Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | N/A | $11,840 | $12,018 | $12,276 | $10,798 |
| Liabilities | N/A | $8,280 | $9,340 | $9,757 | $8,628 |
| Equity | N/A | $3,560 | $2,678 | $2,520 | $2,170 |
Balance sheet data in USD (millions)
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Edwyn
Over the past five years, Advance Auto Parts, Inc. has shown a mixed financial performance based on the balance sheet data provided. The total assets of the company have fluctuated, peaking in 2023 at $12.28 billion before decreasing to $10.80 billion in 2024. This decline in total assets could be a red flag, indicating potential challenges in the company's growth or investment strategies. On the liabilities side, there has been a steady increase in total liabilities from 2020 to 2023, reaching $9.76 billion, before experiencing a slight decrease in 2024 to $8.63 billion. This trend suggests that the company has been relying more on debt financing, which may increase its financial risk in the long run. Stockholders' equity has also fluctuated significantly, with a notable decrease in 2024 compared to the previous years. This decline could be attributed to a decrease in profitability or potential write-downs that impacted the company's retained earnings. It is crucial for Advance Auto Parts, Inc. to closely monitor its financial position and implement strategies to improve its profitability and financial stability in the competitive retail industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.