AutoZone, Inc. (AZO) Balance Sheet
AZO balance sheet, FY2026
August 31, 2026 · U.S. dollars$21.63B assets = $24.13B liabilities + −$2.50B equity
Liabilities exceed assets: shareholders’ equity is negative (−$2.50B).
Both columns are drawn to the same scale: what AZO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AZO financial health
Current ratio0.90
Tight · current assets cover current liabilities 0.90×
Equity / assets−11.6%
Thin equity · of assets funded by shareholders
Cash / debt2.6%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
AZO balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $9.26BFY2017 | $21.63BFY2026 | +9.9%/yr | |
| Total liabilities | $10.69BFY2017 | $24.13BFY2026 | +9.5%/yr | |
| Shareholders’ equity | −$1.43BFY2017 | −$2.50BFY2026 | — | |
| Cash & short-term investments | $293.3MFY2017 | $326.1MFY2026 | +1.2%/yr | |
| Total debt | $5.13BFY2017 | $12.45BFY2026 | +10.4%/yr | |
| Net cash (debt) | −$4.84BFY2017 | −$12.12BFY2026 | −$7.3B | |
| Working capital | −$155.0MFY2017 | −$1.00BFY2026 | −$845.4M | |
| Book value per share | −$49.14FY2017 | −$148.38FY2026 | — | |
| Current ratio | 0.97FY2017 | 0.90FY2026 | −0.07 | |
| Shares outstanding | 29.1MFY2017 | 16.9MFY2026 | −5.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AZO assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
AZO liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
AZO debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AZO balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $326.1M | $271.8M | $298.2M | $277.1M | $264.4M | $1.17B | $1.75B | $176.3M | $217.8M | $293.3M |
| Cash & equivalents | $326.1M | $271.8M | $298.2M | $277.1M | $264.4M | $1.17B | $1.75B | $176.3M | $217.8M | $293.3M |
| Short-term investments | — | $18.7M | $38.4M | $39.6M | $49.8M | $46.0M | $76.1M | $68.0M | $59.4M | $18.6M |
| Receivables | $0 | $670.1M | $545.6M | $520.4M | $504.9M | $378.4M | $364.8M | $309.0M | $258.1M | $280.7M |
| Inventory | $7.74B | $7.03B | $6.16B | $5.76B | $5.64B | $4.64B | $4.47B | $4.32B | $3.94B | $3.88B |
| Other current assets | $1.04B | $373.8M | $307.8M | $217.8M | $220.7M | $225.8M | $223.0M | $224.3M | $216.2M | $155.2M |
| Total current assets | $9.11B | $8.34B | $7.31B | $6.78B | $6.63B | $6.42B | $6.81B | $5.03B | $4.64B | $4.61B |
| Property, plant & equipment (net) | $11.53B | $10.26B | $9.24B | $8.59B | $8.09B | $7.58B | $7.09B | $4.40B | $4.22B | $4.03B |
| Goodwill & intangible assets | $0 | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $304.1M | $308.3M | $312.4M | $444.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $71.0M | $75.2M | $82.3M |
| Other non-current assets | $997.9M | $454.1M | $325.8M | $309.2M | $255.2M | $222.6M | $217.0M | $89.2M | $105.0M | $90.8M |
| Total assets | $21.63B | $19.36B | $17.18B | $15.99B | $15.28B | $14.52B | $14.42B | $9.90B | $9.35B | $9.26B |
| Liabilities | ||||||||||
| Accounts payable | $8.60B | $8.03B | $7.36B | $7.20B | $7.30B | $6.01B | $5.16B | $4.86B | $4.41B | $4.17B |
| Short-term debt | $417.3M | $395.1M | $382.4M | $344.2M | $336.3M | $326.5M | $291.3M | $56.2M | $52.3M | $48.1M |
| Deferred revenue | — | — | −$971.9M | $846.3M | $857.0M | $945.3M | $770.0M | $25.3M | $118.5M | $34.0M |
| Total current liabilities | $10.11B | $9.52B | $8.71B | $8.51B | $8.59B | $7.37B | $6.28B | $5.51B | $5.03B | $4.77B |
| Long-term debt | $0 | $9.09B | $9.31B | $7.87B | $6.12B | $5.27B | $5.51B | $5.21B | $5.01B | $5.08B |
| Lease obligations | — | $3.49B | $3.34B | $2.92B | $2.84B | $2.63B | $2.48B | $56.2M | $52.3M | $48.1M |
| Other long-term liabilities | $14.03B | $4.16B | $3.90B | $3.95B | $4.10B | $3.67B | $3.51B | $891.3M | $832.7M | $840.6M |
