Can Advance Auto Parts cover its short-term obligations?

Its current ratio is 1.78 — current assets exceed current liabilities.

Where does Advance Auto Parts's balance sheet data come from?

Every line is extracted from Advance Auto Parts's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Advance Auto Parts AAP Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Cash and cash equivalents	$3.12B+67.1%	$1.87B+271%	$503.47M+85.9%	$270.81M-55.0%
Accounts receivable, net	$380M-30.1%	$544M-10.8%	$609.53M-12.8%	$698.61M-10.8%
Inventories	$3.65B+0.9%	$3.61B-7.2%	$3.89B-20.5%	$4.9B+4.6%
Prepaid expenses and other current assets	$141M+19.5%	$118M-34.6%	$180.4M+10.2%	$163.7M-29.5%
Total current assets	$7.29B+18.7%	$6.14B-3.7%	$6.38B+6.0%	$6.01B-3.9%
Property and equipment, net	$1.27B-4.9%	$1.33B-14.3%	$1.56B-7.9%	$1.69B+10.6%
Operating lease right-of-use assets	$2.16B-3.8%	$2.24B-4.4%	$2.35B-10.0%	$2.61B-2.4%
Goodwill	$600M+0.3%	$598M-0.5%	$601.16M-39.3%	$990.47M-0.3%
Intangible assets, net	$400M-1.5%	$406M-3.1%	$419.16M-32.5%	$620.9M-4.7%
Deferred tax assets	$142M-26.4%	$193M-45.7%	$355.64M-13.4%	$410.75M+3.9%
Other non-current assets	$110M+48.6%	$74M-13.9%	$85.99M+37.7%	$62.43M-15.2%
Total assets	$11.83B+9.5%	$10.8B-12.0%	$12.28B+2.4%	$11.99B-1.6%
Accounts payable	$2.98B-12.6%	$3.41B-3.3%	$3.53B-15.6%	$4.18B+5.4%
Accrued expenses	$443M-6.3%	$473M+19.3%	$396.41M-7.3%	$427.48M-11.2%
Total current liabilities	$4.18B-10.5%	$4.67B-12.1%	$5.31B-2.1%	$5.42B+3.8%
Long-term debt	$3.41B+90.7%	$1.79B+0.1%	$1.79B+30.1%	$1.37B+32.8%
Operating lease liabilities, non-current	$1.81B-4.5%	$1.9B-7.0%	$2.04B-10.5%	$2.28B-2.5%
Other non-current liabilities	$86M+2.4%	$84M+0.6%	$83.54M-6.2%	$89.05M-15.1%
Total liabilities	$9.63B+11.6%	$8.63B-11.6%	$9.76B+3.9%	$9.39B+3.2%
Preferred stock	$0—	$0—	$0—	$0—
Common stock	200M-79.9%	994M+12,424,900%	8K0.0%	8K0.0%
Retained earnings	$4.15B-0.4%	$4.16B-8.7%	$4.56B-2.3%	$4.67B+1.3%
Accumulated other comprehensive income (loss)	-$37M+21.3%	-$47M+10.0%	-$52.23M-16.9%	-$44.7M-65.2%
Treasury stock	$2.94B+0.1%	$2.94B+0.2%	$2.93B+0.5%	$2.92B+26.9%
Total stockholders' equity	$2.2B+1.3%	$2.17B-13.9%	$2.52B-3.0%	$2.6B-15.7%
Total liabilities and stockholders' equity	$11.83B+9.5%	$10.8B-12.0%	$12.28B+2.4%	$11.99B-1.6%
Allowance for Credit Losses - Receivable (Current)	$95M—	——	——	——
Allowance for Doubtful Accounts	$95M+63.8%	$58M+146%	$23.62M+55.2%	$15.21M+49.7%
Allowance for Doubtful Accounts Receivable (Current)	$95M+63.8%	$58M+146%	$23.62M+55.2%	$15.21M+49.7%
Total Cash, Cash Equivalents, and Restricted Cash (Inclusive)	$3.12B+67.1%	$1.87B—	——	——
Other current assets	$141M+19.5%	$118M-34.6%	$180.4M+10.2%	$163.7M-29.5%
Percentage of Inventory on LIFO Basis	92%0.0%	92%-0.8%	92.8%+0.6%	92.2%+2.4%
Inventory LIFO Reserve	$104M+1,045%	-$11M-111%	$103.31M-62.9%	$278.65M+941%
Deferred Tax Assets and Other Non-Current Assets	$110M+48.6%	$74M-13.9%	$85.99M+37.7%	$62.43M-15.2%
Net Investment in Lease	$2.16B-3.8%	$2.24B-4.4%	$2.35B-10.0%	$2.61B-2.4%
