Solvency & Leverage snapshot
Amazon's debt to equity was 0.20 in FY2025, compared with 0.24 in FY2024. On a trailing-twelve-month basis it was 0.31 as of Q1 FY26. Leverage and solvency ratios measure how much a company relies on debt and its ability to service that debt.
Debt to equity (latest FY)
0.20
Debt to equity (TTM)
0.31
Debt to assets (latest FY)
0.10
Net debt / EBITDA (latest FY)
-0.04
Amazon Debt to equity
Solvency & Leverage vs. related metrics
Amazon Solvency & Leverage — by fiscal year
| Fiscal year | Debt to equity | Debt to assets | Net debt / EBITDA |
|---|---|---|---|
| FY2025 | 0.20 | 0.10 | -0.04 |
| FY2024 | 0.24 | 0.11 | -0.09 |
| FY2023 | 0.39 | 0.15 | 0.07 |
| FY2022 | 0.59 | 0.19 | 0.59 |
| FY2021 | 0.54 | 0.18 | 0.64 |
| FY2020 | 0.66 | 0.19 | 0.40 |
| FY2019 | 0.83 | 0.23 | 0.43 |
| FY2018 | 0.97 | 0.26 | 0.38 |
| FY2017 | 1.41 | 0.30 | 1.19 |
| FY2016 | 0.92 | 0.21 | -0.12 |
| FY2015 | 1.17 | 0.24 | -0.03 |
| FY2014 | 1.38 | 0.27 | 0.07 |
| FY2013 | 0.45 | 0.11 | -1.32 |
| FY2012 | 0.60 | 0.15 | -1.34 |
| FY2011 | 0.18 | 0.05 | -2.06 |
| FY2010 | 0.04 | 0.01 | -1.81 |
| FY2009 | 0.02 | 0.01 | -2.20 |
| FY2008 | 0.15 | 0.05 | -2.05 |
| FY2007 | — | — | — |
| FY2006 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Debt to equity | Debt to assets | Net debt / EBITDA |
|---|---|---|---|
| Q1 FY26 | 0.31 | 0.15 | 0.23 |
| Q4 FY25 | 0.20 | 0.10 | -0.04 |
| Q3 FY25 | 0.18 | 0.09 | 0.00 |
| Q2 FY25 | 0.20 | 0.10 | 0.07 |
| Q1 FY25 | 0.23 | 0.11 | 0.02 |
| Q4 FY24 | 0.24 | 0.11 | -0.09 |
| Q3 FY24 | 0.27 | 0.12 | -0.04 |
| Q2 FY24 | 0.31 | 0.13 | 0.02 |
| Q1 FY24 | 0.36 | 0.15 | 0.05 |
| Q4 FY23 | 0.39 | 0.15 | 0.07 |
| Q3 FY23 | 0.44 | 0.16 | 0.41 |
| Q2 FY23 | 0.48 | 0.17 | 0.51 |
Figures normalized from SEC filings. See the full Amazon ratios & metrics.