How Much Debt Does Amazon Have?

How Much Debt Does Amazon Have?

The answer to this question varies depending on the time period and other factors such as the value of its investments. Amazon, a retail giant and one of the most successful companies in the world, has had a large amount of debt since its inception in 1994. According to its financial statements, Amazon’s long-term debt was approximately $21 billion as of December 31st, 2020.

When compared to other large companies such as Apple and Microsoft, Amazon’s debt is relatively small. However, this does not mean that it is insignificant.

In fact, the company has been actively managing its debt more efficiently in recent years due to increased competition from rivals such as Walmart and Target. This has allowed Amazon to invest more in research and development for new products and services which has resulted in increased profits for the company.

In addition to its long-term debt, Amazon also has short-term obligations such as accounts payable, notes payable and other current liabilities which total approximately $7 billion as of December 31st 2020. These short-term obligations are important for keeping operations running smoothly on a day-to-day basis and they can be used to fund investments or acquisitions if needed.

Amazon’s total debt stands at around $28 billion when taking into account both long-term and short-term obligations. While this may seem like a large amount of money, it is actually quite small when compared with other large companies such as Apple which had a total debt of around $115 billion at the same time period.

Overall, Amazon’s debt is manageable given its size and success in recent years. The company has been able to manage its debts efficiently while still investing heavily into new products and services which have helped drive profits higher over time.

Conclusion:
Amazon’s total debt stands at around $28 billion when taking into account both long-term and short-term obligations. While this may seem like a large amount of money when compared with other large companies such as Apple, it is actually quite small in comparison given Amazon’s size and success in recent years. The company has been able to manage its debts efficiently while still investing heavily into new products and services which have helped drive profits higher over time – making it clear that they have their finances under control despite their high levels of debt.