AutoZone Inc (AZO) — Working Capital to Net Assets Ratio
AutoZone Inc (AZO) has a Working Capital to Net Assets ratio of 39.5% as of May 2026. Working capital of $-1.10 Billion (current assets of $8.93 Billion minus current liabilities of $10.04 Billion) is measured against net assets of $-2.78 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how many days can AutoZone Inc fund operations to measure how many days the company can operate on defensive assets alone.
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 May 2026, the ratio stands at 39.5%, reflecting working capital of $-1.10 Billion against net assets of $-2.78 Billion USD. For the complete balance sheet picture, see AZO total asset value.
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. Check AutoZone Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |