Advance Auto Parts Inc (AAP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,169,940 | 2,597,680 | 2,606,750 | 2,564,650 | 2,519,730 | 2,566,340 | 2,646,870 | 2,642,650 | 2,723,190 | 2,562,720 | 2,636,160 | 2,599,190 | 2,719,550 | 2,716,080 | 2,794,810 | 2,909,680 | 2,909,680 | 3,128,290 | 3,196,540 | 3,196,540 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.37 | 0.00 | 0.39 | 0.00 | 0.41 | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,169,940K)
= 0.00
The debt-to-capital ratio of Advance Auto Parts Inc fluctuated over the data period provided. The ratio was consistently at 0.00 from September 30, 2021, to December 31, 2021. However, it saw an increase to 0.26 on October 9, 2021, which indicates that 26% of the company's capital was funded by debt at that time.
Subsequently, the ratio returned to 0.00 from December 31, 2021, to April 23, 2022. There was a brief spike to 0.27 on October 8, 2022, suggesting an increase in the proportion of debt in the company's capital structure, but it returned to 0.00 in subsequent quarters.
A notable increase occurred on April 22, 2023, with the debt-to-capital ratio reaching 0.41, indicating that 41% of the company's capital was debt-funded at that time. The ratio decreased in the following quarters but remained above 0.00, indicating some level of debt utilization in the capital structure.
Overall, the debt-to-capital ratio of Advance Auto Parts Inc showed variability during the period analyzed, with some quarters having significant debt contributions to the company's capital structure. It is essential for stakeholders to monitor this ratio to assess the company's leverage and risk levels.
Peer comparison
Dec 31, 2024