Debt Numbers: By the end of 2023, Amazon's long-term debt was around $135 billion.
Amazon long term debt for 2023 was $58.314B, a 13.16% decline from 2022. Amazon long term debt for 2022 was $67.15B, a 37.76% increase from 2021. Amazon long term debt for 2021 was $48.744B, a 53.21% increase from 2020.
Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress. Amazon.com has the Financial Strength Rank of 8.
Amazon beat expectations with a 52% increase in earnings, to $1.43 per share. Sales growth of $158.9 billion, up 11% year over year, also beat expectations. While Amazon's sales forecast for the current quarter came in lighter than expected, the company's operating income impressed.
Total debt on the balance sheet as of September 2024 : $134.69 Billion USD. According to Amazon's latest financial reports the company's total debt is $134.69 Billion USD. A company's total debt is the sum of all current and non-current debts.
For the first time in almost a decade, online retail platform Amazon reported a net loss of 2.7 billion U.S. dollars in 2022. After that, in the fiscal year ending December 31st 2023, the net income amounted to 30.4 billion U.S. dollars.
The most indebted companies were in the oil and gas, utilities, telecommunication and automotive industries. The world's most indebted company in 2021 was Toyota. The most indebted company in history was General Electric, holding in 2008 556$bn in debt.
What Is Amazon.com's Net Debt? The image below, which you can click on for greater detail, shows that at December 2022 Amazon.com had debt of US$85.1b, up from US$57.7b in one year. However, because it has a cash reserve of US$70.0b, its net debt is less, at about US$15.1b.
Amazon's retail business is a loss leader
But there's one small problem. While it sold $59 billion worth of products in the second quarter, its cost of sales was $69 billion. It doesn't take a math degree to figure out that the retail business isn't a profit center for the company.
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 121.31%.
Plastic Packaging Harms Our People and Planet on Multiple Fronts. According to one report, Amazon generated 709 million pounds of plastic packaging in 2021, with an estimated 26 million pounds destined to pollute our oceans and waterways. This endangers the already-battered ecosystems on which our planet depends.
Despite How Much Money You Give Them, Amazon and Apple Owe Billions. Many of the world's largest tech companies carry enormous debt balances. That might sound irresponsible, but it's not necessarily a bad thing.
Apple's operated at median total debt of 123.9 billion from fiscal years ending September 2020 to 2024. Looking back at the last 5 years, Apple's total debt peaked in September 2021 at 136.5 billion. Apple's total debt hit its 5-year low in September 2024 of 119.1 billion.
Who owns the most U.S. debt? Around 70 percent of U.S. debt is held by domestic financial actors and institutions in the United States. U.S. Treasuries represent a convenient, liquid, low-risk store of value.
Total balance (2024 Q1)
Mortgage debt is most Americans' largest debt, exceeding other types by a wide margin. Student loans are the next largest type of debt among those listed in the data, followed closely by auto loans. Note: Total household debt in the US is $17.987 trillion as of the first quarter of 2024.
SEATTLE--(BUSINESS WIRE)-- Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its third quarter ended September 30, 2024. Net sales increased 11% to $158.9 billion in the third quarter, compared with $143.1 billion in third quarter 2023.
Amazon reported $15.3 billion in profits in the third quarter of this year, as it cashed in on a record summer sales event and continued to capitalize on the growing hype around artificial intelligence.
Amazon founder Jeff Bezos is the third-richest person in the world as of November 2024, according to Forbes' Real Time Billionaires Index. Bezos has an estimated net worth near $230 billion. He owns a little less than 9% of Amazon.com, or about 926 million shares.
Amazon's likelihood of distress is less than 3% at this time. It is unlikely to undergo any financial distress in the next 24 months. Odds of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.
Summing Up. While Amazon.com does have more liabilities than liquid assets, it also has net cash of US$13.0b. And we liked the look of last year's 176% year-on-year EBIT growth. So we don't have any problem with Amazon.com's use of debt.
This can come at a hefty price. Amazon, one of today's biggest multinational companies dominating the e-commerce industry, only turned its first profit nine years after being founded.