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 AutoZone Inc free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
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. See AutoZone Inc defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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 how much is AutoZone Inc worth.
| 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 | — |