AutoZone Total Current Liabilities from 2010 to 2024

AZO Stock  USD 3,152  41.14  1.29%   
AutoZone Total Current Liabilities yearly trend continues to be very stable with very little volatility. Total Current Liabilities is likely to grow to about 10.3 B this year. Total Current Liabilities is the total amount of liabilities that AutoZone is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations. View All Fundamentals
 
Total Current Liabilities  
First Reported
1990-05-31
Previous Quarter
8.8 B
Current Value
8.8 B
Quarterly Volatility
2.4 B
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check AutoZone financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AutoZone main balance sheet or income statement drivers, such as Depreciation And Amortization of 600.8 M, Interest Expense of 369.9 M or Selling General Administrative of 6.8 B, as well as many exotic indicators such as Short Term Coverage Ratios of 35.95, Price Earnings Ratio of 21.59 or Price To Sales Ratio of 1.38. AutoZone financial statements analysis is a perfect complement when working with AutoZone Valuation or Volatility modules.
  
This module can also supplement AutoZone's financial leverage analysis and stock options assessment as well as various AutoZone Technical models . Check out the analysis of AutoZone Correlation against competitors.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.

Latest AutoZone's Total Current Liabilities Growth Pattern

Below is the plot of the Total Current Liabilities of AutoZone over the last few years. Total Current Liabilities is an item on AutoZone balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of AutoZone are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. It is the total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations. AutoZone's Total Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AutoZone's overall financial position and show how it may be relating to other accounts over time.
Total Current Liabilities10 Years Trend
Slightly volatile
   Total Current Liabilities   
       Timeline  

AutoZone Total Current Liabilities Regression Statistics

Arithmetic Mean5,872,391,035
Geometric Mean4,682,219,212
Coefficient Of Variation45.17
Mean Deviation2,081,259,775
Median5,028,681,000
Standard Deviation2,652,343,229
Sample Variance7034924.6T
Range10.1B
R-Value0.95
Mean Square Error766350.5T
R-Squared0.90
Slope562,286,112
Total Sum of Squares98488944.4T

AutoZone Total Current Liabilities History

202410.3 B
20239.8 B
20228.5 B
20218.6 B
20207.4 B
20196.3 B
20185.5 B

About AutoZone Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include AutoZone income statement, its balance sheet, and the statement of cash flows. AutoZone investors use historical funamental indicators, such as AutoZone's Total Current Liabilities, to determine how well the company is positioned to perform in the future. Although AutoZone investors may use each financial statement separately, they are all related. The changes in AutoZone's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AutoZone's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on AutoZone Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AutoZone. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Total Current Liabilities9.8 B10.3 B

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 together with AutoZone Stock

  0.91HD Home Depot Financial Report 21st of May 2024 PairCorr
  0.64BBY Best Buy Financial Report 23rd of May 2024 PairCorr
  0.7EYE National Vision Holdings Financial Report 9th of May 2024 PairCorr

Moving against AutoZone Stock

  0.83PDD Pinduoduo Financial Report 24th of May 2024 PairCorr
  0.83UCAR U Power LimitedPairCorr
  0.82DOOO BRP Inc Financial Report 6th of June 2024 PairCorr
  0.63GLBE Global-E Online Financial Report 27th of May 2024 PairCorr
  0.48WEYS Weyco GroupPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:
Check out the analysis of AutoZone Correlation against competitors.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.
Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for AutoZone Stock analysis

When running AutoZone's price analysis, check to measure AutoZone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoZone is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoZone's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Is AutoZone's industry 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
0.172
Earnings Share
141.76
Revenue Per Share
999.527
Quarterly Revenue Growth
0.046
Return On Assets
0.1423
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.