Autozone Total Debt vs Current Assets Analysis

AZO
 Stock
  

USD 2,223  5.68  0.25%   

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 Total Debt and its Current Assets accounts. Please continue to Trending Equities.

Total Debt vs Current Assets

Total Debt vs Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autozone Total Debt account and Current Assets. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Autozone's Total Debt and Current Assets is 0.95. Overlapping area represents the amount of variation of Total Debt that can explain the historical movement of Current Assets in the same time period over historical financial statements of Autozone, assuming nothing else is changed. The correlation between historical values of Autozone's Total Debt and Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Debt of Autozone are associated (or correlated) with its Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Assets has no effect on the direction of Total Debt i.e., Autozone's Total Debt and Current Assets go up and down completely randomly.

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Debt

Total Debt of Autozone is a combination of both Autozone short-term and long-term liabilities. Short-term debts are those that must be paid back within a year. This type of debt applies to things like lines of credit or short-term term bonds. Long-term debt of Autozone includes liability that must be paid off in more than a year. This typically includes large senior debts like mortgages, bonds, as well as business loans or leases. A component of Total Liabilities representing the total amount of current and non-current debt owed. Includes secured and unsecured bonds issued; commercial paper; notes payable; credit facilities; lines of credit; capital lease obligations; operating lease obligations; and convertible notes.

Current Assets

Current assets of Autozone include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Autozone. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.
Most indicators from Autozone 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. Please continue to Trending Equities.Autozone Selling General and Administrative Expense is quite stable at the moment as compared to the past year. The company's current value of Selling General and Administrative Expense is estimated at 4.26 Billion. Issuance Repayment of Debt Securities is expected to rise to about 154.3 M this year, although the value of Net Cash Flow Business Acquisitions and Disposals will most likely fall to (144 M).
 2012 2018 2021 2022 (projected)
Consolidated Income1.34 B2.17 B1.62 B1.61 B
Direct Expenses5.25 B6.91 B5.5 B4.97 B

Autozone fundamental ratios Correlations

0.950.960.890.950.840.70.830.860.84-0.52-0.130.970.880.890.870.950.830.930.370.92
0.951.00.980.990.950.860.950.690.96-0.7-0.110.930.980.980.970.990.950.980.520.98
0.961.00.970.980.950.860.940.740.95-0.64-0.030.920.970.970.970.980.950.970.560.96
0.890.980.970.980.990.920.990.641.0-0.750.010.891.01.01.00.980.990.980.660.98
0.950.990.980.980.950.840.950.730.96-0.73-0.080.960.980.990.981.00.950.990.540.99
0.840.950.950.990.950.961.00.571.0-0.760.080.830.990.991.00.951.00.950.730.95
0.70.860.860.920.840.960.960.40.95-0.690.230.650.920.910.930.830.960.830.840.83
0.830.950.940.990.951.00.960.551.0-0.780.060.820.990.991.00.951.00.950.720.95
0.860.690.740.640.730.570.40.550.57-0.10.140.820.620.620.620.720.560.670.30.67
0.840.960.951.00.961.00.951.00.57-0.770.050.841.00.991.00.961.00.960.710.96
-0.52-0.7-0.64-0.75-0.73-0.76-0.69-0.78-0.1-0.770.41-0.63-0.77-0.78-0.76-0.74-0.76-0.78-0.33-0.79
-0.13-0.11-0.030.01-0.080.080.230.060.140.050.41-0.240.0-0.050.03-0.110.08-0.180.7-0.16
0.970.930.920.890.960.830.650.820.820.84-0.63-0.240.880.90.870.960.820.950.310.95
0.880.980.971.00.980.990.920.990.621.0-0.770.00.881.01.00.980.990.980.650.98
0.890.980.971.00.990.990.910.990.620.99-0.78-0.050.91.01.00.990.990.990.620.99
0.870.970.971.00.981.00.931.00.621.0-0.760.030.871.01.00.971.00.970.680.97
0.950.990.980.981.00.950.830.950.720.96-0.74-0.110.960.980.990.970.951.00.521.0
0.830.950.950.990.951.00.961.00.561.0-0.760.080.820.990.991.00.950.940.730.95
0.930.980.970.980.990.950.830.950.670.96-0.78-0.180.950.980.990.971.00.940.481.0
0.370.520.560.660.540.730.840.720.30.71-0.330.70.310.650.620.680.520.730.480.5
0.920.980.960.980.990.950.830.950.670.96-0.79-0.160.950.980.990.971.00.951.00.5
Click cells to compare fundamentals

Autozone Account Relationship Matchups

Autozone Investors Sentiment

The influence of Autozone'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 Autozone. 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 markets does not have a solid backing from leading economists and market statisticians.
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 Autozone 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, Autozone's short interest history, or implied volatility extrapolated from Autozone options trading.
Please continue to Trending Equities. 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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Other Tools for Autozone Stock

When running Autozone 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 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.
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