Advance Auto Parts Inc (AAP)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.59 | 0.00 | 0.65 | 0.00 | 0.70 | 0.00 | 0.00 | 0.37 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.35 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,169,940K
= 0.00
Advance Auto Parts Inc's debt-to-equity ratio has fluctuated over the past quarters. As of December 2023, the ratio stood at 0.00, indicating that the company had no debt relative to its equity. However, in April 2023, the ratio spiked to 0.70, suggesting a substantial increase in debt compared to equity. Subsequently, the ratio decreased to 0.65 by July 2023, and further to 0.59 by October 2023.
Overall, the company's debt-to-equity ratio has shown variability, with some periods of higher leverage followed by decreases in debt relative to equity. This analysis indicates that while the company has experienced fluctuations in its debt levels, it has generally been able to maintain a conservative debt-to-equity position.
Peer comparison
Dec 31, 2024