Amazon.com Inc. (AMZN)


Long-term Debt and Solvency Analysis
Quarterly Data

Difficulty: Beginner


Ratios (Summary)

Amazon.com Inc., debt and solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Debt Ratios
Debt to equity 0.47 0.51 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56 0.63 0.75 0.81 0.89 0.91 0.38 0.38 0.38
Debt to equity (including operating lease liability) 1.13 1.20 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56 0.63 0.75 0.81 0.89 0.91 0.38 0.38 0.38
Debt to capital 0.32 0.34 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36 0.39 0.43 0.45 0.47 0.48 0.28 0.27 0.28
Debt to capital (including operating lease liability) 0.53 0.55 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36 0.39 0.43 0.45 0.47 0.48 0.28 0.27 0.28
Debt to assets 0.13 0.14 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14 0.13 0.17 0.18 0.19 0.18 0.10 0.10 0.11
Debt to assets (including operating lease liability) 0.31 0.33 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14 0.13 0.17 0.18 0.19 0.18 0.10 0.10 0.11
Financial leverage 3.61 3.68 3.73 3.67 3.83 4.02 4.74 4.67 3.78 3.74 4.32 3.99 3.93 4.14 4.89 4.52 4.46 4.61 5.07 3.91 3.57 3.52
Coverage Ratios
Interest coverage 10.39 10.46 8.95 8.15 6.41 5.59 5.48 5.81 7.12 8.43 8.84 8.67 8.18 6.47 4.37 3.46 1.42 0.15 0.65

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-01-29), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-01-30), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

Ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Amazon.com Inc.’s debt to equity ratio improved from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Amazon.com Inc.’s debt to equity (including operating lease liability) ratio deteriorated from Q4 2018 to Q1 2019 but then slightly improved from Q1 2019 to Q2 2019.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Amazon.com Inc.’s debt to capital ratio improved from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Debt to capital (including operating lease liability) ratio 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.’s debt to capital (including operating lease liability) ratio deteriorated from Q4 2018 to Q1 2019 but then slightly improved from Q1 2019 to Q2 2019.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Amazon.com Inc.’s debt to assets ratio improved from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Amazon.com Inc.’s debt to assets (including operating lease liability) ratio deteriorated from Q4 2018 to Q1 2019 but then slightly improved from Q1 2019 to Q2 2019.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Amazon.com Inc.’s financial leverage ratio improved from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Amazon.com Inc.’s interest coverage ratio improved from Q4 2018 to Q1 2019 but then slightly deteriorated from Q1 2019 to Q2 2019.

Debt to Equity

Amazon.com Inc., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Current portion of long-term debt 1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90  238  1,117  1,259  1,377  1,520  864  860  784 
Long-term debt, excluding current portion 23,329  23,322  23,495  24,684  24,638  24,640  24,743  24,710  7,683  7,691  7,694  8,205  8,212  8,219  8,235  8,243  8,250  8,257  8,265  3,099  3,119  3,147 
Total debt 24,965  24,930  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309  8,473  9,360  9,509  9,634  9,785  3,963  3,979  3,931 
 