| Total liabilities | $24.13B | $22.77B | $21.93B | $20.34B | $18.81B | $16.31B | $15.30B | $11.61B | $10.87B | $10.69B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | −$2.50B | $169,000 | $175,000 | $189,000 | $207,000 | $230,000 | $237,000 | $254,000 | $275,000 | $287,000 |
| Retained earnings (deficit) | — | −$3.98B | −$4.42B | −$2.96B | −$1.33B | −$419.8M | −$1.45B | −$1.31B | −$1.21B | −$1.64B |
| Treasury stock | — | — | — | — | −$3.26B | −$2.54B | −$356.5M | −$1.40B | −$1.23B | −$618.4M |
| Accumulated other comprehensive income | — | −$285.0M | −$361.6M | −$190.8M | −$300.5M | −$308.0M | −$354.3M | −$269.3M | −$235.8M | −$254.6M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | −$2.50B | −$3.41B | −$4.75B | −$4.35B | −$3.54B | −$1.80B | −$878.0M | −$1.71B | −$1.52B | −$1.43B |
| Key figures | ||||||||||
| Total debt | $12.45B | $12.29B | $12.37B | $10.93B | $9.30B | $8.23B | $8.31B | $5.26B | $5.06B | $5.13B |
| Net cash (debt) | −$12.12B | −$12.02B | −$12.07B | −$10.65B | −$9.03B | −$7.06B | −$6.56B | −$5.09B | −$4.84B | −$4.84B |
| Working capital | −$1.00B | −$1.18B | −$1.41B | −$1.73B | −$1.96B | −$954.5M | $528.8M | −$483.5M | −$392.8M | −$155.0M |
| Tangible book value | −$2.50B | −$3.72B | −$5.05B | −$4.65B | −$3.84B | −$2.10B | −$1.18B | −$2.02B | −$1.83B | −$1.87B |
| Book value per share | −$148.38 | −$197.99 | −$266.79 | −$227.71 | −$170.69 | −$78.84 | −$36.44 | −$67.22 | −$55.44 | −$49.14 |
| Shares outstanding | 16.9M | 17.2M | 17.8M | 19.1M | 20.7M | 22.8M | 24.1M | 25.5M | 27.4M | 29.1M |
| Current ratio | 0.90 | 0.88 | 0.84 | 0.80 | 0.77 | 0.87 | 1.08 | 0.91 | 0.92 | 0.97 |
| Quick ratio | 0.03 | 0.10 | 0.10 | 0.09 | 0.09 | 0.21 | 0.34 | 0.09 | 0.09 | 0.12 |
| Equity / assets | −11.6% | −17.6% | −27.7% | −27.2% | −23.2% | −12.4% | −6.1% | −17.3% | −16.3% | −15.4% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $326.1M | $253.7M | $285.5M | $287.6M | $271.8M | $268.6M | $300.9M | $304.0M | $298.2M | $275.4M | $304.1M | $283.0M |
| Cash & equivalents | $326.1M | $253.7M | $285.5M | $287.6M | $271.8M | $268.6M | $300.9M | $304.0M | $298.2M | $275.4M | $304.1M | $283.0M |
| Short-term investments | — | — | $28.5M | $21.7M | $18.7M | $19.0M | $28.8M | $34.3M | $38.4M | $60.6M | $53.3M | $50.4M |
| Receivables | $0 | $764.9M | $698.4M | $637.8M | $670.1M | $588.5M | $597.4M | $533.5M | $545.6M | $586.8M | $501.1M | $511.9M |
| Inventory | $7.74B | $7.56B | $7.48B | $7.14B | $7.03B | $6.82B | $6.59B | $6.27B | $6.16B | $6.16B | $5.97B | $5.77B |
| Other current assets | $1.04B | $356.9M | $364.2M | $372.7M | $373.8M | $305.7M | $315.7M | $309.0M | $307.8M | $272.0M | $381.7M | $387.4M |
| Total current assets | $9.11B | $8.93B | $8.83B | $8.44B | $8.34B | $7.99B | $7.80B | $7.42B | $7.31B | $7.29B | $7.16B | $6.96B |
| Property, plant & equipment (net) | $11.53B | $11.21B | $10.85B | $10.49B | $10.26B | $9.87B | $9.57B | $9.37B | $9.24B | $9.15B | $8.91B | $8.71B |
| Goodwill & intangible assets | $0 | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M | $302.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $997.9M | $468.3M | $449.1M | $432.8M | $454.1M | $460.8M | $441.1M | $374.6M | $325.8M | $370.2M | $351.2M | $321.3M |
| Total assets | $21.63B | $20.92B | $20.44B | $19.67B | $19.36B | $18.62B | $18.12B | $17.47B | $17.18B | $17.11B | $16.72B | $16.29B |
| Liabilities | ||||||||||||
| Accounts payable | $8.60B | $8.40B | $8.30B | $8.26B | $8.03B | $7.89B | $7.78B | $7.50B | $7.36B | $7.37B | $7.15B | $7.18B |
| Short-term debt | $417.3M | $336.3M | $329.1M | $287.2M | $395.1M | $314.9M | $306.2M | $270.1M | $382.4M | $803.2M | $296.5M | $288.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$382.4M | $30.3M | $111.2M | $111.3M |
| Total current liabilities | $10.11B | $10.04B | $9.92B | $9.81B | $9.52B | $9.47B | $9.27B | $8.89B | $8.71B | $9.19B | $8.77B | $8.79B |
