Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over 2021–2024 Amazon’s balance sheet shows sizable asset growth alongside modestly rising liabilities and a pronounced increase in shareholders’ equity. Total assets grew from $420,549M to $624,894M (≈+48.6%), while liabilities rose from $282,304M to $338,924M (≈+20.0%). Equity expanded most dramatically, from $138,245M to $285,970M (≈+106.8%), with particularly large jumps in 2023 and 2024. As a result the liabilities-to-assets ratio fell from about 0.67 (2021) to 0.54 (2024) and the equity-to-assets ratio climbed from ~0.33 to ~0.46, indicating materially lower leverage and stronger capitalization by 2024. These moves imply the company funded much of its asset growth with internal capital (retained earnings or equity) rather than proportionate new liabilities, reducing financial risk and improving balance-sheet flexibility—useful for a capital-intensive platform like e‑commerce and cloud services. The step-up in equity could reflect improved profitability or reduced share buybacks relative to earnings (not shown here), bolstering the firm’s capacity for further investment. Note that the 2025 row contains zeros and appears to be missing data, so conclusions are based on 2021–2024 only.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.