Advance Auto Parts Inc (AAP)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,143,540 | 7,493,770 | 6,460,140 | 6,341,210 | 6,377,020 | 6,320,690 | 6,320,460 | 6,321,320 | 6,326,470 | 6,196,740 | 6,201,690 | 6,014,820 | 6,159,720 | 6,162,520 | 6,183,160 | 6,057,780 | 6,057,780 | 6,275,480 | 6,161,260 | 6,161,260 |
| Total current liabilities | US$ in thousands | 4,665,360 | 5,593,540 | 5,256,770 | 5,209,850 | 5,307,400 | 5,216,700 | 5,135,940 | 5,101,760 | 5,026,380 | 5,055,350 | 4,983,460 | 5,420,850 | 5,436,630 | 5,442,900 | 5,341,820 | 5,052,570 | 5,052,570 | 5,180,310 | 4,955,230 | 4,955,230 |
| Current ratio | 1.32 | 1.34 | 1.23 | 1.22 | 1.20 | 1.21 | 1.23 | 1.24 | 1.26 | 1.23 | 1.24 | 1.11 | 1.13 | 1.13 | 1.16 | 1.20 | 1.20 | 1.21 | 1.24 | 1.24 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,143,540K ÷ $4,665,360K
= 1.32
The current ratio is a liquidity ratio that measures a company's ability to cover its short-term obligations with its current assets. Advance Auto Parts Inc's current ratio has shown fluctuations over the reported periods.
The data indicates that Advance Auto Parts Inc's current ratio ranged between 1.11 and 1.34, with the highest value of 1.34 reported on September 30, 2024. This suggests that the company had $1.34 in current assets for every $1 in current liabilities at that point in time.
Overall, the current ratio of Advance Auto Parts Inc has generally been above 1, indicating that the company has had sufficient current assets to cover its current liabilities. However, it's also important to note that the ratio has experienced some variations over the periods which should be analyzed in conjunction with other financial metrics to assess the company's overall liquidity position effectively.
Peer comparison
Dec 31, 2024