Stock Analysis on Net
Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

Analysis of Solvency Ratios
Quarterly Data

Beginner level

Solvency Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
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 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
Debt Ratios
Debt to equity 0.58 0.66 0.73 0.83 0.78 0.83 0.90 0.93 0.99 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56
Debt to equity (including operating lease liability) 0.98 1.08 1.16 1.23 1.20 1.25 1.32 1.35 1.43 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56
Debt to capital 0.37 0.40 0.42 0.45 0.44 0.45 0.47 0.48 0.50 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36
Debt to capital (including operating lease liability) 0.49 0.52 0.54 0.55 0.54 0.56 0.57 0.57 0.59 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36
Debt to assets 0.19 0.19 0.22 0.24 0.23 0.23 0.25 0.26 0.27 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14
Debt to assets (including operating lease liability) 0.31 0.31 0.34 0.35 0.35 0.34 0.37 0.37 0.39 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14
Financial leverage 3.13 3.44 3.41 3.50 3.39 3.63 3.52 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
Coverage Ratios
Interest coverage 19.96 15.69 13.12 10.78 8.85 9.73 9.66 10.39 10.46 8.95 8.15 6.41 5.59 5.48 5.81 7.12 8.43 8.84

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 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).

Solvency 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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 ratio (including operating lease liability) improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 ratio (including operating lease liability) improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 ratio (including operating lease liability) improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Amazon.com Inc.’s financial leverage ratio increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.

Solvency 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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Debt to Equity

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

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases 9,862  10,374  10,260  10,061  9,824  9,884  9,378  8,884  8,310  —  —  —  —  —  —  —  —  —  —  —  — 
Current portion of long-term debt 1,156  1,155  155  1,154  1,311  1,305  2,841  1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90 
Long-term lease liabilities, finance leases, excluding current portion 16,930  18,060  17,490  16,729  16,495  17,095  15,996  15,350  14,884  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt, excluding current portion 31,868  31,816  32,929  33,128  23,437  23,414  22,472  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 
Total debt 59,816  61,405  60,834  61,072  51,067  51,698  50,687  49,199  48,124  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309 
 
Stockholders’ equity 103,320  93,404  82,775  73,728  65,272  62,060  56,508  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 
Solvency Ratio
Debt to equity1 0.58 0.66 0.73 0.83 0.78 0.83 0.90 0.93 0.99 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56
Benchmarks
Debt to Equity, Competitors2
Booking Holdings Inc. 2.90 2.46 2.40 2.90 2.23 1.45 1.43 1.63 1.24 0.98 0.87 0.83 0.84 0.85 0.75 0.73 0.76 0.73 0.75 0.78 0.70
Home Depot Inc. 19.53 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
Lowe’s Cos. Inc. 12.71 9.79 7.26 6.65 5.42 4.45 2.89 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
Target Corp. 1.28 0.97 1.01 0.97 1.12 1.00 1.05 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
TJX Cos. Inc. 1.52 0.38 0.40 0.42 0.44 0.44 0.42 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

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 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).

1 Q1 2021 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 59,816 ÷ 103,320 = 0.58

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.’s debt to equity ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Debt to Equity (including Operating Lease Liability)

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

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases 9,862  10,374  10,260  10,061  9,824  9,884  9,378  8,884  8,310  —  —  —  —  —  —  —  —  —  —  —  — 
Current portion of long-term debt 1,156  1,155  155  1,154  1,311  1,305  2,841  1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90 
Long-term lease liabilities, finance leases, excluding current portion 16,930  18,060  17,490  16,729  16,495  17,095  15,996  15,350  14,884  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt, excluding current portion 31,868  31,816  32,929  33,128  23,437  23,414  22,472  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 
Total debt 59,816  61,405  60,834  61,072  51,067  51,698  50,687  49,199  48,124  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309 
Current portion of lease liabilities, operating leases 4,841  4,586  4,156  3,530  3,279  3,139  2,842  2,631  2,490  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term lease liabilities, operating leases, excluding current portion 36,137  34,513  31,099  26,069  23,805  22,696  21,062  19,784  18,391  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 100,794  100,504  96,089  90,671  78,151  77,533  74,591  71,614  69,005  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309 
 
