AutoZone (AutoZone) Interest Expense : $-389 Mil (TTM As of Feb. 2024)

View and export this data going back to 1991. Start your Free Trial

What is AutoZone Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AutoZone's interest expense for the three months ended in Feb. 2024 was $ -103 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-389 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. AutoZone's Operating Income for the three months ended in Feb. 2024 was $ 743 Mil. AutoZone's Interest Expense for the three months ended in Feb. 2024 was $ -103 Mil. AutoZone's Interest Coverage for the quarter that ended in Feb. 2024 was 7.24. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AutoZone Interest Expense Historical Data

The historical data trend for AutoZone's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AutoZone Interest Expense Chart

AutoZone Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

Get a 7-Day Free Trial

-192.20

-206.85

-200.75

-197.69

-318.43

AutoZone Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-65.61	-74.31	-120.78	-91.38	-102.62

AutoZone Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-389 Mil.

AutoZone (NYSE:AZO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AutoZone's Interest Expense for the three months ended in Feb. 2024 was $-103 Mil. Its Operating Income for the three months ended in Feb. 2024 was $743 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $11,532 Mil.

AutoZone's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	743.242	/	-102.619
	=	7.24

The higher the ratio, the stronger the company's financial strength is.

AutoZone (AutoZone) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AutoZone Inc (NYSE:AZO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

AZO:Mexico AZ5:Germany AZ5:Germany AZOI34:Brazil AZO:Austria

Address

123 South Front Street, Memphis, TN, USA, 38103

Website

https://www.autozone.com

AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, although its presence in its home market is still dominated by its do-it-yourself operation, which accounts for around 70% of sales in country. AutoZone also has a growing presence in Mexico and Brazil. AutoZone had 7,140 stores in the U.S. (6,300), Mexico (740), and Brazil (100) as of the end of fiscal 2023.

Executives

K. Michelle Borninkhof	officer: Senior Vice President & CIO	123 FRONT STREET, MEMPHIS TN 38103
Grant E. Mcgee	officer: Sr. Vice President	123 FRONT STREET, MEMPHIS TN 38103
Dennis W. Leriche	officer: Sr. Vice President	123 FRONT STREET, MEMPHIS TN 38103
Domingo Hurtado	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Mrkonic George R Jr	director	C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Thomas B Newbern	officer: Sr. Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Charles Iii Pleas	officer: Vice President and Controller	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Lindsay Lehman	officer: SVP, Marketing	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Preston Frazer	officer: Senior Vice President	123 SOUTH FRONT ST, MEMPHIS TN 38103
Albert Saltiel	officer: Sr. Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Eric S. Gould	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Jenna M. Bedsole	officer: Sr. Vice President	123 SOUTH FRONT STREET, MEMPHIS TN 38103
William R. Hackney	officer: Sr. Vice President	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Rhodes William C Iii	officer: Senior Vice President	123 SOUTH FRONT STREET, DEPT. 8074, MEMPHIS TN 38103
Philip B. Daniele	officer: Sr. Vice President	123 S. FRONT STREET, DEPT. 8074, MEMPHIS TN 38103