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AutoZone AZO Current ratio

Current ratio at other companies

Walmart
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Walmart WMT
0.8×0.0×
O'Reilly Automotive logo
O'Reilly AutomotiveORLY
0.8×0.0×
Amazon logo
AmazonAMZN
1.2×+0.1×
Lowe's Companies logo
Lowe's CompaniesLOW
1.1×+0.1×
Copart logo
CopartCPRT
7.6×-0.5×
Home Depot logo
Home DepotHD
0.0×

Other financials

Income statement

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Revenue$4.8B+8.4%
Gross profit$2.5B+7.3%
Operating income$923.8M+6.7%
Net income$641.5M+5.4%
EPS (diluted)$38.07+7.7%

Balance sheet

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Cash & equivalents$253.7M-5.6%
Total debt$12.6B+3.6%
Total equity-$2.8B+29.9%
Total assets$20.9B+12.3%

Cash flow

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Operating cash flow$2.1B-2.1%
CapEx$997.5M+12.6%
Free cash flow$1.1B-12.3%

Valuation

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Market cap$49.95B-22.3%
Enterprise value$62.33B-18.0%
P/E20.2×-4.9×
P/S2.5×-0.9×

Profitability

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Gross margin51.8%-1.2pp
Operating margin18%-1.6pp
Net margin12.4%-1.2pp

Returns & leverage

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Return on equity-73.3%
Debt / equity-4.5×

Where this comes from

Calculated from AutoZone’s reported figures.

Based on the most recent quarter.

The official record: AutoZone’s 10-Q, filed June 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AutoZone's current ratio?
AutoZone (AZO) reported current ratio of 0.9× in Q1 2026.
How has AutoZone's current ratio changed year-over-year?
AutoZone's current ratio increased by 5.5% year-over-year, from 0.8× to 0.9×.
What is the long-term trend for AutoZone's current ratio?
Over 4 years (2021 to 2025), AutoZone's current ratio has grown at a -2.4% compound annual growth rate (CAGR), from 3.7× to 3.4×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.