AutoZone Inc (AZO)
Financial leverage ratio
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 17,176,500 | 15,985,900 | 15,275,000 | 14,516,200 | 14,423,900 |
| Total stockholders’ equity | US$ in thousands | -4,749,610 | -4,349,890 | -3,538,910 | -1,797,540 | -877,977 |
| Financial leverage ratio | — | — | — | — | — |
August 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $17,176,500K ÷ $-4,749,610K
= —
The financial leverage ratio of AutoZone Inc for the years ending August 31, 2024, August 26, 2023, August 27, 2022, August 28, 2021, and August 29, 2020 is not provided in the table. The financial leverage ratio, also known as the equity multiplier, measures the company's level of debt in relation to equity. It indicates the extent to which the company is relying on debt to finance its operations and growth. A higher financial leverage ratio suggests higher financial risk due to increased reliance on debt financing. Conversely, a lower ratio indicates a lower risk level. Understanding the trend in the financial leverage ratio over time can provide insights into AutoZone Inc's capital structure decisions and risk management strategies. Additional information is needed to analyze the company's capital structure and assess the impact of leverage on its financial performance.
Peer comparison
Aug 31, 2024