Advance Auto Parts Stock Total Debt

AAP Stock  USD 85.09  0.23  0.27%   
Advance Auto Parts fundamentals help investors to digest information that contributes to Advance Auto's financial success or failures. It also enables traders to predict the movement of Advance Stock. The fundamental analysis module provides a way to measure Advance Auto's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Advance Auto stock.
As of 03/29/2024, Total Debt To Capitalization is likely to drop to 0.46.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Advance Total Debt Analysis

Advance Auto's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
 2016 2022 2023 2024 (projected)
Price Earnings Ratio27.0720.4218.389.78
Short Term Coverage Ratios1.6K3.93.513.34

Total Debt

 = 

Bonds

+

Notes

More About Total Debt | All Equity Analysis

Current Advance Auto Total Debt

    
  4.45 B  
Most of Advance Auto's fundamental indicators, such as Total Debt, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Advance Auto Parts is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Advance Total Debt Driver Correlations

Understanding the fundamental principles of building solid financial models for Advance Auto is extremely important. It helps to project a fair market value of Advance Stock properly, considering its historical fundamentals such as Total Debt. Since Advance Auto's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Advance Auto's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Advance Auto's interrelated accounts and indicators.
0.720.87-0.57-0.60.980.80.660.77-0.430.950.820.680.970.90.78-0.560.69-0.650.760.730.520.460.880.710.830.57-0.43-0.74-0.49
0.720.33-0.54-0.030.560.920.720.77-0.40.690.820.250.790.610.4-0.570.1-0.170.880.830.630.370.610.80.370.67-0.14-0.260.11
0.870.33-0.32-0.820.950.490.470.54-0.40.840.610.680.790.80.83-0.30.84-0.810.510.520.330.290.820.480.920.28-0.47-0.9-0.65
-0.57-0.54-0.320.18-0.51-0.64-0.26-0.46-0.05-0.53-0.65-0.36-0.53-0.45-0.211.0-0.340.26-0.43-0.37-0.13-0.52-0.4-0.34-0.24-0.230.10.20.15
-0.6-0.03-0.820.18-0.72-0.21-0.4-0.250.33-0.73-0.35-0.37-0.44-0.65-0.690.15-0.790.98-0.13-0.1-0.170.0-0.7-0.23-0.82-0.220.50.850.57
0.980.560.95-0.51-0.720.690.580.68-0.40.920.760.730.910.890.81-0.50.8-0.730.650.630.420.440.880.610.890.46-0.47-0.82-0.59
0.80.920.49-0.64-0.210.690.680.73-0.310.740.970.430.830.690.44-0.660.3-0.320.890.820.450.580.780.770.470.53-0.2-0.410.05
0.660.720.47-0.26-0.40.580.680.37-0.850.730.620.030.60.70.74-0.280.12-0.550.530.50.810.030.670.480.680.76-0.48-0.550.05
0.770.770.54-0.46-0.250.680.730.37-0.110.730.70.520.860.630.39-0.480.45-0.290.820.760.360.330.640.940.430.47-0.22-0.36-0.32
-0.43-0.4-0.4-0.050.33-0.4-0.31-0.85-0.11-0.47-0.270.12-0.36-0.47-0.81-0.050.030.46-0.23-0.26-0.850.23-0.43-0.25-0.67-0.570.470.470.03
0.950.690.84-0.53-0.730.920.740.730.73-0.470.770.510.880.90.77-0.520.68-0.790.680.620.550.270.890.690.840.63-0.46-0.77-0.44