Stockholders’ equity 53,061  48,410  43,549  39,125  34,995  31,463  27,709  24,658  23,214  21,674  19,285  17,782  16,538  14,756  13,384  12,430  11,768  10,873  10,741  10,336  10,602  10,328 
Ratio
Debt to equity1 0.47 0.51 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56 0.63 0.75 0.81 0.89 0.91 0.38 0.38 0.38
Benchmarks
Debt to Equity, Competitors2
Costco Wholesale Corp. 0.47 0.49 0.51 0.54 0.56 0.60 0.62 0.40 0.41 0.43 0.43 0.44 0.45 0.56 0.58 0.57 0.49 0.41 0.41 0.42 0.43 0.44
eBay Inc. 2.27 1.78 1.47 1.33 1.29 1.21 1.24 0.89 1.00 0.77 0.85 1.32 1.40 1.43 1.03 1.15 0.38 0.39 0.38 0.38 0.28 0.21
Home Depot Inc. 12.69 15.29 18.59 10.06 7.03 5.79 5.45 4.07 3.15 3.31 3.37 2.74 2.24 1.83 1.84 1.65 1.46 1.21 1.18 1.13 0.82 0.78
Lowe’s Cos. Inc. 2.74 2.76 2.89 2.79 2.91 2.90 2.44 2.30 2.29 2.14 1.65 1.50 1.31 1.20 1.14 1.06 0.90 0.88 0.89 0.80 0.69 0.68
Netflix Inc. 2.06 1.81 1.98 1.66 1.86 1.63 1.81 1.47 1.55 1.13 1.26 0.94 0.98 1.02 1.07 1.11 1.18 1.26 0.48 0.52 0.56 0.61
Target Corp. 1.00 1.02 0.99 1.13 1.10 1.16 1.16 1.16 1.10 1.13 0.98 0.96 0.91 0.90 0.91 0.80 0.79 0.78 0.85 0.92 0.90 0.86
TJX Cos. Inc. 0.43 0.42 0.43 0.48 0.49 0.49 0.49 0.51 0.36 0.36 0.38 0.37 0.38 0.38 0.38 0.37 0.38 0.30 0.30 0.31 0.33 0.34
Walmart Inc. 0.76 0.61 0.60 0.66 0.62 0.63 0.59 0.64 0.62 0.67 0.62 0.66 0.62 0.66 0.62 0.70 0.70 0.76 0.74 0.84 0.80 0.81

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-01-29), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-01-30), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

1 Q2 2019 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 24,965 ÷ 53,061 = 0.47

2 Click competitor name to see calculations.

Ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Amazon.com Inc.’s debt to equity ratio improved from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Debt to Equity (including Operating Lease Liability)

Amazon.com Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Current portion of long-term debt 1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90  238  1,117  1,259  1,377  1,520  864  860  784 
Long-term debt, excluding current portion 23,329  23,322  23,495  24,684  24,638  24,640  24,743  24,710  7,683  7,691  7,694  8,205  8,212  8,219  8,235  8,243  8,250  8,257  8,265  3,099  3,119  3,147 
Total debt 24,965  24,930  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309  8,473  9,360  9,509  9,634  9,785  3,963  3,979  3,931 
Long-term lease liabilities 35,134  33,275  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 60,099  58,205  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309  8,473  9,360  9,509  9,634  9,785  3,963  3,979  3,931 
 
Stockholders’ equity 53,061  48,410  43,549  39,125  34,995  31,463  27,709  24,658  23,214  21,674  19,285  17,782  16,538  14,756  13,384  12,430  11,768  10,873  10,741  10,336  10,602  10,328 
Ratio
Debt to equity (including operating lease liability)1 1.13 1.20 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56 0.63 0.75 0.81 0.89 0.91 0.38 0.38 0.38
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
eBay Inc. 2.39 1.88 1.47 1.33 1.29 1.21 1.24 0.89 1.00 0.77 0.85 1.32 1.40 1.43 1.03 1.15 0.38 0.39 0.38 0.38 0.28 0.21
Home Depot Inc. 12.69 15.29 18.59 10.06 7.03 5.79 5.45 4.07 3.15 3.31 3.37 2.74 2.24 1.83 1.84 1.65 1.46 1.21 1.18 1.13 0.82 0.78
Lowe’s Cos. Inc. 2.74 2.76 2.89 2.79 2.91 2.90 2.44 2.30 2.29 2.14 1.65 1.50 1.31 1.20 1.14 1.06 0.90 0.88 0.89 0.80 0.69 0.68
Target Corp. 1.18 1.20 0.99 1.13 1.10 1.16 1.16 1.16 1.10 1.13 0.98 0.96 0.91 0.90 0.91 0.80 0.79 0.78 0.85 0.92 0.90 0.86
TJX Cos. Inc. 0.43 0.42 0.43 0.48 0.49 0.49 0.49 0.51 0.36 0.36 0.38 0.37 0.38 0.38 0.38 0.37 0.38 0.30 0.30 0.31 0.33 0.34
Walmart Inc. 0.76 0.61 0.60 0.66 0.62 0.63 0.59 0.64 0.62 0.67 0.62 0.66 0.62 0.66 0.62 0.70 0.70 0.76 0.74 0.84 0.80 0.81

