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AutoZone AZO Debt-to-assets

Debt-to-assets at other companies

Genuine Parts logo
Genuine PartsGPC
0.3×0.0×
Walmart
 logo
Walmart WMT
0.3×0.0×
O'Reilly Automotive logo
O'Reilly AutomotiveORLY
0.5×0.0×
Amazon logo
AmazonAMZN
0.3×0.0×
Penske Automotive Group logo
Penske Automotive GroupPAG
0.3×0.0×
Lowe's Companies logo
Lowe's CompaniesLOW
0.8×0.0×

Other financials

Income statement

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Revenue$4.8B+8.4%
Gross profit$2.5B+7.3%
Operating income$923.8M+6.6%
Net income$641.5M+5.4%
EPS (diluted)$38.07+7.7%

Balance sheet

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Cash & equivalents$253.7M-5.5%
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$50.03B-22.3%
Enterprise value$62.41B-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
FCF margin25.6%

Returns & leverage

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Return on equity-73.3%
Debt / equity-4.5×
Current ratio0.9×0.0×

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 debt-to-assets?
AutoZone (AZO) reported debt-to-assets of 0.6× in Q1 2026.
How has AutoZone's debt-to-assets changed year-over-year?
AutoZone's debt-to-assets decreased by 7.7% year-over-year, from 0.7× to 0.6×.
What is the long-term trend for AutoZone's debt-to-assets?
Over 5 years (2020 to 2025), AutoZone's debt-to-assets has grown at a 2.1% compound annual growth rate (CAGR), from 0.6× to 0.6×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.