0.820.820.61-0.65-0.350.760.970.620.7-0.270.770.470.830.70.48-0.670.41-0.450.860.820.360.570.830.750.550.38-0.25-0.550.0
0.680.250.68-0.36-0.370.730.430.030.520.120.510.470.70.620.36-0.340.73-0.290.520.5-0.090.730.540.320.440.18-0.18-0.39-0.69
0.970.790.79-0.53-0.440.910.830.60.86-0.360.880.830.70.860.67-0.530.58-0.490.880.850.490.50.810.790.70.57-0.38-0.6-0.42
0.90.610.8-0.45-0.650.890.690.70.63-0.470.90.70.620.860.74-0.430.64-0.70.650.590.440.330.830.550.770.69-0.56-0.67-0.51
0.780.40.83-0.21-0.690.810.440.740.39-0.810.770.480.360.670.74-0.190.53-0.740.370.390.70.040.730.420.950.5-0.52-0.8-0.5
-0.56-0.57-0.31.00.15-0.5-0.66-0.28-0.48-0.05-0.52-0.67-0.34-0.53-0.43-0.19-0.30.23-0.46-0.4-0.14-0.53-0.39-0.36-0.22-0.230.10.190.1
0.690.10.84-0.34-0.790.80.30.120.450.030.680.410.730.580.640.53-0.3-0.680.260.21-0.030.320.70.320.70.13-0.21-0.74-0.8
-0.65-0.17-0.810.260.98-0.73-0.32-0.55-0.290.46-0.79-0.45-0.29-0.49-0.7-0.740.23-0.68-0.22-0.19-0.30.01-0.73-0.3-0.84-0.330.580.850.45
0.760.880.51-0.43-0.130.650.890.530.82-0.230.680.860.520.880.650.37-0.460.26-0.220.980.40.510.660.820.390.47-0.16-0.35-0.01
0.730.830.52-0.37-0.10.630.820.50.76-0.260.620.820.50.850.590.39-0.40.21-0.190.980.420.470.590.770.40.4-0.17-0.350.01
0.520.630.33-0.13-0.170.420.450.810.36-0.850.550.36-0.090.490.440.7-0.14-0.03-0.30.40.42-0.20.40.460.570.74-0.17-0.32-0.02
0.460.370.29-0.520.00.440.580.030.330.230.270.570.730.50.330.04-0.530.320.010.510.47-0.20.370.220.110.03-0.03-0.13-0.12
0.880.610.82-0.4-0.70.880.780.670.64-0.430.890.830.540.810.830.73-0.390.7-0.730.660.590.40.370.690.820.46-0.37-0.8-0.35
0.710.80.48-0.34-0.230.610.770.480.94-0.250.690.750.320.790.550.42-0.360.32-0.30.820.770.460.220.690.450.43-0.18-0.4-0.1
0.830.370.92-0.24-0.820.890.470.680.43-0.670.840.550.440.70.770.95-0.220.7-0.840.390.40.570.110.820.450.44-0.49-0.92-0.54
0.570.670.28-0.23-0.220.460.530.760.47-0.570.630.380.180.570.690.5-0.230.13-0.330.470.40.740.030.460.430.44-0.27-0.19-0.18
-0.43-0.14-0.470.10.5-0.47-0.2-0.48-0.220.47-0.46-0.25-0.18-0.38-0.56-0.520.1-0.210.58-0.16-0.17-0.17-0.03-0.37-0.18-0.49-0.270.520.25
-0.74-0.26-0.90.20.85-0.82-0.41-0.55-0.360.47-0.77-0.55-0.39-0.6-0.67-0.80.19-0.740.85-0.35-0.35-0.32-0.13-0.8-0.4-0.92-0.190.520.43
-0.490.11-0.650.150.57-0.590.050.05-0.320.03-0.440.0-0.69-0.42-0.51-0.50.1-0.80.45-0.010.01-0.02-0.12-0.35-0.1-0.54-0.180.250.43
Click cells to compare fundamentals
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Competition

Advance Net Debt

Net Debt

4.14 Billion

At this time, Advance Auto's Net Debt is relatively stable compared to the past year.
Based on the latest financial disclosure, Advance Auto Parts has a Total Debt of 4.45 B. This is 15.28% higher than that of the Specialty Retail sector and 33.69% higher than that of the Consumer Discretionary industry. The total debt for all United States stocks is 16.36% higher than that of the company.