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-01-29), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-01-30), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

1 Q2 2019 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 60,099 ÷ 53,061 = 1.13

2 Click competitor name to see calculations.

Ratio Description The company
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Amazon.com Inc.’s debt to equity (including operating lease liability) ratio deteriorated from Q4 2018 to Q1 2019 but then slightly improved from Q1 2019 to Q2 2019.

Debt to Capital

Amazon.com Inc., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Current portion of long-term debt 1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90  238  1,117  1,259  1,377  1,520  864  860  784 
Long-term debt, excluding current portion 23,329  23,322  23,495  24,684  24,638  24,640  24,743  24,710  7,683  7,691  7,694  8,205  8,212  8,219  8,235  8,243  8,250  8,257  8,265  3,099  3,119  3,147 
Total debt 24,965  24,930  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309  8,473  9,360  9,509  9,634  9,785  3,963  3,979  3,931 
Stockholders’ equity 53,061  48,410  43,549  39,125  34,995  31,463  27,709  24,658  23,214  21,674  19,285  17,782  16,538  14,756  13,384  12,430  11,768  10,873  10,741  10,336  10,602  10,328 
Total capital 78,026  73,340  68,415  63,853  59,664  56,156  52,552  50,405  31,960  30,414  28,035  26,035  24,791  23,065  21,857  21,790  21,277  20,507  20,526  14,299  14,581  14,259 
Ratio
Debt to capital1 0.32 0.34 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36 0.39 0.43 0.45 0.47 0.48 0.28 0.27 0.28
Benchmarks
Debt to Capital, Competitors2
Costco Wholesale Corp. 0.32 0.33 0.34 0.35 0.36 0.37 0.38 0.29 0.29 0.30 0.30 0.31 0.31 0.36 0.37 0.36 0.33 0.29 0.29 0.30 0.30 0.31
eBay Inc. 0.69 0.64 0.60 0.57 0.56 0.55 0.55 0.47 0.50 0.44 0.46 0.57 0.58 0.59 0.51 0.53 0.28 0.28 0.28 0.28 0.22 0.17
Home Depot Inc. 0.93 0.94 0.95 0.91 0.88 0.85 0.84 0.80 0.76 0.77 0.77 0.73 0.69 0.65 0.65 0.62 0.59 0.55 0.54 0.53 0.45 0.44
Lowe’s Cos. Inc. 0.73 0.73 0.74 0.74 0.74 0.74 0.71 0.70 0.70 0.68 0.62 0.60 0.57 0.55 0.53 0.51 0.47 0.47 0.47 0.44 0.41 0.41
Netflix Inc. 0.67 0.64 0.66 0.62 0.65 0.62 0.64 0.60 0.61 0.53 0.56 0.48 0.50 0.51 0.52 0.53 0.54 0.56 0.33 0.34 0.36 0.38
Target Corp. 0.50 0.51 0.50 0.53 0.52 0.54 0.54 0.54 0.52 0.53 0.50 0.49 0.48 0.47 0.48 0.44 0.44 0.44 0.46 0.48 0.47 0.46
TJX Cos. Inc. 0.30 0.30 0.30 0.32 0.33 0.33 0.33 0.34 0.27 0.26 0.27 0.27 0.28 0.27 0.28 0.27 0.28 0.23 0.23 0.24 0.25 0.25
Walmart Inc. 0.43 0.38 0.37 0.40 0.38 0.39 0.37 0.39 0.38 0.40 0.38 0.40 0.38 0.40 0.38 0.41 0.41 0.43 0.43 0.46 0.44 0.45

