Advance Auto Corporate Bonds and Current Financial Leverage

AAP -- USA Stock  

USD 165.12  1.81  1.08%

Advance Auto financial leverage is the degree to which the firm utilises its fixed-income securities. Companies with high leverage are usually considered to be at financial risk. Advance Auto Parts financial risk is the risk to Advance Auto stockholders that is caused by an increase in debt. In other words with a high degree of financial leverage come high interest payments which usually reduces Earnings Per Share (EPS). Check also analysis of Advance Auto Fundamentals Over Time.

Advance Auto Financial Leverage Rating

Tolerable
Total Macroaxis Rating
 
BBB-
Average S&P Rating

Advance Auto Parts Debt to Cash Allocation

The company has 1.05 B in debt with debt to equity (D/E) ratio of 28.5 . This implies that the company may be unable to create cash to meet all of its financial commitments. Advance Auto Parts has Current Ratio of 1.6 which is typical for the industry and considered as normal.

Advance Auto Accumulated Other Comprehensive Income Over Time

 
 
Piotroski F Score   
6  Healthy

Advance Auto Corporate Bonds Issued

Issue DateMaturityCouponRef CouponS&P Rating
00751YAA4 5.75%04/29/201005/01/20205.751.5
BBB-
00751YAB2 4.5%01/17/201201/15/20224.52.0
BBB-
00751YAC0 4.5%12/03/201312/01/20234.52.25
BBB-

Advance Auto Parts Historical Liabilities

Total Debt

Advance Auto Parts Historical Debt Patterns

Total Debt

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Advance Auto Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Advance Auto and Bjs Wholesale Club. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Check also analysis of Advance Auto Fundamentals Over Time. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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