Amazon (AMZN) - Total debt (2024)

FAQs

What is the total debt of Amazon? ›

Total debt on the balance sheet as of March 2024 : $134.68 B

According to Amazon's latest financial reports the company's total debt is $134.68 B. A company's total debt is the sum of all current and non-current debts.

Despite its noteworthy liabilities, Amazon.com boasts net cash, so it's fair to say it does not have a heavy debt load! Even more impressive was the fact that Amazon.com grew its EBIT by 176% over twelve months. If maintained that growth will make the debt even more manageable in the years ahead.

The chart below, which you can click on for greater detail, shows that Amazon.com had US$79.7b in debt in September 2023; about the same as the year before. On the flip side, it has US$64.2b in cash leading to net debt of about US$15.5b.

It is simplified by adding the latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2024, Amazon.com's latest one-year quarterly average Book Value of Debt (D) is $137510.2 Mil.

In December 2021, debt held by the public was estimated at 96.19% of GDP, and approximately 33% of this public debt was owned by foreigners (government and private). The United States has the largest external debt in the world.

Amazon.com has a low net debt to EBITDA ratio of only 0.21. And its EBIT easily covers its interest expense, being 39.5 times the size. So we're pretty relaxed about its super-conservative use of debt.

Shares in Amazon fell 50% in 2022 alongside steep profit declines in its e-commerce segments. However, the company has made an impressive recovery, proving its reliability and resilience. In fiscal 2023, Amazon's revenue rose 12% year over year to $575 billion, while operating income tripled to $37 billion.

SEATTLE--(BUSINESS WIRE)-- Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2023. Net sales increased 14% to $170.0 billion in the fourth quarter, compared with $149.2 billion in fourth quarter 2022.

Fannie Mae is the world's largest debtor, carrying $4.232 trillion in debt. U.S. companies make up 60.13% of the $10.8 trillion owed by the top 100 global companies in debt. Toyota holds the title of the world's most indebted company outside the financial industries, with a debt of $221.13 billion.

Amazon is also cash rich. The company has generated cash flow growth of 25.3%, and is expected to report cash flow expansion of 59.4% in 2024. AMZN should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.

Has Amazon ever made a net profit? ›

Highly profitable Amazon Web Services has raised net income over the last few years. Last reported quarter 2024 Q1 it was $10,431.00 million, up by 229% year-over-year from $3,172.00 million. From $-2,722.00 million in 2022 it decreased by -1,218% to $30,425.00 million in 2023.

Tesla's total debt hit its 5-year low in December 2022 of 5.748 billion. Tesla's total debt decreased in 2020 (13.337 billion, -8.5%), 2021 (8.873 billion, -33.5%), and 2022 (5.748 billion, -35.2%) and increased in 2019 (14.576 billion, +5.4%) and 2023 (9.573 billion, +66.5%).

Total assets on the balance sheet as of March 2024 : $530.96 B. According to Amazon's latest financial reports the company's total assets are $530.96 B. A company's total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.

Amazon total assets for the quarter ending March 31, 2024 were $530.969B, a 14.34% increase year-over-year. Amazon total assets for 2023 were $527.854B, a 14.09% increase from 2022. Amazon total assets for 2022 were $462.675B, a 10.02% increase from 2021.

In summary, all debts are liabilities, but not all liabilities are debts. Debt specifically refers to borrowed money, while liabilities refer to any financial obligation a company has to pay.

Fannie Mae is the world's largest debtor, carrying $4.232 trillion in debt. U.S. companies make up 60.13% of the $10.8 trillion owed by the top 100 global companies in debt. Toyota holds the title of the world's most indebted company outside the financial industries, with a debt of $221.13 billion.

United States. The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%.

AMZN also boasts an average earnings surprise of 51%. Amazon is also cash rich. The company has generated cash flow growth of 25.3%, and is expected to report cash flow expansion of 59.4% in 2024.