Other intangible assets—net	$400M-1.5%	$406M-3.1%	$419.16M-32.5%	$620.9M-4.7%
Operating lease right-of-use assets	$2.16B-3.8%	$2.24B-4.4%	$2.35B-10.0%	$2.61B-2.4%
Other non-current assets	$110M+48.6%	$74M-13.9%	$85.99M+37.7%	$62.43M-15.2%
Operating Lease Right-of-Use Assets in Other Assets	$2.16B-3.8%	$2.24B-4.4%	$2.35B-10.0%	$2.61B-2.4%
Software and Technology Licenses, Net	$110M+48.6%	$74M-13.9%	$85.99M+37.7%	$62.43M-15.2%
Other Commercial Liabilities	$756M-3.6%	$784M+27.3%	$616.07M-2.1%	$629.46M-18.7%
Accrued Liabilities, Current	$756M-3.6%	$784M+27.3%	$616.07M-2.1%	$629.46M-18.7%
Other accrued liabilities	$443M-6.3%	$473M+19.3%	$396.41M-7.3%	$427.48M-11.2%
Supplier Finance Program Obligations	$2.5B-21.9%	$3.2B-4.8%	$3.36B—	——
Total debt	$5.66B+36.4%	$4.15B-1.5%	$4.21B-1.0%	$4.25B+10.8%
Common Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Common Stock Shares Issued	78M0.0%	78M—	——	——
Convertible Preferred Stock Authorized Shares	10M0.0%	10M—	——	——
Convertible Preferred Stock Issued Shares	0—	0—	——	——
Convertible Preferred Stock Outstanding Shares	0—	0—	——	——
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$1.03B+3.9%	$994M+12,424,900%	$8K0.0%	$8K0.0%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—
Preferred Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Guarantor Obligations - Maximum Exposure	$69M-29.6%	$98M-8.3%	$106.9M+10.3%	$96.9M+206%
Indemnification Liability Maximum Exposure	$69M-29.6%	$98M-8.3%	$106.9M+10.3%	$96.9M+206%
Allowance for doubtful accounts	$95M+63.8%	$58M+146%	$23.62M+55.2%	$15.21M+49.7%
Cash and cash equivalents, end of period	$3.12B+67.1%	$1.87B+272%	$503M+85.7%	$270.81M—
Common stock, par value (in dollars per share)	$00.0%	$00.0%	$00.0%	$00.0%
Common stock, shares authorized (in shares)	$200M0.0%	$200M—	——	——
Common stock, shares issued (in shares)	$78M0.0%	$78M—	——	——
Common Stock, Shares, Outstanding	$60M0.0%	$60M—	——	——
Deferred income taxes	$142M-26.4%	$193M-45.7%	$355.64M-13.4%	$410.75M+3.9%
Value of financial guarantee (up to)	$69M-29.6%	$98M-8.3%	$106.9M+10.3%	$96.9M+206%
Guarantor Obligations Collateral Held	$152M-16.0%	$181M-18.2%	$221.2M+26.7%	$174.6M+101%
Fair value of long-term debt	$3.4B+113%	$1.6B-2.5%	$1.64B+60.7%	$1.02B-6.5%
Preferred Stock, Par or Stated Value Per Share	$00.0%	$00.0%	$00.0%	$00.0%
Preferred Stock, Shares Authorized	$10M0.0%	$10M—	——	——
Preferred Stock, Shares Issued	$0—	$0—	——	——
Preferred Stock, Shares Outstanding	$0—	$0—	——	——
Purchasing And Warehousing Costs Included In Inventory At FIFO	$426M+15.8%	$368M-18.9%	$454M—	——
Supplier finance program, obligation	$2.5B-21.9%	$3.2B-4.8%	$3.36B—	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

Can Advance Auto Parts cover its short-term obligations?: Its current ratio is 1.78 — current assets exceed current liabilities.
Where does Advance Auto Parts's balance sheet data come from?: Every line is extracted from Advance Auto Parts's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.