Stockholders’ equity 103,320  93,404  82,775  73,728  65,272  62,060  56,508  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 
Solvency Ratio
Debt to equity (including operating lease liability)1 0.98 1.08 1.16 1.23 1.20 1.25 1.32 1.35 1.43 0.57 0.63 0.70 0.78 0.90 1.04 0.38 0.40 0.45 0.46 0.50 0.56
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Booking Holdings Inc. 2.97 2.53 2.49 3.01 2.35 1.53 1.51 1.73 1.31 0.98 0.87 0.83 0.84 0.85 0.75 0.73 0.76 0.73 0.75 0.78 0.70
Home Depot Inc. 19.53 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
Lowe’s Cos. Inc. 15.28 12.04 9.07 8.37 6.83 4.45 2.89 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
Target Corp. 1.48 1.16 1.20 1.15 1.30 1.18 1.24 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
TJX Cos. Inc. 3.48 1.93 2.07 2.14 2.18 0.44 0.42 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

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 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).

1 Q1 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 100,794 ÷ 103,320 = 0.98

2 Click competitor name to see calculations.

Solvency 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 ratio (including operating lease liability) improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Debt to Capital

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

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases 9,862  10,374  10,260  10,061  9,824  9,884  9,378  8,884  8,310  —  —  —  —  —  —  —  —  —  —  —  — 
Current portion of long-term debt 1,156  1,155  155  1,154  1,311  1,305  2,841  1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90 
Long-term lease liabilities, finance leases, excluding current portion 16,930  18,060  17,490  16,729  16,495  17,095  15,996  15,350  14,884  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt, excluding current portion 31,868  31,816  32,929  33,128  23,437  23,414  22,472  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 
Total debt 59,816  61,405  60,834  61,072  51,067  51,698  50,687  49,199  48,124  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309 
Stockholders’ equity 103,320  93,404  82,775  73,728  65,272  62,060  56,508  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 
Total capital 163,136  154,809  143,609  134,800  116,339  113,758  107,195  102,260  96,534  68,415  63,853  59,664  56,156  52,552  50,405  31,960  30,414  28,035  26,035  24,791  23,065 
Solvency Ratio
Debt to capital1 0.37 0.40 0.42 0.45 0.44 0.45 0.47 0.48 0.50 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36
Benchmarks
Debt to Capital, Competitors2
Booking Holdings Inc. 0.74 0.71 0.71 0.74 0.69 0.59 0.59 0.62 0.55 0.50 0.47 0.45 0.46 0.46 0.43 0.42 0.43 0.42 0.43 0.44 0.41
Home Depot Inc. 1.11 1.11 1.04 1.04 1.08 1.07 0.95 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
Lowe’s Cos. Inc. 0.93 0.91 0.88 0.87 0.84 0.82 0.74 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
Target Corp. 0.56 0.49 0.50 0.49 0.53 0.50 0.51 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
TJX Cos. Inc. 0.60 0.27 0.29 0.30 0.30 0.31 0.30 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

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 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).

1 Q1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 59,816 ÷ 163,136 = 0.37

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.’s debt to capital ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Debt to Capital (including Operating Lease Liability)

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

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases 9,862  10,374  10,260  10,061  9,824  9,884  9,378  8,884  8,310  —  —  —  —  —  —  —  —  —  —  —  — 
Current portion of long-term debt 1,156  1,155  155  1,154  1,311  1,305  2,841  1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90 
Long-term lease liabilities, finance leases, excluding current portion 16,930  18,060  17,490  16,729  16,495  17,095  15,996  15,350  14,884  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt, excluding current portion 31,868  31,816  32,929  33,128  23,437  23,414  22,472  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 
Total debt 59,816  61,405  60,834  61,072  51,067  51,698  50,687  49,199  48,124  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309 
Current portion of lease liabilities, operating leases 4,841  4,586  4,156  3,530  3,279  3,139  2,842  2,631  2,490  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term lease liabilities, operating leases, excluding current portion 36,137  34,513  31,099  26,069  23,805  22,696  21,062  19,784  18,391  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 100,794  100,504  96,089  90,671  78,151  77,533  74,591  71,614  69,005  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309 
Stockholders’ equity 103,320  93,404  82,775  73,728  65,272  62,060  56,508  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 
Total capital (including operating lease liability) 204,114  193,908  178,864  164,399  143,423  139,593  131,099  124,675  117,415  68,415  63,853  59,664  56,156  52,552  50,405  31,960  30,414  28,035  26,035  24,791  23,065 
Solvency Ratio
Debt to capital (including operating lease liability)1 0.49 0.52 0.54 0.55 0.54 0.56 0.57 0.57 0.59 0.36 0.39 0.41 0.44 0.47 0.51 0.27 0.29 0.31 0.32 0.33 0.36
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Booking Holdings Inc. 0.75 0.72 0.71 0.75 0.70 0.61 0.60 0.63 0.57 0.50 0.47 0.45 0.46 0.46 0.43 0.42 0.43 0.42 0.43 0.44 0.41
Home Depot Inc. 1.09 1.09 1.03 1.03 1.07 1.07 0.95 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
Lowe’s Cos. Inc. 0.94 0.92 0.90 0.89 0.87 0.82 0.74 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
Target Corp. 0.60 0.54 0.55 0.54 0.57 0.54 0.55 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
TJX Cos. Inc. 0.78 0.66 0.67 0.68 0.69 0.31 0.30 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

