AutoZone Retained Earnings vs Long Term Debt Analysis
| AZO Stock | USD 3,108 28.53 0.91% |
AutoZone financial indicator trend analysis is way more than just evaluating AutoZone prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AutoZone is a good investment. Please check the relationship between AutoZone Retained Earnings and its Long Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.
Retained Earnings vs Long Term Debt
Retained Earnings vs Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AutoZone Retained Earnings account and Long Term Debt. At this time, the significance of the direction appears to have pay attention.
The correlation between AutoZone's Retained Earnings and Long Term Debt is -0.91. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of AutoZone, assuming nothing else is changed. The correlation between historical values of AutoZone's Retained Earnings and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of AutoZone are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Retained Earnings i.e., AutoZone's Retained Earnings and Long Term Debt go up and down completely randomly.
Correlation Coefficient | -0.91 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Long Term Debt
Long-term debt is a debt that AutoZone has held for over one year. Long-term debt appears on AutoZone balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on AutoZone balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Most indicators from AutoZone's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AutoZone current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.At this time, AutoZone's Selling General Administrative is very stable compared to the past year. As of the 18th of November 2024, Enterprise Value is likely to grow to about 8.3 B, while Tax Provision is likely to drop about 446.5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 191.6M | 306.4M | 462.9M | 486.0M | Depreciation And Amortization | 442.2M | 497.6M | 549.8M | 577.2M |
AutoZone fundamental ratios Correlations
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AutoZone Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AutoZone fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 14.4B | 14.5B | 15.3B | 16.0B | 17.2B | 18.0B | |
| Short Long Term Debt Total | 8.3B | 8.2B | 9.3B | 10.9B | 12.4B | 13.0B | |
| Other Current Liab | 65.4M | 814.0M | 762.5M | 748.2M | 488.0M | 441.2M | |
| Total Current Liabilities | 6.3B | 7.4B | 8.6B | 8.5B | 8.7B | 9.1B | |
| Total Stockholder Equity | (878.0M) | (1.8B) | (3.5B) | (4.3B) | (4.7B) | (4.5B) | |
| Property Plant And Equipment Net | 7.1B | 7.6B | 8.1B | 8.6B | 9.2B | 9.7B | |
| Net Debt | 6.6B | 7.1B | 9.0B | 10.7B | 12.1B | 12.7B | |
| Retained Earnings | (1.5B) | (419.8M) | (1.3B) | (3.0B) | (4.4B) | (4.2B) | |
| Accounts Payable | 5.2B | 6.0B | 7.3B | 7.2B | 7.4B | 7.7B | |
| Cash | 1.8B | 1.2B | 264.4M | 277.1M | 298.2M | 198.3M | |
| Non Current Assets Total | 7.6B | 8.1B | 8.6B | 9.2B | 9.9B | 10.4B | |
| Non Currrent Assets Other | 119.5M | 113.7M | 140.4M | 141.3M | 242.1M | 254.2M | |
| Cash And Short Term Investments | 1.8B | 1.2B | 264.4M | 277.1M | 298.2M | 198.3M | |
| Net Receivables | 364.8M | 378.4M | 504.9M | 520.4M | 545.6M | 572.9M | |
| Common Stock Shares Outstanding | 24.1M | 22.8M | 20.7M | 19.1M | 17.8M | 16.9M | |
| Liabilities And Stockholders Equity | 14.4B | 14.5B | 15.3B | 16.0B | 17.2B | 18.0B | |
| Non Current Liabilities Total | 9.0B | 8.9B | 10.2B | 11.8B | 13.2B | 13.9B | |
| Inventory | 4.5B | 4.6B | 5.6B | 5.8B | 6.2B | 6.5B | |
| Other Current Assets | 223.0M | 225.8M | 220.7M | 217.8M | 307.8M | 323.2M | |
| Other Stockholder Equity | 927.0M | (1.1B) | (1.9B) | (1.2B) | 36.8M | 38.7M | |
| Total Liab | 15.3B | 16.3B | 18.8B | 20.3B | 21.9B | 23.0B | |
| Property Plant And Equipment Gross | 4.5B | 8.8B | 9.5B | 13.3B | 14.4B | 15.1B | |
| Total Current Assets | 6.8B | 6.4B | 6.6B | 6.8B | 7.3B | 7.7B | |
| Accumulated Other Comprehensive Income | (354.3M) | (308.0M) | (300.5M) | (190.8M) | (361.6M) | (343.5M) | |
| Short Term Debt | 291.3M | 326.5M | 336.3M | 344.2M | 649.3M | 681.7M | |
| Common Stock Total Equity | 254K | 237K | 230K | 207K | 186.3K | 177.0K | |
| Common Stock | 237K | 230K | 207K | 189K | 175K | 166.3K | |
| Other Liab | 848.0M | 1.0B | 1.3B | 1.2B | 1.4B | 1.5B | |
| Other Assets | 145.9M | 525.3M | 557.8M | 309.2M | 355.5M | 373.3M | |
| Long Term Debt | 5.5B | 5.3B | 6.1B | 7.7B | 9.0B | 9.5B | |
| Treasury Stock | (1.4B) | (356.5M) | (2.5B) | (3.3B) | (2.9B) | (2.8B) | |
| Property Plant Equipment | 4.5B | 7.6B | 8.1B | 8.6B | 9.9B | 10.4B | |
| Current Deferred Revenue | 770.0M | 945.3M | 857.0M | 846.3M | (266.9M) | (253.5M) | |
| Short Term Investments | 76.1M | 46.0M | 49.8M | 39.6M | 38.4M | 32.6M | |
| Net Tangible Assets | 1.6B | (1.8B) | (3.5B) | (4.3B) | (3.9B) | (3.7B) | |
| Retained Earnings Total Equity | (1.3B) | (1.5B) | (419.8M) | (1.3B) | (1.2B) | (1.3B) | |
| Long Term Debt Total | 5.5B | 5.3B | 6.1B | 7.9B | 9.0B | 5.5B | |
| Capital Surpluse | 1.3B | 1.5B | 1.4B | 1.5B | 1.7B | 1.2B |
Pair Trading with AutoZone
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AutoZone position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AutoZone will appreciate offsetting losses from the drop in the long position's value.Moving against AutoZone Stock
The ability to find closely correlated positions to AutoZone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoZone when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoZone - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoZone to buy it.
The correlation of AutoZone is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoZone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoZone moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AutoZone can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoZone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Automotive Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoZone. If investors know AutoZone will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoZone listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.117 | Earnings Share 149.47 | Revenue Per Share 1.1 K | Quarterly Revenue Growth 0.09 | Return On Assets 0.1428 |
The market value of AutoZone is measured differently than its book value, which is the value of AutoZone that is recorded on the company's balance sheet. Investors also form their own opinion of AutoZone's value that differs from its market value or its book value, called intrinsic value, which is AutoZone's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoZone's market value can be influenced by many factors that don't directly affect AutoZone's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoZone's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoZone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoZone's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.