Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Amazon.com Inc., liquidity ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Current ratio | 1.05 | 0.94 | 1.14 | 1.05 | 1.10 | |
| Quick ratio | 0.81 | 0.69 | 0.86 | 0.83 | 0.83 | |
| Cash ratio | 0.53 | 0.45 | 0.68 | 0.67 | 0.63 |
Based on: 10-K (reporting date: 2023-12-31), 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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Amazon.com Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Amazon.com Inc. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Amazon.com Inc. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Current Ratio
Amazon.com Inc., current ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 172,351) | 146,791) | 161,580) | 132,733) | 96,334) | |
| Current liabilities | 164,917) | 155,393) | 142,266) | 126,385) | 87,812) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 1.05 | 0.94 | 1.14 | 1.05 | 1.10 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Home Depot Inc. | 1.41 | 1.01 | 1.23 | 1.08 | 1.11 | |
| Lowe’s Cos. Inc. | 1.10 | 1.02 | 1.19 | 1.01 | 0.98 | |
| TJX Cos. Inc. | 1.21 | 1.27 | 1.46 | 1.24 | 1.53 | |
| Current Ratio, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 1.10 | 0.98 | 1.17 | 1.06 | 1.10 | |
| Current Ratio, Industry | ||||||
| Consumer Discretionary | 1.20 | 1.15 | 1.25 | 1.18 | 1.10 | |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 172,351 ÷ 164,917 = 1.05
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Amazon.com Inc. current ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Quick Ratio
Amazon.com Inc., quick ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 73,387) | 53,888) | 36,220) | 42,122) | 36,092) | |
| Marketable securities | 13,393) | 16,138) | 59,829) | 42,274) | 18,929) | |
| Customer receivables, net | 34,100) | 26,600) | 20,200) | 14,800) | 12,600) | |
| Vendor receivables, net | 8,500) | 6,900) | 5,300) | 4,800) | 4,200) | |
| Seller receivables, net | 1,000) | 1,300) | 1,000) | 381) | 863) | |
| Other receivables, net | 3,300) | 3,100) | —) | —) | —) | |
| Total quick assets | 133,680) | 107,926) | 122,549) | 104,377) | 72,684) | |
| Current liabilities | 164,917) | 155,393) | 142,266) | 126,385) | 87,812) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 0.81 | 0.69 | 0.86 | 0.83 | 0.83 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Home Depot Inc. | 0.26 | 0.20 | 0.47 | 0.23 | 0.22 | |
| Lowe’s Cos. Inc. | 0.09 | 0.07 | 0.28 | 0.06 | 0.05 | |
| TJX Cos. Inc. | 0.59 | 0.64 | 1.01 | 0.50 | 0.61 | |
| Quick Ratio, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 0.68 | 0.57 | 0.77 | 0.68 | 0.65 | |
| Quick Ratio, Industry | ||||||
| Consumer Discretionary | 0.85 | 0.81 | 0.92 | 0.88 | 0.79 | |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 133,680 ÷ 164,917 = 0.81
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Amazon.com Inc. quick ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Cash Ratio
Amazon.com Inc., cash ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and cash equivalents | 73,387) | 53,888) | 36,220) | 42,122) | 36,092) | |
| Marketable securities | 13,393) | 16,138) | 59,829) | 42,274) | 18,929) | |
| Total cash assets | 86,780) | 70,026) | 96,049) | 84,396) | 55,021) | |
| Current liabilities | 164,917) | 155,393) | 142,266) | 126,385) | 87,812) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.53 | 0.45 | 0.68 | 0.67 | 0.63 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Home Depot Inc. | 0.12 | 0.08 | 0.34 | 0.12 | 0.11 | |
| Lowe’s Cos. Inc. | 0.09 | 0.07 | 0.28 | 0.06 | 0.05 | |
| TJX Cos. Inc. | 0.53 | 0.59 | 0.97 | 0.45 | 0.55 | |
| Cash Ratio, Sector | ||||||
| Consumer Discretionary Distribution & Retail | 0.44 | 0.37 | 0.61 | 0.54 | 0.49 | |
| Cash Ratio, Industry | ||||||
| Consumer Discretionary | 0.57 | 0.55 | 0.71 | 0.69 | 0.57 | |
Based on: 10-K (reporting date: 2023-12-31), 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).
1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 86,780 ÷ 164,917 = 0.53
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Amazon.com Inc. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |