Amazon.com Inc (AMZN)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	58,314,000	67,150,000	48,744,000	31,816,000	23,414,000
Total assets	US$ in thousands	527,854,000	462,675,000	420,549,000	321,195,000	225,248,000
Debt-to-assets ratio		0.11	0.15	0.12	0.10	0.10

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $58,314,000K ÷ $527,854,000K
= 0.11

The trend analysis of Amazon.com Inc.'s debt-to-assets ratio over the past five years shows fluctuations but generally indicates a conservative debt management approach. The ratio has been relatively stable, ranging from 0.10 to 0.15. A decreasing trend from 0.15 in 2022 to 0.11 in 2023 suggests a decreasing reliance on debt to finance assets.

Amazon's consistently low debt-to-assets ratio indicates that a significant portion of its assets is financed by equity rather than debt. This conservative approach to capital structure enhances the company's financial stability and reduces the risk associated with high debt levels. Overall, the trend in Amazon's debt-to-assets ratio reflects a prudent financial strategy focused on maintaining a healthy balance between debt and assets.