develop an opinion on the below analysis

• Amazon's capital structure displays a strategically balanced mix of debt and equity, which has supported its sustained growth and innovation. According to its 2023 10-K filing, Amazon holds a Total Debt/Equity ratio of approximately 0.84 (Morningstar, 2024). This shows a moderate use of financial leverage, allowing Amazon to finance long-term investments while maintaining financial flexibility. Compared to Apple's debt/equity ratio stands at 1.49, reflecting a more aggressive approach that takes advantage of low interest rates to finance stock buybacks and innovation. Coca-Cola, known for its stable, dividend-focused model, has a similar debt/equity ratio of 1.43. While, Tesla, a high-growth but still relatively young tech-driven company, operates with a more conservative structure, with a debt/equity ratio of just 0.15 (Morningstar, 2024). Amazon's capital structure has played a important role in enabling Amazon to remain competitive across multiple industries. The moderate leverage allows Amazon to fund infrastructure investments such as its expansive fulfillment network, Amazon Web Services, and new technology platforms without excessive reliance on external capital. This aligns with the Corporate Finance Institute's (2024) guidance that a well-designed capital structure balances the cost of capital with financial risk to enhance shareholder value. Also, in the context of acquisitions, Amazon's structure enables adaptability. Amazon has financed several strategic acquisitions, including Whole Foods and MGM, using a mix of cash and debt, avoiding overextension. As noted by Smart Business Dealmakers (n.d.), having an adaptable capital structure is key in structuring deals that support both immediate expansion and long-term synergy realization. Amazon's positioning in the subscription economy (e.g., Prime membership, Amazon Web Services billing models) also benefits from its capital structure. As Forbes (2023) emphasizes, companies operating in recurring revenue environments need optimized capital strategies to scale without sacrificing customer experience or innovation. Amazon's structure supports these objectives by maintaining enough debt to boost growth but not so much as to reduce operational quickness.
• Compared to its peers like Walmart and Alibaba, Amazon's capital structure has enabled more aggressive investment in logistics and technology, positioning it as a top leader in e-commerce and cloud services. Its approach displays how a balanced capital strategy can encourage scalability, acquisition capacity, and long-term competitive advantage.