AutoZone Inc (AZO)
Debt-to-equity ratio
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 9,024,380 | 7,668,550 | 6,122,090 | 5,269,820 | 5,513,370 |
| Total stockholders’ equity | US$ in thousands | -4,749,610 | -4,349,890 | -3,538,910 | -1,797,540 | -877,977 |
| Debt-to-equity ratio | — | — | — | — | — |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $9,024,380K ÷ $-4,749,610K
= —
As the debt-to-equity ratio values for AutoZone Inc are not provided, it is difficult to offer a precise analysis for each of the specified years. However, the debt-to-equity ratio is a vital financial metric that indicates the company's capital structure and financial leverage. A higher ratio signifies that the company is primarily financed by debt, which could potentially lead to greater financial risk but may also enhance returns for shareholders.
Without the specific data to calculate the debt-to-equity ratio, it is challenging to assess AutoZone Inc's position regarding debt utilization and shareholder equity over the years. For a comprehensive evaluation of the company's financial health and risk management strategies, it would be beneficial to obtain these ratios and perform a thorough analysis across multiple years.
Peer comparison
Aug 31, 2024