Amazon.com Inc (AMZN)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	52,623,000	54,890,000	54,889,000	57,634,000	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
Total stockholders’ equity	US$ in thousands	285,970,000	259,151,000	236,447,000	216,661,000	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
Debt-to-capital ratio		0.16	0.17	0.19	0.21	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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $52,623,000K ÷ ($52,623,000K + $285,970,000K)
= 0.16

The debt-to-capital ratio of Amazon.com Inc has shown a fluctuating trend over the analyzed period from March 31, 2020, to December 31, 2024. The ratio started at 0.26 in March 2020, increased to 0.31 by June 2020, before slightly decreasing to 0.25 by December 2020. It then gradually declined to 0.21 by March 2024 and further decreased to 0.16 by December 2024.

Overall, the decreasing trend in the debt-to-capital ratio indicates that Amazon.com Inc has been reducing its reliance on debt to finance its operations in comparison to its capital structure over the period. This trend may suggest improved financial stability and reduced financial risk for the company as a lower debt-to-capital ratio signifies a lower proportion of debt in the capital structure relative to equity.