Advance Historical Balance Sheet
AAP Stock | USD 49.79 1.05 2.15% |
Trend analysis of Advance Auto Parts balance sheet accounts such as Total Stockholder Equity of 1.8 B, Net Debt of 4.2 B or Cash of 607.9 M provides information on Advance Auto's total assets, liabilities, and equity, which is the actual value of Advance Auto Parts to its prevalent stockholders. By breaking down trends over time using Advance Auto balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Advance Auto Parts latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Advance Auto Parts is a good buy for the upcoming year.
Advance Auto Inventory |
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About Advance Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Advance Auto Parts at a specified time, usually calculated after every quarter, six months, or one year. Advance Auto Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Advance Auto and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Advance currently owns. An asset can also be divided into two categories, current and non-current.
Advance Auto Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Advance Auto assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Advance Auto Parts books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Advance Auto Parts balance sheet. This account contains Advance Auto investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Advance Auto Parts fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most accounts from Advance Auto's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Advance Auto Parts current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Advance Auto Parts. 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. At this time, Advance Auto's Total Current Assets are relatively stable compared to the past year. As of 01/30/2025, Short and Long Term Debt Total is likely to grow to about 4.8 B, while Inventory is likely to drop slightly above 2.8 B.
2022 | 2023 | 2024 | 2025 (projected) | Total Stockholder Equity | 2.6B | 2.5B | 2.9B | 1.8B | Total Assets | 12.0B | 12.3B | 14.1B | 14.8B |
Advance Auto balance sheet Correlations
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Advance Auto Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Advance Auto balance sheet Accounts
2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
Total Assets | 11.8B | 12.2B | 12.0B | 12.3B | 14.1B | 14.8B | |
Total Stockholder Equity | 3.6B | 3.1B | 2.6B | 2.5B | 2.9B | 1.8B | |
Net Debt | 2.2B | 2.8B | 3.4B | 3.5B | 4.0B | 4.2B | |
Cash | 835.0M | 601.4M | 270.8M | 503.5M | 579.0M | 607.9M | |
Other Assets | 52.3M | 73.7M | 62.4M | 1.0 | 0.9 | 0.86 | |
Cash And Short Term Investments | 835.0M | 601.4M | 270.8M | 503.5M | 579.0M | 607.9M | |
Common Stock Shares Outstanding | 69.0M | 64.5M | 60.7M | 59.6M | 53.6M | 66.6M | |
Liabilities And Stockholders Equity | 11.8B | 12.2B | 12.0B | 12.3B | 14.1B | 14.8B | |
Inventory | 4.5B | 4.7B | 4.9B | 4.9B | 5.6B | 2.8B | |
Other Stockholder Equity | (610.4M) | (1.5B) | (2.0B) | (2.0B) | (1.8B) | (1.7B) | |
Total Liab | 8.3B | 9.1B | 9.4B | 9.8B | 11.2B | 11.8B | |
Total Current Assets | 6.3B | 6.3B | 6.0B | 6.4B | 7.3B | 7.7B | |
Short Long Term Debt Total | 3.0B | 3.4B | 3.7B | 4.0B | 4.6B | 4.8B | |
Other Current Liab | 1.0B | 1.1B | 972.5M | 1.0B | 1.2B | 1.2B | |
Total Current Liabilities | 4.7B | 5.2B | 5.4B | 5.3B | 6.1B | 6.4B | |
Other Liab | 457.3M | 488.7M | 513.6M | 503.2M | 578.7M | 607.6M | |
Property Plant And Equipment Net | 3.8B | 4.2B | 4.3B | 4.2B | 4.9B | 5.1B | |
Current Deferred Revenue | (462.6M) | (465.1M) | 84.5M | (445.1M) | (400.6M) | (380.5M) | |
Retained Earnings | 4.2B | 4.6B | 4.7B | 4.6B | 5.2B | 5.5B | |
Accounts Payable | 3.6B | 3.9B | 4.2B | 4.2B | 4.8B | 5.0B | |
Non Current Assets Total | 5.6B | 5.9B | 6.0B | 5.9B | 6.8B | 7.1B | |
Non Currrent Assets Other | 52.3M | 73.7M | 62.4M | 86.9M | 99.9M | 53.1M | |
Long Term Debt | 1.0B | 1.0B | 1.2B | 1.8B | 2.1B | 2.2B | |
Net Receivables | 750.0M | 782.8M | 684.0M | 800.1M | 920.2M | 966.2M | |
Non Current Liabilities Total | 3.5B | 3.9B | 4.0B | 4.4B | 5.1B | 5.4B | |
Other Current Assets | 146.8M | 232.2M | 163.7M | 215.7M | 248.1M | 260.5M | |
Property Plant And Equipment Gross | 3.8B | 1.5B | 4.3B | 7.1B | 8.1B | 8.6B | |
Accumulated Other Comprehensive Income | (26.8M) | (22.6M) | (44.7M) | (52.2M) | (47.0M) | (44.7M) | |
Short Term Debt | 462.6M | 465.1M | 185M | 445.1M | 511.8M | 537.4M | |
Property Plant Equipment | 1.4B | 1.5B | 1.5B | 4.3B | 4.9B | 5.2B | |
Treasury Stock | (426.0M) | (924.4M) | (1.4B) | (2.3B) | (2.1B) | (2.0B) | |
Good Will | 993.6M | 993.7M | 990.5M | 991.7M | 1.1B | 608.6M | |
Intangible Assets | 681.1M | 651.2M | 620.9M | 593.3M | 682.3M | 393.2M | |
Net Tangible Assets | 3.9B | 4.9B | 2.5B | 1.1B | 1.2B | 2.0B | |
Retained Earnings Total Equity | 3.3B | 3.8B | 4.2B | 4.6B | 5.3B | 2.7B | |
Long Term Debt Total | 747.3M | 1.0B | 1.0B | 1.2B | 1.4B | 1.0B | |
Capital Surpluse | 735.2M | 783.7M | 845.4M | 897.6M | 1.0B | 723.8M |
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
Moving against Advance Stock
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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.Additional 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.