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-01-29), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-01-30), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

1 Q2 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 24,965 ÷ 78,026 = 0.32

2 Click competitor name to see calculations.

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.’s debt to capital ratio improved from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Debt to Capital (including Operating Lease Liability)

Amazon.com Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Current portion of long-term debt 1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90  238  1,117  1,259  1,377  1,520  864  860  784 
Long-term debt, excluding current portion 23,329  23,322  23,495  24,684  24,638  24,640  24,743  24,710  7,683  7,691  7,694  8,205  8,212  8,219  8,235  8,243  8,250  8,257  8,265  3,099  3,119  3,147 
Total debt 24,965  24,930  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309  8,473  9,360  9,509  9,634  9,785  3,963  3,979  3,931 
Long-term lease liabilities 35,134  33,275  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 60,099  58,205  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309  8,473  9,360  9,509  9,634  9,785  3,963  3,979  3,931 
Stockholders’ equity 53,061  48,410  43,549  39,125  34,995  31,463  27,709  24,658  23,214  21,674  19,285  17,782  16,538  14,756  13,384  12,430  11,768  10,873  10,741  10,336  10,602  10,328 
Total capital (including operating lease liability) 113,160  106,615  68,415  63,853  59,664  56,156  52,552  50,405  31,960  30,414  28,035  26,035  24,791  23,065  21,857  21,790  21,277  20,507  20,526  14,299  14,581  14,259 
Ratio
Debt to capital (including operating lease liability)1 0.53 0.55 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36 0.39 0.43 0.45 0.47 0.48 0.28 0.27 0.28
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
eBay Inc. 0.71 0.65 0.60 0.57 0.56 0.55 0.55 0.47 0.50 0.44 0.46 0.57 0.58 0.59 0.51 0.53 0.28 0.28 0.28 0.28 0.22 0.17
Home Depot Inc. 0.93 0.94 0.95 0.91 0.88 0.85 0.84 0.80 0.76 0.77 0.77 0.73 0.69 0.65 0.65 0.62 0.59 0.55 0.54 0.53 0.45 0.44
Lowe’s Cos. Inc. 0.73 0.73 0.74 0.74 0.74 0.74 0.71 0.70 0.70 0.68 0.62 0.60 0.57 0.55 0.53 0.51 0.47 0.47 0.47 0.44 0.41 0.41
Target Corp. 0.54 0.55 0.50 0.53 0.52 0.54 0.54 0.54 0.52 0.53 0.50 0.49 0.48 0.47 0.48 0.44 0.44 0.44 0.46 0.48 0.47 0.46
TJX Cos. Inc. 0.30 0.30 0.30 0.32 0.33 0.33 0.33 0.34 0.27 0.26 0.27 0.27 0.28 0.27 0.28 0.27 0.28 0.23 0.23 0.24 0.25 0.25
Walmart Inc. 0.43 0.38 0.37 0.40 0.38 0.39 0.37 0.39 0.38 0.40 0.38 0.40 0.38 0.40 0.38 0.41 0.41 0.43 0.43 0.46 0.44 0.45

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-01-29), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-01-30), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

1 Q2 2019 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 60,099 ÷ 113,160 = 0.53

2 Click competitor name to see calculations.

Ratio Description The company
Debt to capital (including operating lease liability) ratio 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.’s debt to capital (including operating lease liability) ratio deteriorated from Q4 2018 to Q1 2019 but then slightly improved from Q1 2019 to Q2 2019.

