Current Ratio
since 2005
Calculation
Amazon.com Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 1.05 | = | 229,083) | ÷ | 218,005) |
| Dec 31, 2024 | 1.06 | = | 190,867) | ÷ | 179,431) |
| Dec 31, 2023 | 1.05 | = | 172,351) | ÷ | 164,917) |
| Dec 31, 2022 | 0.94 | = | 146,791) | ÷ | 155,393) |
| Dec 31, 2021 | 1.14 | = | 161,580) | ÷ | 142,266) |
| Dec 31, 2020 | 1.05 | = | 132,733) | ÷ | 126,385) |
| Dec 31, 2019 | 1.10 | = | 96,334) | ÷ | 87,812) |
| Dec 31, 2018 | 1.10 | = | 75,101) | ÷ | 68,391) |
| Dec 31, 2017 | 1.04 | = | 60,197) | ÷ | 57,883) |
| Dec 31, 2016 | 1.04 | = | 45,781) | ÷ | 43,816) |
| Dec 31, 2015 | 1.08 | = | 36,474) | ÷ | 33,899) |
| Dec 31, 2014 | 1.12 | = | 31,327) | ÷ | 28,089) |
| Dec 31, 2013 | 1.07 | = | 24,625) | ÷ | 22,980) |
| Dec 31, 2012 | 1.12 | = | 21,296) | ÷ | 19,002) |
| Dec 31, 2011 | 1.17 | = | 17,490) | ÷ | 14,896) |
| Dec 31, 2010 | 1.33 | = | 13,747) | ÷ | 10,372) |
| Dec 31, 2009 | 1.33 | = | 9,797) | ÷ | 7,364) |
| Dec 31, 2008 | 1.30 | = | 6,157) | ÷ | 4,746) |
| Dec 31, 2007 | 1.39 | = | 5,164) | ÷ | 3,714) |
| Dec 31, 2006 | 1.33 | = | 3,373) | ÷ | 2,532) |
| Dec 31, 2005 | 1.52 | = | 2,929) | ÷ | 1,929) |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The current ratio exhibited a fluctuating pattern over the period from 2005 to 2025. Initially, the ratio decreased from 1.52 in 2005 to 1.33 in 2006, followed by a slight increase to 1.39 in 2007. A subsequent decline was observed through 2008 and 2009, reaching 1.30 and 1.33 respectively. The ratio remained relatively stable at 1.33 in 2010 before beginning a consistent downward trend.
- Overall Trend
- From 2011 to 2016, the current ratio generally decreased, falling from 1.17 to a low of 1.04 in 2016. This indicates a diminishing ability to cover short-term liabilities with short-term assets during this period. A slight recovery occurred in 2017 and 2018, with the ratio increasing to 1.10. However, this improvement was short-lived, as the ratio decreased again in 2019 and 2020, reaching 1.05.
A notable dip to 0.94 was recorded in 2022, representing the lowest point in the observed period. This suggests a potential liquidity concern in that year. The ratio experienced a modest rebound in 2023 and 2024, reaching 1.05 and 1.06 respectively. The final year observed, 2025, showed a slight decrease to 1.05.
- Long-Term Perspective
- Over the entire 20-year period, the current ratio demonstrated a general tendency towards lower values. While fluctuations occurred, the ratio consistently remained above 1.00, indicating that short-term assets generally exceeded short-term liabilities. However, the trend suggests a gradual erosion of the company’s short-term liquidity position.
The period between 2011 and 2016 shows a clear weakening of the current ratio, while the period from 2017 to 2019 shows a stabilization, followed by a renewed decline in 2020 and a significant drop in 2022. The subsequent recovery in 2023 and 2024 was limited, and the ratio ended the period at a similar level to that observed in the mid-2010s.
