Amazon.com Inc (AMZN)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 172,351,000 | 142,995,000 | 140,482,000 | 136,221,000 | 146,791,000 | 131,463,000 | 133,667,000 | 133,876,000 | 161,580,000 | 138,531,000 | 140,848,000 | 121,408,000 | 132,733,000 | 112,969,000 | 110,908,000 | 85,985,000 | 96,334,000 | 79,054,000 | 76,790,000 | 69,431,000 |
| Total current liabilities | US$ in thousands | 164,917,000 | 145,214,000 | 148,238,000 | 147,570,000 | 155,393,000 | 140,363,000 | 140,291,000 | 139,508,000 | 142,266,000 | 123,994,000 | 117,792,000 | 115,404,000 | 126,385,000 | 101,912,000 | 93,896,000 | 79,711,000 | 87,812,000 | 72,136,000 | 69,678,000 | 63,695,000 |
| Current ratio | 1.05 | 0.98 | 0.95 | 0.92 | 0.94 | 0.94 | 0.95 | 0.96 | 1.14 | 1.12 | 1.20 | 1.05 | 1.05 | 1.11 | 1.18 | 1.08 | 1.10 | 1.10 | 1.10 | 1.09 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $172,351,000K ÷ $164,917,000K
= 1.05
The current ratio of Amazon.com Inc. over the past eight quarters has ranged from 0.92 to 1.05. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
The trend in Amazon's current ratio shows slight fluctuations over the quarters, indicating fluctuations in the company's liquidity position. While the current ratio has generally been stable around the range of 0.92 to 1.05, it dipped to its lowest point of 0.92 in Q1 2023 and peaked at 1.05 in Q4 2023. The current ratio being above 1 in most quarters suggests that Amazon has generally been able to meet its short-term obligations using its current assets.
It is essential to note that while a current ratio above 1 is considered healthy, a very high current ratio could indicate that the company is holding too many current assets that might be better utilized elsewhere. Conversely, a current ratio below 1 may raise concerns about the company's ability to meet its short-term liabilities.
In conclusion, Amazon.com Inc.'s current ratio has shown relative stability within a healthy range over the past eight quarters, suggesting the company's ability to meet its short-term obligations with its current assets.
Peer comparison
Dec 31, 2023