Amazon.com Inc (AMZN)

Debt-to-assets 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
Long-term debt	US$ in thousands	58,314,000	61,098,000	63,092,000	67,084,000	67,150,000	58,919,000	58,053,000	47,556,000	48,744,000	50,055,000	50,279,000	31,868,000	31,816,000	32,929,000	33,128,000	23,437,000	23,414,000	22,472,000	23,329,000	23,322,000
Total assets	US$ in thousands	527,854,000	486,883,000	477,607,000	464,378,000	462,675,000	428,362,000	419,728,000	410,767,000	420,549,000	382,406,000	360,319,000	323,077,000	321,195,000	282,179,000	258,314,000	221,238,000	225,248,000	199,099,000	191,351,000	178,102,000
Debt-to-assets ratio		0.11	0.13	0.13	0.14	0.15	0.14	0.14	0.12	0.12	0.13	0.14	0.10	0.10	0.12	0.13	0.11	0.10	0.11	0.12	0.13

December 31, 2023 calculation

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

Amazon.com Inc.'s debt-to-assets ratio has shown fluctuations over the past eight quarters. The ratio ranged from 0.11 to 0.17 during this period. A lower debt-to-assets ratio indicates that the company relies less on debt financing compared to its total assets, reflecting a lower financial risk.

In Q4 2023, the debt-to-assets ratio was at its lowest point of 0.11, indicating a conservative approach to debt management. However, the ratio increased in the following quarters Q1 and Q2 2023 to 0.17, signaling a potential increase in the company's reliance on debt financing.

Throughout the analyzed period, the debt-to-assets ratio generally stayed within a relatively narrow range of 0.11 to 0.17, with minor fluctuations. This suggests Amazon has maintained a balanced mix of debt and equity in its capital structure. It is essential for investors and stakeholders to monitor this ratio to understand the company's financial risk and leverage levels.