Debt to Assets

Amazon.com Inc., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Current portion of long-term debt 1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90  238  1,117  1,259  1,377  1,520  864  860  784 
Long-term debt, excluding current portion 23,329  23,322  23,495  24,684  24,638  24,640  24,743  24,710  7,683  7,691  7,694  8,205  8,212  8,219  8,235  8,243  8,250  8,257  8,265  3,099  3,119  3,147 
Total debt 24,965  24,930  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309  8,473  9,360  9,509  9,634  9,785  3,963  3,979  3,931 
 
Total assets 191,351  178,102  162,648  143,695  134,100  126,362  131,310  115,267  87,781  80,969  83,402  70,897  65,076  61,128  65,444  56,230  52,440  50,075  54,505  40,419  37,898  36,364 
Ratio
Debt to assets1 0.13 0.14 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14 0.13 0.17 0.18 0.19 0.18 0.10 0.10 0.11
Benchmarks
Debt to Assets, Competitors2
Costco Wholesale Corp. 0.15 0.15 0.16 0.17 0.17 0.17 0.18 0.11 0.14 0.14 0.16 0.15 0.15 0.17 0.18 0.18 0.15 0.15 0.15 0.15 0.16 0.15
eBay Inc. 0.44 0.41 0.40 0.39 0.38 0.38 0.39 0.39 0.42 0.36 0.38 0.44 0.45 0.46 0.38 0.41 0.17 0.17 0.17 0.17 0.13 0.10
Home Depot Inc. 0.55 0.55 0.61 0.57 0.54 0.51 0.55 0.51 0.47 0.47 0.50 0.47 0.44 0.40 0.43 0.40 0.38 0.35 0.36 0.37 0.30 0.29
Lowe’s Cos. Inc. 0.43 0.41 0.48 0.44 0.44 0.43 0.46 0.43 0.43 0.41 0.40 0.37 0.35 0.33 0.36 0.33 0.31 0.30 0.32 0.30 0.27 0.26
Netflix Inc. 0.42 0.38 0.40 0.36 0.37 0.32 0.34 0.29 0.29 0.23 0.25 0.19 0.20 0.21 0.23 0.24 0.25 0.26 0.13 0.13 0.14 0.15
Target Corp. 0.28 0.29 0.30 0.31 0.33 0.34 0.34 0.33 0.34 0.36 0.32 0.31 0.32 0.32 0.31 0.28 0.29 0.29 0.31 0.32 0.33 0.32
TJX Cos. Inc. 0.16 0.16 0.16 0.16 0.17 0.17 0.17 0.17 0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.14 0.15 0.12 0.12 0.12 0.13 0.13
Walmart Inc. 0.26 0.23 0.23 0.24 0.24 0.23 0.23 0.24 0.24 0.25 0.25 0.26 0.25 0.25 0.25 0.27 0.27 0.27 0.28 0.29 0.28 0.28

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-01-29), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-01-30), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

1 Q2 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= 24,965 ÷ 191,351 = 0.13

2 Click competitor name to see calculations.

Ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Amazon.com Inc.’s debt to assets ratio improved from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Debt to Assets (including Operating Lease Liability)

Amazon.com Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Current portion of long-term debt 1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90  238  1,117  1,259  1,377  1,520  864  860  784 
Long-term debt, excluding current portion 23,329  23,322  23,495  24,684  24,638  24,640  24,743  24,710  7,683  7,691  7,694  8,205  8,212  8,219  8,235  8,243  8,250  8,257  8,265  3,099  3,119  3,147 
Total debt 24,965  24,930  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309  8,473  9,360  9,509  9,634  9,785  3,963  3,979  3,931 
Long-term lease liabilities 35,134  33,275  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 60,099  58,205  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309  8,473  9,360  9,509  9,634  9,785  3,963  3,979  3,931 
 
