?
Oct 13AutoZone: Buy On Weakness Pattern (Technical Analysis)
Oct 03AutoZone: Likely To Remain A Long-Term Winner
Sep 25AutoZone: Buybacks Increase As Sales Slow - A Conservative Approach To Challenging Times
Aug 27Many Would Be Envious Of AutoZone's (NYSE:AZO) Excellent Returns On Capital
Aug 25AutoZone Is Now One Of My Largest Positions - Here's Why
Aug 01Investors Appear Satisfied With AutoZone, Inc.'s (NYSE:AZO) Prospects
Jul 20A Look At The Fair Value Of AutoZone, Inc. (NYSE:AZO)
Jul 02AutoZone (NYSE:AZO) Strong Profits May Be Masking Some Underlying Issues
Jun 14Aging Cars, Soaring Profits: How AutoZone Is Crushing The Consumer Market
May 28AutoZone: Continuing On The Path To Success
May 16If EPS Growth Is Important To You, AutoZone (NYSE:AZO) Presents An Opportunity
May 11AutoZone: Solid Parts, But Valuation Needs A Tune-Up
Apr 08AutoZone, Inc. (NYSE:AZO) Investors Are Less Pessimistic Than Expected
Apr 05A Look At The Fair Value Of AutoZone, Inc. (NYSE:AZO)
Mar 05AutoZone (NYSE:AZO) Is Aiming To Keep Up Its Impressive Returns
Feb 16AutoZone: An Intriguing Growth Stock For The Watch List
Feb 10Here's Why AutoZone (NYSE:AZO) Has Caught The Eye Of Investors
Jan 29AutoZone Fiscal Q1: Firmly In The Zone, But Don't Chase
Dec 05AutoZone: This Is What Investors Should Be Watching For In The Period Ahead
Nov 29A Look At The Intrinsic Value Of AutoZone, Inc. (NYSE:AZO)
Nov 28AutoZone (NYSE:AZO) Knows How To Allocate Capital
Nov 10AutoZone Has Proven Formula To Outperformance, But There Are Risks
Nov 02Do AutoZone's (NYSE:AZO) Earnings Warrant Your Attention?
Oct 23AutoZone: So Good, It Drives Me Nuts
Oct 15AutoZone: Why A Dividend Could Be In Its Future
Sep 27AutoZone: Set Up For Another Good Decade
Sep 07Estimating The Fair Value Of AutoZone, Inc. (NYSE:AZO)
Aug 20AutoZone: Durable And Cheap
Aug 08AutoZone: Running On All Cylinders
Jul 30Investors Shouldn't Overlook The Favourable Returns On Capital At AutoZone (NYSE:AZO)
Jul 08There's More To Find Under The Hood At AutoZone
Jun 28The Power Of Buybacks: AutoZone's Dividend-Free Advantage
Jun 14A Trading Opportunity Emerges In AutoZone
May 23Calculating The Fair Value Of AutoZone, Inc. (NYSE:AZO)
May 22AutoZone (NYSE:AZO) Looks To Prolong Its Impressive Returns
Apr 03Is Now The Time To Put AutoZone (NYSE:AZO) On Your Watchlist?
Feb 19A Look At The Intrinsic Value Of AutoZone, Inc. (NYSE:AZO)
Feb 01AutoZone: Uncertain Prospects In An EV Future
Jan 13AutoZone (NYSE:AZO) Knows How To Allocate Capital
Jan 03AutoZone, Inc.'s (NYSE:AZO) CEO Looks Like They Deserve Their Pay Packet
Dec 08AutoZone: Where To Buy Old Faithful
Dec 06Financial 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).