Analysis of Debt
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- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
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Total Debt (Carrying Amount)
Amazon.com Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The data reveals notable fluctuations and trends in the composition and total amounts of debt and finance leases over the five-year period ending in 2024.
- Current Portion of Lease Liabilities (Finance Leases)
- There is a clear downward trend in the current portion of lease liabilities. Starting at 10,374 million US dollars in 2020, the amount decreased steadily each year, reaching 1,375 million US dollars by 2024. This consistent decline suggests a reduction in short-term lease obligations over the period.
- Current Portion of Long-Term Debt
- The current portion of long-term debt shows variability with an overall increasing trend until 2023, followed by a decline in 2024. The amount increased from 1,155 million US dollars in 2020 to a peak of 8,494 million US dollars in 2023 before decreasing to 5,017 million US dollars in 2024. This pattern may indicate reclassification or refinancing activity impacting short-term debt obligations.
- Long-Term Lease Liabilities (Excluding Current Portion)
- A downward trend is observed in the long-term lease liabilities, decreasing from 18,060 million US dollars in 2020 to 9,227 million US dollars in 2024. The steady reduction signals a systematic decrease in long-term leased asset obligations over the period.
- Long-Term Debt (Excluding Current Portion)
- Long-term debt excluding the current portion increased significantly from 31,816 million US dollars in 2020 to a peak of 67,150 million US dollars in 2022. Subsequently, it declined in the following years, reaching 52,623 million US dollars by 2024. The initial substantial rise suggests increased borrowing or issuance of debt, followed by gradual repayments or refinancing.
- Total Debt and Finance Leases (Carrying Amount)
- Total debt peaked in 2022 at 85,932 million US dollars, reflecting the rise in long-term debt during the same period. After this peak, the total debt reduced progressively to 68,242 million US dollars in 2024. This overall pattern indicates a phase of debt accumulation until 2022, followed by a strategic reduction in total liabilities.
In summary, the company demonstrated a strategic approach to managing its liabilities characterized by a reduction in lease-related obligations and a period of increased borrowing culminating in 2022, followed by deleveraging efforts post-2022. The data reflects active debt management with an emphasis on reducing lease liabilities and controlling the maturity profile of the debt.
Total Debt (Fair Value)
| Dec 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Notes | |
| Credit Facility | |
| Other long-term debt | |
| Present value of lease liabilities, finance leases | |
| Total debt and finance leases (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt and finance leases:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =