Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

$19.99

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

Amazon.com Inc., solvency ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Debt Ratios
Debt to equity
Debt to equity (including operating lease liability)
Debt to capital
Debt to capital (including operating lease liability)
Debt to assets
Debt to assets (including operating lease liability)
Financial leverage
Coverage Ratios
Interest coverage
Fixed charge coverage

Based on: 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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Amazon.com Inc. debt to equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Amazon.com Inc. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Amazon.com Inc. debt to capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Amazon.com Inc. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Amazon.com Inc. debt to assets ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Amazon.com Inc. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Amazon.com Inc. financial leverage ratio decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Amazon.com Inc. interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Amazon.com Inc. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Debt to Equity

Amazon.com Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases
Current portion of long-term debt
Long-term lease liabilities, finance leases, excluding current portion
Long-term debt, excluding current portion
Total debt
 
Stockholders’ equity
Solvency Ratio
Debt to equity1
Benchmarks
Debt to Equity, Competitors2
Booking Holdings Inc.
Dollar General Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Equity, Sector
Retailing
Debt to Equity, Industry
Consumer Discretionary

Based on: 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).

1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Amazon.com Inc. debt to equity ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

Debt to Equity (including Operating Lease Liability)

Amazon.com Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases
Current portion of long-term debt
Long-term lease liabilities, finance leases, excluding current portion
Long-term debt, excluding current portion
Total debt
Current portion of lease liabilities, operating leases
Long-term lease liabilities, operating leases, excluding current portion
Total debt (including operating lease liability)
 
Stockholders’ equity
Solvency Ratio
Debt to equity (including operating lease liability)1
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Booking Holdings Inc.
Dollar General Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Equity (including Operating Lease Liability), Sector
Retailing
Debt to Equity (including Operating Lease Liability), Industry
Consumer Discretionary

Based on: 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).

1 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Amazon.com Inc. debt to equity ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Debt to Capital

Amazon.com Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases
Current portion of long-term debt
Long-term lease liabilities, finance leases, excluding current portion
Long-term debt, excluding current portion
Total debt
Stockholders’ equity
Total capital
Solvency Ratio
Debt to capital1
Benchmarks
Debt to Capital, Competitors2
Booking Holdings Inc.
Dollar General Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Capital, Sector
Retailing
Debt to Capital, Industry
Consumer Discretionary

Based on: 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).

1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Amazon.com Inc. debt to capital ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

Debt to Capital (including Operating Lease Liability)

Amazon.com Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases
Current portion of long-term debt
Long-term lease liabilities, finance leases, excluding current portion
Long-term debt, excluding current portion
Total debt
Current portion of lease liabilities, operating leases
Long-term lease liabilities, operating leases, excluding current portion
Total debt (including operating lease liability)
Stockholders’ equity
Total capital (including operating lease liability)
Solvency Ratio
Debt to capital (including operating lease liability)1
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Booking Holdings Inc.
Dollar General Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Capital (including Operating Lease Liability), Sector
Retailing
Debt to Capital (including Operating Lease Liability), Industry
Consumer Discretionary

Based on: 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).

1 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Amazon.com Inc. debt to capital ratio (including operating lease liability) improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Debt to Assets

Amazon.com Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases
Current portion of long-term debt
Long-term lease liabilities, finance leases, excluding current portion
Long-term debt, excluding current portion
Total debt
 
Total assets
Solvency Ratio
Debt to assets1
Benchmarks
Debt to Assets, Competitors2
Booking Holdings Inc.
Dollar General Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Assets, Sector
Retailing
Debt to Assets, Industry
Consumer Discretionary

Based on: 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).

1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Amazon.com Inc. debt to assets ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Debt to Assets (including Operating Lease Liability)

Amazon.com Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases
Current portion of long-term debt
Long-term lease liabilities, finance leases, excluding current portion
Long-term debt, excluding current portion
Total debt
Current portion of lease liabilities, operating leases
Long-term lease liabilities, operating leases, excluding current portion
Total debt (including operating lease liability)
 
Total assets
Solvency Ratio
Debt to assets (including operating lease liability)1
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Booking Holdings Inc.
Dollar General Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Debt to Assets (including Operating Lease Liability), Sector
Retailing
Debt to Assets (including Operating Lease Liability), Industry
Consumer Discretionary

Based on: 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).

1 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Amazon.com Inc. debt to assets ratio (including operating lease liability) deteriorated from 2020 to 2021 and from 2021 to 2022.

Financial Leverage

Amazon.com Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Total assets
Stockholders’ equity
Solvency Ratio
Financial leverage1
Benchmarks
Financial Leverage, Competitors2
Booking Holdings Inc.
Dollar General Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Financial Leverage, Sector
Retailing
Financial Leverage, Industry
Consumer Discretionary

Based on: 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).

1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Amazon.com Inc. financial leverage ratio decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

Interest Coverage

Amazon.com Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net income (loss)
Add: Income tax expense
Add: Interest expense
Earnings before interest and tax (EBIT)
Solvency Ratio
Interest coverage1
Benchmarks
Interest Coverage, Competitors2
Booking Holdings Inc.
Dollar General Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Interest Coverage, Sector
Retailing
Interest Coverage, Industry
Consumer Discretionary

Based on: 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).

1 2022 Calculation
Interest coverage = EBIT ÷ Interest expense
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Amazon.com Inc. interest coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.

Fixed Charge Coverage

Amazon.com Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net income (loss)
Add: Income tax expense
Add: Interest expense
Earnings before interest and tax (EBIT)
Add: Operating lease cost
Earnings before fixed charges and tax
 
Interest expense
Operating lease cost
Fixed charges
Solvency Ratio
Fixed charge coverage1
Benchmarks
Fixed Charge Coverage, Competitors2
Booking Holdings Inc.
Dollar General Corp.
Home Depot Inc.
Lowe’s Cos. Inc.
Target Corp.
Fixed Charge Coverage, Sector
Retailing
Fixed Charge Coverage, Industry
Consumer Discretionary

Based on: 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).

1 2022 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= ÷ =

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Amazon.com Inc. fixed charge coverage ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022.