Advance Auto Parts Inc (AAP)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 10,798,100 | 12,276,300 | 11,986,400 | 12,194,200 | 11,839,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,798,100K
= 0.00
The debt-to-assets ratio of Advance Auto Parts Inc has been consistently reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during these periods. A debt-to-assets ratio of 0.00 typically suggests that the company may be primarily financed by equity rather than debt. This could signal a strong financial position and lower financial risk, as the company is not relying on borrowed funds to finance its operations or expansions. However, it's important to consider other financial metrics and factors when assessing the overall financial health and stability of the company.
Peer comparison
Dec 31, 2024