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 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).

1 Q1 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 100,794 ÷ 204,114 = 0.49

2 Click competitor name to see calculations.

Solvency 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 ratio (including operating lease liability) improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Debt to Assets

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

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases 9,862  10,374  10,260  10,061  9,824  9,884  9,378  8,884  8,310  —  —  —  —  —  —  —  —  —  —  —  — 
Current portion of long-term debt 1,156  1,155  155  1,154  1,311  1,305  2,841  1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90 
Long-term lease liabilities, finance leases, excluding current portion 16,930  18,060  17,490  16,729  16,495  17,095  15,996  15,350  14,884  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt, excluding current portion 31,868  31,816  32,929  33,128  23,437  23,414  22,472  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 
Total debt 59,816  61,405  60,834  61,072  51,067  51,698  50,687  49,199  48,124  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309 
 
Total assets 323,077  321,195  282,179  258,314  221,238  225,248  199,099  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 
Solvency Ratio
Debt to assets1 0.19 0.19 0.22 0.24 0.23 0.23 0.25 0.26 0.27 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14
Benchmarks
Debt to Assets, Competitors2
Booking Holdings Inc. 0.58 0.55 0.53 0.55 0.48 0.40 0.40 0.40 0.38 0.38 0.36 0.34 0.36 0.37 0.37 0.36 0.38 0.36 0.36 0.37 0.34
Home Depot Inc. 0.61 0.61 0.56 0.55 0.55 0.66 0.57 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
Lowe’s Cos. Inc. 0.48 0.49 0.45 0.43 0.41 0.47 0.42 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
Target Corp. 0.32 0.27 0.27 0.28 0.31 0.27 0.27 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
TJX Cos. Inc. 0.28 0.09 0.09 0.10 0.10 0.16 0.15 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

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 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).

1 Q1 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 59,816 ÷ 323,077 = 0.19

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.’s debt to assets ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Debt to Assets (including Operating Lease Liability)

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

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Current portion of lease liabilities, finance leases 9,862  10,374  10,260  10,061  9,824  9,884  9,378  8,884  8,310  —  —  —  —  —  —  —  —  —  —  —  — 
Current portion of long-term debt 1,156  1,155  155  1,154  1,311  1,305  2,841  1,636  1,608  1,371  44  31  53  100  1,037  1,063  1,049  1,056  48  41  90 
Long-term lease liabilities, finance leases, excluding current portion 16,930  18,060  17,490  16,729  16,495  17,095  15,996  15,350  14,884  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt, excluding current portion 31,868  31,816  32,929  33,128  23,437  23,414  22,472  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 
Total debt 59,816  61,405  60,834  61,072  51,067  51,698  50,687  49,199  48,124  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309 
Current portion of lease liabilities, operating leases 4,841  4,586  4,156  3,530  3,279  3,139  2,842  2,631  2,490  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term lease liabilities, operating leases, excluding current portion 36,137  34,513  31,099  26,069  23,805  22,696  21,062  19,784  18,391  —  —  —  —  —  —  —  —  —  —  —  — 
Total debt (including operating lease liability) 100,794  100,504  96,089  90,671  78,151  77,533  74,591  71,614  69,005  24,866  24,728  24,669  24,693  24,843  25,747  8,746  8,740  8,750  8,253  8,253  8,309 
 
