Amazon.com Inc (AMZN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 201,875,000 | 182,973,000 | 168,602,000 | 154,526,000 | 146,043,000 | 137,489,000 | 131,402,000 | 134,001,000 | 138,245,000 | 120,564,000 | 114,803,000 | 103,320,000 | 93,404,000 | 82,775,000 | 73,728,000 | 65,272,000 | 62,060,000 | 56,508,000 | 53,061,000 | 48,410,000 |
| Debt-to-capital ratio | 0.22 | 0.25 | 0.27 | 0.30 | 0.31 | 0.30 | 0.31 | 0.26 | 0.26 | 0.29 | 0.30 | 0.24 | 0.25 | 0.28 | 0.31 | 0.26 | 0.27 | 0.28 | 0.31 | 0.33 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $58,314,000K ÷ ($58,314,000K + $201,875,000K)
= 0.22
The debt-to-capital ratio of Amazon.com Inc. has shown fluctuations over the past eight quarters, indicating changes in the company's leverage and capital structure. The ratio has ranged from 0.22 to 0.34 during this period.
In Q1 2022, the ratio was at 0.32, slightly lower than the ratios seen in the following quarters. This suggests that Amazon had a relatively lower level of debt compared to its capital at the beginning of the period under review.
Subsequently, the ratio increased to 0.35 in Q2 2022 before decreasing to 0.34 in Q3 2022. This fluctuation may imply that the company was actively managing its debt levels or capital structure during this time.
From Q4 2022 to Q2 2023, the ratio fluctuated between 0.31 and 0.30, showing a relatively stable but slightly increasing trend. However, in Q3 2023, there was a noticeable increase in the ratio to 0.28, indicating a potential decrease in leverage or a more capital-intensive funding structure.
Overall, the variations in Amazon's debt-to-capital ratio suggest that the company has been adjusting its debt and capital mix, potentially reflecting changes in its financing strategy, business operations, or market conditions. Further analysis of the company's financial statements and disclosures would be necessary to understand the reasons behind these fluctuations and their implications for Amazon's financial health and risk profile.
Peer comparison
Dec 31, 2023