| Long-term debt | $0 | $0 | $8.91B | $8.62B | $8.80B | $8.85B | $9.05B | $9.01B | $9.02B | $8.50B | $8.63B | $8.58B |
| Lease obligations | — | — | $3.50B | $3.43B | $3.49B | $3.34B | $3.31B | $3.25B | $3.34B | $3.27B | $3.20B | $2.91B |
| Other long-term liabilities | $14.03B | $13.67B | $4.52B | $4.46B | $4.45B | $4.28B | $4.25B | $4.24B | $4.19B | $4.26B | $4.15B | $4.14B |
| Total liabilities | $24.13B | $23.70B | $23.35B | $22.89B | $22.77B | $22.60B | $22.57B | $22.14B | $21.93B | $21.95B | $21.55B | $21.51B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | −$2.50B | $166,000 | $166,000 | $170,000 | $169,000 | $169,000 | $168,000 | $175,000 | $175,000 | $174,000 | $174,000 | $190,000 |
| Retained earnings (deficit) | — | −$3.75B | −$4.39B | −$3.45B | −$3.98B | −$4.81B | −$5.42B | −$3.86B | −$4.42B | −$5.33B | −$5.98B | −$2.37B |
| Accumulated other comprehensive income | — | −$137.0M | −$157.9M | −$263.1M | −$285.0M | −$357.1M | −$407.6M | −$407.2M | −$361.6M | −$202.9M | −$204.9M | −$210.4M |
| Total shareholders' equity | −$2.50B | −$2.78B | −$2.91B | −$3.23B | −$3.41B | −$3.97B | −$4.46B | −$4.67B | −$4.75B | −$4.84B | −$4.84B | −$5.21B |
| Key figures | ||||||||||||
| Total debt | $12.45B | $12.63B | $12.41B | $12.05B | $12.29B | $12.19B | $12.37B | $12.27B | $12.37B | $12.26B | $11.83B | $11.78B |
| Net cash (debt) | −$12.12B | −$12.38B | −$12.13B | −$11.76B | −$12.02B | −$11.92B | −$12.06B | −$11.96B | −$12.07B | −$11.99B | −$11.52B | −$11.50B |
| Working capital | −$1.00B | −$1.10B | −$1.09B | −$1.37B | −$1.18B | −$1.48B | −$1.46B | −$1.47B | −$1.41B | −$1.90B | −$1.62B | −$1.83B |
| Tangible book value | −$2.50B | −$3.09B | −$3.21B | −$3.53B | −$3.72B | −$4.28B | −$4.76B | −$4.98B | −$5.05B | −$5.14B | −$5.14B | −$5.52B |
| Book value per share | −$148.38 | −$165.24 | −$170.08 | −$188.79 | −$198.73 | −$230.98 | −$258.50 | −$269.02 | −$273.14 | −$272.41 | −$271.33 | −$285.93 |
| Shares outstanding | 16.9M | 16.9M | 17.1M | 17.1M | 17.2M | 17.2M | 17.2M | 17.4M | 17.4M | 17.8M | 17.8M | 18.2M |
| Current ratio | 0.90 | 0.89 | 0.89 | 0.86 | 0.88 | 0.84 | 0.84 | 0.83 | 0.84 | 0.79 | 0.82 | 0.79 |
| Quick ratio | 0.03 | 0.10 | 0.10 | 0.09 | 0.10 | 0.09 | 0.10 | 0.09 | 0.10 | 0.09 | 0.09 | 0.09 |
| Equity / assets | −11.6% | −13.3% | −14.2% | −16.4% | −17.6% | −21.3% | −24.6% | −26.8% | −27.7% | −28.3% | −28.9% | −32.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 22, 2026); data from EODHD.
AZO financial position
At the end of fiscal 2026 (August 31, 2026), AutoZone had total assets of $21.6 billion (up 11.8% from a year earlier), total liabilities of $24.1 billion and shareholders' equity of -$2.5 billion. It held $326.1 million in cash and short-term investments against $12.4 billion of debt, net debt of $12.1 billion. Its current ratio was 0.90.
Related: AZO income statement, AZO cash flow statement, AZO key metrics. See the AZO stock overview for the latest quote and news.
AZO balance sheet FAQ
What are AutoZone's total assets?
AutoZone reported total assets of $21.6 billion at the end of fiscal 2026 (August 31, 2026), compared with $19.4 billion a year earlier.
How much debt does AutoZone have?
AutoZone had $12.4 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does AutoZone have?
AutoZone held $326.1 million in cash and short-term investments at the end of fiscal 2026; with $12.4 billion of debt that is net debt of $12.1 billion.
What is AutoZone's book value?
AutoZone's shareholders' equity (book value) was -$2.5 billion at the end of fiscal 2026, or −$148.38 per share.
What is AutoZone's current ratio?
AutoZone had current assets of $9.1 billion and current liabilities of $10.1 billion, a current ratio of 0.90 (current liabilities exceed current assets).