Advance Total Debt Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Advance Auto's direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Advance Auto could also be used in its relative valuation, which is a method of valuing Advance Auto by comparing valuation metrics of similar companies.
Advance Auto is currently under evaluation in total debt category among related companies.

Advance Auto ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Advance Auto's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Advance Auto's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Advance Auto Institutional Holders

Institutional Holdings refers to the ownership stake in Advance Auto that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Advance Auto's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Advance Auto's value.
Shares
Two Sigma Investments Llc2023-12-31
1.1 M
Two Sigma Advisers, Llc2023-12-31
1.1 M
Jacobs Levy Equity Management, Inc.2023-09-30
931.1 K
Capital World Investors2023-12-31
918.3 K
Geode Capital Management, Llc2023-12-31
888.7 K
Federated Hermes Inc2023-12-31
842.2 K
Ubs Group Ag2023-12-31
811.7 K
Legion Partners Asset Management, Llc2023-12-31
773 K
Marshall Wace Asset Management Ltd2023-12-31
708.3 K
Blackrock Inc2023-12-31
7.7 M
Vanguard Group Inc2023-12-31
6.8 M

Advance Fundamentals

About Advance Auto Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Advance Auto Parts's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Advance Auto using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Advance Auto Parts based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Total Debt To Capitalization 0.66  0.46 

Advance Auto Investors Sentiment

The influence of Advance Auto's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Advance. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Advance Auto's public news can be used to forecast risks associated with an investment in Advance. The trend in average sentiment can be used to explain how an investor holding Advance can time the market purely based on public headlines and social activities around Advance Auto Parts. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Advance Auto's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Advance Auto's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Advance Auto's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Advance Auto.

Advance Auto Implied Volatility

    
  37.89  
Advance Auto's implied volatility exposes the market's sentiment of Advance Auto Parts stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Advance Auto's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Advance Auto stock will not fluctuate a lot when Advance Auto's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Advance Auto in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Advance Auto's short interest history, or implied volatility extrapolated from Advance Auto options trading.

Pair Trading with Advance Auto

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 Advance Auto 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 Advance Auto will appreciate offsetting losses from the drop in the long position's value.

Moving together with Advance Stock

  0.8HD Home Depot Financial Report 21st of May 2024 PairCorr
  0.67BBY Best Buy Financial Report 23rd of May 2024 PairCorr
  0.62EYE National Vision Holdings Financial Report 9th of May 2024 PairCorr

Moving against Advance Stock

  0.77DOOO BRP Inc Financial Report 6th of June 2024 PairCorr
  0.69UCAR U Power LimitedPairCorr
  0.66PDD Pinduoduo Financial Report 24th of May 2024 PairCorr
  0.56WEYS Weyco GroupPairCorr
  0.41GLBE Global-E Online Financial Report 27th of May 2024 PairCorr
The ability to find closely correlated positions to Advance Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advance Auto 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 Advance Auto - 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 Advance Auto Parts to buy it.
The correlation of Advance Auto 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 Advance Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advance Auto Parts 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 Advance Auto 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 Advance Auto Parts is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Advance Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Advance Auto Parts Stock. Highlighted below are key reports to facilitate an investment decision about Advance Auto Parts Stock:
Check out Advance Auto Piotroski F Score and Advance Auto Altman Z Score analysis.
Note that the Advance Auto Parts information on this page should be used as a complementary analysis to other Advance Auto'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Advance Stock analysis

When running Advance Auto's price analysis, check to measure Advance Auto'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 Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Is Advance Auto'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 Advance Auto. If investors know Advance 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 Advance Auto 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
(0.40)
Dividend Share
2.25
Earnings Share
0.5
Revenue Per Share
189.925
Quarterly Revenue Growth
(0)
The market value of Advance Auto Parts is measured differently than its book value, which is the value of Advance that is recorded on the company's balance sheet. Investors also form their own opinion of Advance Auto's value that differs from its market value or its book value, called intrinsic value, which is Advance Auto'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 Advance Auto's market value can be influenced by many factors that don't directly affect Advance Auto'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 Advance Auto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advance Auto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advance Auto'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.