Total assets 191,351  178,102  162,648  143,695  134,100  126,362  131,310  115,267  87,781  80,969  83,402  70,897  65,076  61,128  65,444  56,230  52,440  50,075  54,505  40,419  37,898  36,364 
Ratio
Debt to assets (including operating lease liability)1 0.31 0.33 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14 0.13 0.17 0.18 0.19 0.18 0.10 0.10 0.11
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
eBay Inc. 0.46 0.44 0.40 0.39 0.38 0.38 0.39 0.39 0.42 0.36 0.38 0.44 0.45 0.46 0.38 0.41 0.17 0.17 0.17 0.17 0.13 0.10
Home Depot Inc. 0.55 0.55 0.61 0.57 0.54 0.51 0.55 0.51 0.47 0.47 0.50 0.47 0.44 0.40 0.43 0.40 0.38 0.35 0.36 0.37 0.30 0.29
Lowe’s Cos. Inc. 0.43 0.41 0.48 0.44 0.44 0.43 0.46 0.43 0.43 0.41 0.40 0.37 0.35 0.33 0.36 0.33 0.31 0.30 0.32 0.30 0.27 0.26
Target Corp. 0.33 0.34 0.30 0.31 0.33 0.34 0.34 0.33 0.34 0.36 0.32 0.31 0.32 0.32 0.31 0.28 0.29 0.29 0.31 0.32 0.33 0.32
TJX Cos. Inc. 0.16 0.16 0.16 0.16 0.17 0.17 0.17 0.17 0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.14 0.15 0.12 0.12 0.12 0.13 0.13
Walmart Inc. 0.26 0.23 0.23 0.24 0.24 0.23 0.23 0.24 0.24 0.25 0.25 0.26 0.25 0.25 0.25 0.27 0.27 0.27 0.28 0.29 0.28 0.28

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-01-29), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-01-30), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

1 Q2 2019 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 60,099 ÷ 191,351 = 0.31

2 Click competitor name to see calculations.

Ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Amazon.com Inc.’s debt to assets (including operating lease liability) ratio deteriorated from Q4 2018 to Q1 2019 but then slightly improved from Q1 2019 to Q2 2019.

Financial Leverage

Amazon.com Inc., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Total assets 191,351  178,102  162,648  143,695  134,100  126,362  131,310  115,267  87,781  80,969  83,402  70,897  65,076  61,128  65,444  56,230  52,440  50,075  54,505  40,419  37,898  36,364 
Stockholders’ equity 53,061  48,410  43,549  39,125  34,995  31,463  27,709  24,658  23,214  21,674  19,285  17,782  16,538  14,756  13,384  12,430  11,768  10,873  10,741  10,336  10,602  10,328 
Ratio
Financial leverage1 3.61 3.68 3.73 3.67 3.83 4.02 4.74 4.67 3.78 3.74 4.32 3.99 3.93 4.14 4.89 4.52 4.46 4.61 5.07 3.91 3.57 3.52
Benchmarks
Financial Leverage, Competitors2
Costco Wholesale Corp. 3.09 3.33 3.19 3.26 3.29 3.55 3.37 3.60 2.86 3.05 2.75 2.94 2.94 3.27 3.15 3.16 3.29 2.80 2.68 2.77 2.74 2.88
eBay Inc. 5.16 4.29 3.63 3.41 3.36 3.23 3.22 2.30 2.40 2.14 2.26 3.01 3.10 3.10 2.70 2.82 2.31 2.30 2.27 2.25 2.20 2.07
Home Depot Inc. 23.01 27.65 30.63 17.70 12.93 11.34 9.92 7.92 6.65 7.04 6.74 5.79 5.07 4.62 4.29 4.11 3.79 3.51 3.24 3.08 2.73 2.70
Lowe’s Cos. Inc. 6.42 6.66 6.01 6.41 6.62 6.80 5.35 5.36 5.28 5.15 4.08 4.02 3.77 3.63 3.19 3.17 2.95 2.98 2.76 2.69 2.56 2.62
Netflix Inc. 4.94 4.77 4.96 4.66 5.04 5.01 5.31 5.09 5.31 4.83 5.07 4.88 4.80 4.86 4.59 4.58 4.75 4.84 3.80 3.93 3.93 4.09
Target Corp. 3.58 3.49 3.33 3.66 3.37 3.38 3.42 3.49 3.22 3.18 3.11 3.15 2.90 2.85 2.96 2.84 2.71 2.67 2.74 2.87 2.76 2.68
TJX Cos. Inc. 2.70 2.66 2.73 2.99 2.85 2.80 2.86 2.97 2.62 2.58 2.67 2.76 2.65 2.65 2.61 2.65 2.56 2.43 2.41 2.59 2.58 2.62
Walmart Inc. 2.89 2.71 2.63 2.75 2.64 2.71 2.56 2.66 2.59 2.64 2.48 2.58 2.52 2.62 2.50 2.63 2.62 2.77 2.69 2.86 2.80 2.88

