Advance Auto Parts Inc (AAP)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | 1,518,770 | — | 1,706,400 | — | 1,784,180 | — | — | 998,000 | — | — | — | — | — | 1,103,630 | — |
| Total assets | US$ in thousands | 10,798,100 | 12,468,200 | 12,289,800 | 12,201,100 | 13,000,800 | 12,249,200 | 12,248,900 | 12,299,200 | 12,304,400 | 12,177,300 | 12,182,200 | 11,986,400 | 12,129,300 | 12,132,100 | 12,138,000 | 12,002,500 | 12,002,500 | 12,194,200 | 11,864,200 | 11,864,200 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 | 0.14 | 0.00 | 0.15 | 0.00 | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 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 for Advance Auto Parts Inc fluctuated over the reported periods, indicating the company's varying levels of leverage. The ratio stood at 0.00 as of September 30, 2021, December 31, 2021, March 31, 2022, April 23, 2022, June 30, 2022, September 30, 2022, December 31, 2022, March 31, 2023, June 30, 2023, September 30, 2023, and December 31, 2023, suggesting that the company had minimal or no debt relative to its assets during those periods.
Notably, the ratio increased to 0.09 on October 9, 2021, indicating a small portion of debt in relation to assets at that time. Additionally, the ratio spiked at 0.15 on April 22, 2023, signaling a higher level of debt compared to the company's assets during that particular quarter.
The subsequent periods saw the company managing its debt levels effectively, as the ratio decreased to 0.08 on October 8, 2022, and further to 0.12 on October 7, 2023. This reduction in leverage suggests Advance Auto Parts Inc improved its debt management strategies during those quarters.
Overall, the debt-to-assets ratio for Advance Auto Parts Inc remained relatively low across most periods, indicating a conservative approach to financing its operations with debt. However, the fluctuations in the ratio highlight the importance of monitoring and managing debt levels to ensure long-term financial stability and efficiency in capital structure management.
Peer comparison
Dec 31, 2024