Amazon.com Inc (AMZN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 190,867,000 | 172,351,000 | 146,791,000 | 161,580,000 | 132,733,000 |
| Total current liabilities | US$ in thousands | 179,431,000 | 164,917,000 | 155,393,000 | 142,266,000 | 126,385,000 |
| Current ratio | 1.06 | 1.05 | 0.94 | 1.14 | 1.05 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $190,867,000K ÷ $179,431,000K
= 1.06
Amazon.com Inc's current ratio has fluctuated over the past five years. As of December 31, 2020, the current ratio was 1.05, indicating that the company had just enough current assets to cover its current liabilities. By December 31, 2021, the current ratio improved to 1.14, suggesting a stronger liquidity position.
However, there was a decline in the current ratio to 0.94 by the end of 2022, which may raise concerns about Amazon's ability to meet its short-term obligations with its current assets. The current ratio rebounded to 1.05 by the end of 2023, showing some improvement in liquidity.
As of December 31, 2024, the current ratio stood at 1.06, indicating a relatively stable liquidity position compared to the previous year. Despite the fluctuations, Amazon has generally maintained a current ratio above 1, implying its ability to cover short-term obligations, but investors should continue to monitor this ratio for any potential liquidity challenges in the future.
Peer comparison
Dec 31, 2024