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-01-29), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-01-30), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

1 Q2 2019 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 191,351 ÷ 53,061 = 3.61

2 Click competitor name to see calculations.

Ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Amazon.com Inc.’s financial leverage ratio improved from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Interest Coverage

Amazon.com Inc., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Selected Financial Data (USD $ in millions)
Net income (loss) 2,625  3,561  3,027  2,883  2,534  1,629  1,856  256  197  724  749  252  857  513  482  79  92  (57) 214  (437) (126) 108 
Add: Income tax expense 257  836  328  508  74  287  15  58  467  229  414  229  307  475  452  161  266  71  205  (205) 94  73 
Add: Interest expense 383  366  386  358  343  330  338  228  143  139  133  118  116  117  114  116  114  115  74  49  45  42 
Earnings before interest and tax (EBIT) 3,265  4,763  3,741  3,749  2,951  2,246  2,209  542  807  1,092  1,296  599  1,280  1,105  1,048  356  472  129  493  (593) 13  223 
Ratio
Interest coverage1 10.39 10.46 8.95 8.15 6.41 5.59 5.48 5.81 7.12 8.43 8.84 8.67 8.18 6.47 4.37 3.46 1.42 0.15 0.65
Benchmarks
Interest Coverage, Competitors2
Costco Wholesale Corp. 31.13 29.11 28.94 27.90 30.09 30.08 31.14 32.68 29.46 29.71 28.21 27.82 27.36 28.38 30.06 30.70 31.61 30.62 29.29 27.89 27.78 28.12
Home Depot Inc. 14.23 13.91 13.96 14.00 13.96 13.99 13.85 13.51 13.15 12.86 12.99 13.14 13.20 13.19 13.02 12.85 12.83 12.82 12.91
Netflix Inc. 3.66 3.79 3.92 4.37 4.06 3.06 3.04 3.15 3.25 3.75 2.74 2.35 2.09 2.01 2.07 2.51 3.50 5.47 7.96
Target Corp. 6.75 6.50 6.47 6.70 8.38 6.60 4.95 5.69 5.46 6.56 9.11 8.18 8.29 5.27 5.14 4.41 4.10 5.92 3.76
Walmart Inc. 5.11 6.87 7.49 8.49 9.09 9.60 9.66 9.92 10.33 10.39 9.49 9.79 9.62 9.86 11.08 11.02 11.43 11.35 11.56

Based on: 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-01), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-10), 10-Q (filing date: 2016-10-28), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-29), 10-K (filing date: 2016-01-29), 10-Q (filing date: 2015-10-23), 10-Q (filing date: 2015-07-24), 10-Q (filing date: 2015-04-24), 10-K (filing date: 2015-01-30), 10-Q (filing date: 2014-10-24), 10-Q (filing date: 2014-07-25), 10-Q (filing date: 2014-04-25).

1 Q2 2019 Calculation
Interest coverage = (EBITQ2 2019 + EBITQ1 2019 + EBITQ4 2018 + EBITQ3 2018) ÷ (Interest expenseQ2 2019 + Interest expenseQ1 2019 + Interest expenseQ4 2018 + Interest expenseQ3 2018)
= (3,265 + 4,763 + 3,741 + 3,749) ÷ (383 + 366 + 386 + 358) = 10.39

2 Click competitor name to see calculations.

Ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Amazon.com Inc.’s interest coverage ratio improved from Q4 2018 to Q1 2019 but then slightly deteriorated from Q1 2019 to Q2 2019.