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Comparison to Competitors
Amazon.com Inc., current ratio, long-term trends, comparison to competitors
| Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|
| Dec 31, 2025 | 1.05 | 1.11 | 1.09 | 1.18 |
| Dec 31, 2024 | 1.06 | 1.35 | 1.23 | 1.21 |
| Dec 31, 2023 | 1.05 | 1.41 | 1.10 | 1.21 |
| Dec 31, 2022 | 0.94 | 1.01 | 1.02 | 1.27 |
| Dec 31, 2021 | 1.14 | 1.23 | 1.19 | 1.46 |
| Dec 31, 2020 | 1.05 | 1.08 | 1.01 | 1.24 |
| Dec 31, 2019 | 1.10 | 1.11 | 0.98 | 1.53 |
| Dec 31, 2018 | 1.10 | 1.17 | 1.06 | 1.66 |
| Dec 31, 2017 | 1.04 | 1.25 | 1.00 | 1.63 |
| Dec 31, 2016 | 1.04 | 1.36 | 1.01 | 1.54 |
| Dec 31, 2015 | 1.08 | 1.36 | 1.08 | 1.71 |
| Dec 31, 2014 | 1.12 | 1.42 | 1.16 | 1.72 |
| Dec 31, 2013 | 1.07 | 1.34 | 1.27 | 1.52 |
| Dec 31, 2012 | 1.12 | 1.55 | 1.28 | 1.68 |
| Dec 31, 2011 | 1.17 | 1.33 | 1.40 | 1.63 |
| Dec 31, 2010 | 1.33 | 1.34 | 1.32 | 1.66 |
| Dec 31, 2009 | 1.33 | 1.20 | 1.15 | 1.31 |
| Dec 31, 2008 | 1.30 | 1.15 | 1.12 | 1.45 |
| Dec 31, 2007 | 1.39 | 1.39 | 1.27 | 1.57 |
| Dec 31, 2006 | 1.33 | 1.19 | 1.34 | 1.39 |
| Dec 31, 2005 | 1.52 | 1.35 | 1.22 | 1.32 |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Amazon.com Inc., current ratio, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Amazon.com Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Dec 31, 2025 | 1.05 | 1.06 |
| Dec 31, 2024 | 1.06 | 1.11 |
| Dec 31, 2023 | 1.05 | 1.10 |
| Dec 31, 2022 | 0.94 | 0.98 |
| Dec 31, 2021 | 1.14 | 1.17 |
| Dec 31, 2020 | 1.05 | 1.06 |
| Dec 31, 2019 | 1.10 | 1.10 |
| Dec 31, 2018 | 1.10 | 1.13 |
| Dec 31, 2017 | 1.04 | 1.10 |
| Dec 31, 2016 | 1.04 | 1.12 |
| Dec 31, 2015 | 1.08 | 1.17 |
| Dec 31, 2014 | 1.12 | 1.23 |
| Dec 31, 2013 | 1.07 | 1.21 |
| Dec 31, 2012 | 1.12 | 1.30 |
| Dec 31, 2011 | 1.17 | 1.31 |
| Dec 31, 2010 | 1.33 | 1.36 |
| Dec 31, 2009 | 1.33 | 1.23 |
| Dec 31, 2008 | 1.30 | 1.20 |
| Dec 31, 2007 | 1.39 | 1.38 |
| Dec 31, 2006 | 1.33 | 1.26 |
| Dec 31, 2005 | 1.52 | 1.32 |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
Amazon.com Inc., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Amazon.com Inc. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2025 | 1.05 | 1.18 |
| Dec 31, 2024 | 1.06 | 1.22 |
| Dec 31, 2023 | 1.05 | 1.20 |
| Dec 31, 2022 | 0.94 | 1.15 |
| Dec 31, 2021 | 1.14 | 1.25 |
| Dec 31, 2020 | 1.05 | 1.19 |
| Dec 31, 2019 | 1.10 | 1.10 |
| Dec 31, 2018 | 1.10 | 1.15 |
| Dec 31, 2017 | 1.04 | 1.15 |
| Dec 31, 2016 | 1.04 | 1.12 |
| Dec 31, 2015 | 1.08 | 1.25 |
| Dec 31, 2014 | 1.12 | 1.11 |
| Dec 31, 2013 | 1.07 | 1.15 |
| Dec 31, 2012 | 1.12 | 1.14 |
| Dec 31, 2011 | 1.17 | 1.31 |
| Dec 31, 2010 | 1.33 | 1.24 |
| Dec 31, 2009 | 1.33 | 1.25 |
| Dec 31, 2008 | 1.30 | 0.96 |
| Dec 31, 2007 | 1.39 | 1.21 |
| Dec 31, 2006 | 1.33 | 1.15 |
| Dec 31, 2005 | 1.52 | 1.10 |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).