AutoZone Inc (AZO)

Debt-to-equity ratio

		Feb 10, 2024	Nov 18, 2023	Aug 26, 2023	May 6, 2023	Feb 11, 2023	Nov 19, 2022	Aug 27, 2022	May 7, 2022	Feb 12, 2022	Nov 20, 2021	Aug 28, 2021	May 8, 2021	Feb 13, 2021	Nov 21, 2020	Aug 29, 2020	May 9, 2020	Nov 23, 2019	Aug 31, 2019	May 4, 2019	Feb 9, 2019
Long-term debt	US$ in thousands	8,630,550	8,583,520	7,668,550	7,340,480	7,042,300	6,328,340	6,122,090	6,057,440	5,840,880	4,771,270	5,269,820	5,267,900	5,266,400	5,514,870	5,513,370	5,418,270	5,287,320	5,206,340	5,151,920	5,111,200
Total stockholders’ equity	US$ in thousands	-4,837,320	-5,213,670	-4,349,890	-4,301,580	-4,184,170	-3,837,920	-3,538,910	-3,387,230	-3,137,480	-2,124,750	-1,797,540	-1,763,390	-1,523,570	-1,026,980	-877,977	-1,632,740	-1,776,090	-1,713,850	-1,589,510	-1,594,360
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

February 10, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $8,630,550K ÷ $-4,837,320K
= —

The debt-to-equity ratio for AutoZone Inc is not available in the provided data. This ratio is an important indicator of a company's financial leverage and risk profile, showing the proportion of debt and equity used to finance its operations. Without this information, it is challenging to assess the company's capital structure and its ability to meet its financial obligations. Monitoring changes in the debt-to-equity ratio over time can help in evaluating AutoZone's financial health and stability.