Total assets 323,077  321,195  282,179  258,314  221,238  225,248  199,099  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 
Solvency Ratio
Debt to assets (including operating lease liability)1 0.31 0.31 0.34 0.35 0.35 0.34 0.37 0.37 0.39 0.15 0.17 0.18 0.20 0.19 0.22 0.10 0.11 0.10 0.12 0.13 0.14
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Booking Holdings Inc. 0.60 0.57 0.55 0.57 0.50 0.42 0.42 0.43 0.41 0.38 0.36 0.34 0.36 0.37 0.37 0.36 0.38 0.36 0.36 0.37 0.34
Home Depot Inc. 0.71 0.73 0.67 0.66 0.66 0.66 0.57 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
Lowe’s Cos. Inc. 0.57 0.60 0.56 0.54 0.51 0.47 0.42 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
Target Corp. 0.37 0.32 0.32 0.33 0.36 0.32 0.31 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
TJX Cos. Inc. 0.65 0.47 0.47 0.50 0.50 0.16 0.15 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

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 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).

1 Q1 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 100,794 ÷ 323,077 = 0.31

2 Click competitor name to see calculations.

Solvency 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 ratio (including operating lease liability) improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

Financial Leverage

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

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Total assets 323,077  321,195  282,179  258,314  221,238  225,248  199,099  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 
Stockholders’ equity 103,320  93,404  82,775  73,728  65,272  62,060  56,508  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 
Solvency Ratio
Financial leverage1 3.13 3.44 3.41 3.50 3.39 3.63 3.52 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
Benchmarks
Financial Leverage, Competitors2
Booking Holdings Inc. 4.97 4.47 4.51 5.23 4.66 3.61 3.60 4.05 3.23 2.58 2.45 2.42 2.35 2.26 2.00 2.02 2.03 2.02 2.04 2.12 2.03
Home Depot Inc. 34.24 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
Lowe’s Cos. Inc. 26.71 20.02 16.18 15.41 13.36 9.47 6.81 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
Target Corp. 4.01 3.62 3.79 3.51 3.65 3.65 3.93 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
TJX Cos. Inc. 5.36 4.06 4.38 4.31 4.38 2.84 2.86 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

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 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).

1 Q1 2021 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 323,077 ÷ 103,320 = 3.13

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.’s financial leverage ratio increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.

Interest Coverage

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

Microsoft Excel LibreOffice Calc
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 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
Selected Financial Data (US$ in millions)
Net income 8,107  7,222  6,331  5,243  2,535  3,268  2,134  2,625  3,561  3,027  2,883  2,534  1,629  1,856  256  197  724  749  252  857  513 
Add: Income tax expense 2,156  566  569  984  744  787  494  257  836  328  508  74  287  15  58  467  229  414  229  307  475 
Add: Interest expense 399  414  428  403  402  455  396  383  366  386  358  343  330  338  228  143  139  133  118  116  117 
Earnings before interest and tax (EBIT) 10,662  8,202  7,328  6,630  3,681  4,510  3,024  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 
Solvency Ratio
Interest coverage1 19.96 15.69 13.12 10.78 8.85 9.73 9.66 10.39 10.46 8.95 8.15 6.41 5.59 5.48 5.81 7.12 8.43 8.84
Benchmarks
Interest Coverage, Competitors2
Booking Holdings Inc. 3.59 2.59 6.44 12.20 17.17 23.40 20.16 19.84 20.07 18.97 19.76 19.25 18.22 18.32 18.71 13.98 13.83 14.05
Home Depot Inc. 12.61 13.25 13.68 14.26 14.67 14.85 14.69 14.23 13.91 13.96 14.00 13.96 13.99 13.85 13.51 13.15 12.86 12.99
Target Corp. 8.47 9.78 9.86 9.42 9.09 8.97 8.60 6.75 6.50 6.47 6.70 8.38 6.60 4.95 5.69 5.46 6.56 9.11

Based on: 10-Q (filing date: 2021-04-30), 10-K (filing date: 2021-02-03), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 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).

1 Q1 2021 Calculation
Interest coverage = (EBITQ1 2021 + EBITQ4 2020 + EBITQ3 2020 + EBITQ2 2020) ÷ (Interest expenseQ1 2021 + Interest expenseQ4 2020 + Interest expenseQ3 2020 + Interest expenseQ2 2020)
= (10,662 + 8,202 + 7,328 + 6,630) ÷ (399 + 414 + 428 + 403) = 19.96

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.’s interest coverage ratio improved from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.