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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Advance Auto Parts's Total Liabilities for the quarter that ended in Dec. 2023 was $9,757 Mil. Advance Auto Parts's Total Assets for the quarter that ended in Dec. 2023 was $12,276 Mil. Therefore, Advance Auto Parts's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.80.
The historical data trend for Advance Auto Parts's Liabilities-to-Assets 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.
Advance Auto Parts Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.68 | 0.70 | 0.74 | 0.78 | 0.80 |
Advance Auto Parts Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Liabilities-to-Assets | Get a 7-Day Free Trial | 0.78 | 0.78 | 0.78 | 0.78 | 0.80 |
For the Specialty Retail subindustry, Advance Auto Parts's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Retail - Cyclical industry and Consumer Cyclical sector, Advance Auto Parts's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Advance Auto Parts's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Advance Auto Parts's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Liabilities-to-Assets (A: Dec. 2023 ) | = | Total Liabilities | / | Total Assets |
= | 9756.598 | / | 12276.326 | |
= | 0.79 |
Advance Auto Parts's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as
Liabilities-to-Assets (Q: Dec. 2023 ) | = | Total Liabilities | / | Total Assets |
= | 9756.598 | / | 12276.326 | |
= | 0.79 |
* 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.
Advance Auto Parts (NYSE:AAP) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Thank you for viewing the detailed overview of Advance Auto Parts's Liabilities-to-Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kristen L Soler | officer: EVP, Chief HR Officer | 12200 FOX VALLEY STREET, RALEIGH NC 27614 |
Lee Eugene I Jr | director | 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837 |
Shane M Okelly | director, officer: Director, President and CEO | 4200 SIX FORKS ROAD, RALEIGH NC 27609 |
Anthony A Iskander | officer: Interim CFO, SVP, Fin & Treas | 4200 SIX FORKS ROAD, RALEIGH NC 27609 |
Douglas A Pertz | director | 1801 BAYBERRY COURT, RICHMOND VA 23226 |
Joan M Hilson | director | 150 THORN HILL DRIVE, WARRENDALE PA 15086-7528 |
John Francis Ferraro | director | 9 WALNUT AVE, CAMBRIDGE MA 02140 |
Carla Jean Bailo | director | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
Jones Jeffrey J Ii | director | ONE H&R BLOCK WAY, KANSAS CITY MO 64105 |
Szilagyi J Stephen | officer: EVP Chief Supply Chain Officer | 15027 JUNE WASHAM ROAD, RALEIGH NC 27609 |
Word Herman L Jr | officer: EVP, U.S. Stores & CQ Ind. | 1033 LINENHALL WAY, WAKE FOREST NC 27587 |
Pellicciotti William J Jr | officer: SVP, Controller and CAO | 4200 SIX FORKS ROAD, RALEIGH NC 27609 |
Robert B Cushing | officer: EVP, Commercial | 1432 FREEMAN LANE, PLEASANTON VA 94566 |
Sherice Torres | director | PO BOX 20833, SAN JOSE CA 95160 |
Natalie Schechtman | officer: SVP Human Resources | 45 ROUND HOUSE ROAD, BEDFORD NY 10506 |
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