Amazon.com Inc (AMZN)
Debt-to-equity 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-equity ratio | 0.29 | 0.33 | 0.37 | 0.43 | 0.46 | 0.43 | 0.44 | 0.35 | 0.35 | 0.42 | 0.44 | 0.31 | 0.34 | 0.40 | 0.45 | 0.36 | 0.38 | 0.40 | 0.44 | 0.48 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $58,314,000K ÷ $201,875,000K
= 0.29
The debt-to-equity ratio of Amazon.com Inc. has fluctuated over the past eight quarters, ranging from 0.29 to 0.54. A lower debt-to-equity ratio indicates that the company relies less on debt financing and has a stronger equity position.
In the fourth quarter of 2023, the ratio was at its lowest point at 0.29, suggesting a conservative capital structure with a larger proportion of equity compared to debt. This indicates a lower financial risk and potential limitations associated with debt obligations.
However, the ratio increased in subsequent quarters, reaching a peak of 0.54 in the second quarter of 2022. This increase may signal a higher reliance on debt financing to support business operations or expansion initiatives. A higher debt-to-equity ratio could result in increased financial risk due to higher interest payments and potential difficulties in servicing debt obligations.
Overall, Amazon.com Inc.'s debt-to-equity ratio demonstrates fluctuations, and investors should consider the trend over time to assess the company's leverage and risk profile accurately.
Peer comparison
Dec 31, 2023