AutoZone Inc (AZO)
Debt-to-equity ratio
| Aug 31, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 9,024,380 | 8,496,290 | 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 |
| Total stockholders’ equity | US$ in thousands | -4,749,610 | -4,838,240 | -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 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $9,024,380K ÷ $-4,749,610K
= —
The debt-to-equity ratio of AutoZone Inc is not available for the provided dates. Without this specific ratio data, we are unable to assess the company's leverage position and the proportion of debt and equity financing utilized in its capital structure over time. It is essential to track this ratio regularly to gauge the firm's financial health, risk profile, and ability to meet its financial obligations. A high debt-to-equity ratio may indicate higher financial risk, while a low ratio may suggest conservative financing practices. Investors and analysts should closely monitor changes in this ratio to make informed investment decisions regarding AutoZone Inc.
Peer comparison
Aug 31, 2024