AutoZone Inc (AZO) — Tangible Net Worth Ratio
AutoZone Inc (AZO) has a Tangible Net Worth Ratio of -404.4% as of November 2008. This metric is calculated by deducting intangible assets ($302.64 Million) from net assets ($60.00 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See how liquid is AutoZone Inc's working capital to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
AutoZone Inc Tangible Net Worth Ratio (1990–2008)
This chart shows how AutoZone Inc's Tangible Net Worth Ratio has changed across 19 annual periods from 1990 to 2008. As of November 2008, the ratio stands at -404.4%, reflecting net assets of $60.00 Million with intangible assets of $302.64 Million USD. See AZO cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for AutoZone Inc (1990–2008)
The table below presents the year-by-year Tangible Net Worth Ratio for AutoZone Inc from 1990 to 2008, covering 19 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see AZO market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2008 | -31.8% | $229.69 Million | $302.64 Million | $5.26 Billion | ▼ -56.7 pp |
| 2007 | 24.9% | $403.20 Million | $302.64 Million | $4.80 Billion | ▼ -10.6 pp |
| 2006 | 35.5% | $469.53 Million | $302.64 Million | $4.53 Billion | ▲ +13.0 pp |
| 2005 | 22.6% | $391.01 Million | $302.70 Million | $4.25 Billion | ▲ +98.2 pp |
| 2004 | -75.6% | $171.39 Million | $301.01 Million | $3.91 Billion | ▼ -96.9 pp |
| 2003 | 21.2% | $373.76 Million | $294.35 Million | $3.77 Billion | ▼ -34.4 pp |
| 2002 | 55.7% | $689.13 Million | $305.39 Million | $3.48 Billion | ▼ -9.1 pp |
| 2001 | 64.7% | $866.21 Million | $305.39 Million | $3.43 Billion | ▼ -2.6 pp |
| 2000 | 67.3% | $992.18 Million | $324.49 Million | $3.33 Billion | ▼ -7.2 pp |
| 1999 | 74.5% | $1.32 Billion | $337.30 Million | $3.28 Billion | ▼ -11.6 pp |
| 1998 | 86.1% | $1.30 Billion | $181.30 Million | $2.75 Billion | ▼ -12.4 pp |
| 1997 | 98.5% | $1.08 Billion | $16.60 Million | $1.88 Billion | ▲ +0.4 pp |
| 1996 | 98.0% | $865.60 Million | $17.20 Million | $1.50 Billion | ▲ +0.6 pp |
| 1995 | 97.4% | $684.70 Million | $17.80 Million | $1.11 Billion | ▲ +0.9 pp |
| 1994 | 96.5% | $528.40 Million | $18.40 Million | $882.10 Million | ▲ +1.3 pp |
| 1993 | 95.2% | $396.60 Million | $19.00 Million | $696.50 Million | ▲ +2.2 pp |
| 1992 | 93.0% | $282.10 Million | $19.70 Million | $502.10 Million | ▲ +2.7 pp |
| 1991 | 90.3% | $208.60 Million | $20.30 Million | $398.90 Million | ▲ +15.0 pp |
| 1990 | 75.3% | $84.60 Million | $20.90 Million | $328.40 Million | — |