AutoZone Inc (AZO) — Working Capital to Net Assets Ratio
AutoZone Inc (AZO) has a Working Capital to Net Assets ratio of 36.2% as of February 2026. Working capital of $-1.05 Billion (current assets of $8.83 Billion minus current liabilities of $9.89 Billion) is measured against net assets of $-2.91 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of AutoZone Inc to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
AutoZone Inc Working Capital to Net Assets (1990–2025)
This chart shows how AutoZone Inc's Working Capital to Net Assets ratio has evolved across 36 annual periods from 1990 to 2025. As of February 2026, the ratio stands at 36.2%, reflecting working capital of $-1.05 Billion against net assets of $-2.91 Billion USD. Check AZO tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for AutoZone Inc (1990–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for AutoZone Inc from 1990 to 2025, covering 36 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see AutoZone Inc (AZO) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 34.5% | $-1.18 Billion | $-3.41 Billion | $8.34 Billion | $9.52 Billion | ▲ +4.9 pp |
| 2024 | 29.6% | $-1.41 Billion | $-4.75 Billion | $7.31 Billion | $8.71 Billion | ▼ -10.2 pp |
| 2023 | 39.8% | $-1.73 Billion | $-4.35 Billion | $6.78 Billion | $8.51 Billion | ▼ -15.6 pp |
| 2022 | 55.4% | $-1.96 Billion | $-3.54 Billion | $6.63 Billion | $8.59 Billion | ▲ +2.3 pp |
| 2021 | 53.1% | $-954.45 Million | $-1.80 Billion | $6.42 Billion | $7.37 Billion | ▲ +113.3 pp |
| 2020 | -60.2% | $528.78 Million | $-877.98 Million | $6.81 Billion | $6.28 Billion | ▼ -88.4 pp |
| 2019 | 28.2% | $-483.46 Million | $-1.71 Billion | $5.03 Billion | $5.51 Billion | ▲ +2.4 pp |
| 2018 | 25.8% | $-392.81 Million | $-1.52 Billion | $4.64 Billion | $5.03 Billion | ▲ +15.0 pp |
| 2017 | 10.9% | $-155.05 Million | $-1.43 Billion | $4.61 Billion | $4.77 Billion | ▼ -14.4 pp |
| 2016 | 25.2% | $-450.75 Million | $-1.79 Billion | $4.24 Billion | $4.69 Billion | ▼ -18.6 pp |
| 2015 | 43.8% | $-743.60 Million | $-1.70 Billion | $3.97 Billion | $4.71 Billion | ▼ -16.2 pp |
| 2014 | 60.0% | $-960.48 Million | $-1.60 Billion | $3.58 Billion | $4.54 Billion | ▲ +7.2 pp |
| 2013 | 52.8% | $-891.14 Million | $-1.69 Billion | $3.28 Billion | $4.17 Billion | ▲ +9.1 pp |
| 2012 | 43.7% | $-676.65 Million | $-1.55 Billion | $2.98 Billion | $3.66 Billion | ▼ -7.2 pp |
| 2011 | 50.9% | $-638.47 Million | $-1.25 Billion | $2.79 Billion | $3.43 Billion | ▼ -10.3 pp |
| 2010 | 61.2% | $-452.14 Million | $-738.76 Million | $2.61 Billion | $3.06 Billion | ▲ +27.7 pp |
| 2009 | 33.5% | $-145.02 Million | $-433.07 Million | $2.56 Billion | $2.71 Billion | ▲ +4.3 pp |
| 2008 | 29.2% | $66.98 Million | $229.69 Million | $2.59 Billion | $2.52 Billion | ▲ +33.0 pp |
| 2007 | -3.8% | $-15.44 Million | $403.20 Million | $2.27 Billion | $2.29 Billion | ▼ -17.5 pp |
| 2006 | 13.7% | $64.36 Million | $469.53 Million | $2.12 Billion | $2.05 Billion | ▼ -16.5 pp |
| 2005 | 30.3% | $118.30 Million | $391.01 Million | $1.93 Billion | $1.81 Billion | ▲ +27.5 pp |
| 2004 | 2.7% | $4.71 Million | $171.39 Million | $1.76 Billion | $1.75 Billion | ▲ +27.0 pp |
| 2003 | -24.2% | $-90.57 Million | $373.76 Million | $1.67 Billion | $1.76 Billion | ▼ -12.1 pp |
| 2002 | -12.1% | $-83.44 Million | $689.13 Million | $1.45 Billion | $1.53 Billion | ▼ -19.2 pp |
| 2001 | 7.1% | $61.86 Million | $866.21 Million | $1.33 Billion | $1.27 Billion | ▼ -8.2 pp |
| 2000 | 15.3% | $152.24 Million | $992.18 Million | $1.19 Billion | $1.03 Billion | ▼ -1.6 pp |
| 1999 | 17.0% | $224.50 Million | $1.32 Billion | $1.23 Billion | $1.00 Billion | ▼ -2.8 pp |
| 1998 | 19.8% | $257.30 Million | $1.30 Billion | $1.12 Billion | $859.80 Million | ▲ +2.4 pp |
| 1997 | 17.3% | $186.30 Million | $1.08 Billion | $778.80 Million | $592.50 Million | ▲ +17.3 pp |
| 1996 | 0.0% | $200.00K | $865.60 Million | $613.10 Million | $612.90 Million | ▼ -4.4 pp |
| 1995 | 4.4% | $30.30 Million | $684.70 Million | $447.80 Million | $417.50 Million | ▼ -11.7 pp |
| 1994 | 16.2% | $85.40 Million | $528.40 Million | $424.40 Million | $339.00 Million | ▼ -7.1 pp |
| 1993 | 23.3% | $92.40 Million | $396.60 Million | $378.50 Million | $286.10 Million | ▼ -2.7 pp |
| 1992 | 26.0% | $73.30 Million | $282.10 Million | $280.40 Million | $207.10 Million | ▼ -1.3 pp |
| 1991 | 27.3% | $56.90 Million | $208.60 Million | $234.50 Million | $177.60 Million | ▼ -5.7 pp |
| 1990 | 33.0% | $27.90 Million | $84.60 Million | $192.80 Million | $164.90 Million | — |