The company's financial flexibility remains constrained by a debt-to-equity ratio of 1.72 and a current ratio of 0.72, indicating limited short-term liquidity buffers against its $745.4 billion total debt load.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 |
|---|
| Total Current Assets | 383.99B | 365.72B | 353.7B | 340.17B | 361B | 404.16B | 355.68B | 330.84B | 349.06B | 342.24B | 341.91B | 341.45B | 288.41B | 236.7B | 207.8B | 264.52B | 233.71B | 108.1B | 113.49B | 82.54B | 107.86B | 60.21B | 55.13B | 29.46B | 21.52B | 22.37B | 33.66B | 45.92B | 0 |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 90.5B | 35.01B | 36.65B | 26.6B | 33.7B | 38.68B | 35.92B | 19.75B | 21.66B | 24.27B | 23.22B | 45.16B | 66.47B | 48.16B | 45.49B | 83.36B | 95.94B | 27.45B | 22.09B | 12B | 41.07B | 11.29B | 16.46B | 9.26B | 9.22B | 2.51B | 22.57B | 36.86B | 0 |
| Short-Term Investments | 0 | 0 | 46.68B | 73.76B | 88.43B | 117.7B | 50.1B | 37.57B | 39.03B | 46.68B | 41.46B | 44.09B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54.47M | 2.05B | 1.51B | 2.58B | 792.32M | 1.46B | 9.83B | 1.63B | 4.33B | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 27.03B | 28.35B | 23.75B | 19.27B | 24B | 24.19B | 30.38B | 41.1B | 40.31B | 38.81B | 36.87B | 35.58B | 35.93B | 36.72B | 28.7B | 34.14B | 26.08B | 21.54B | 31.81B | 21.11B | 19.19B | 12.96B | 11.21B | 5.21B | 3.03B | 3.38B | 3.6B | 2.14B | 0 |
| Days Inventory Outstanding | 19.78 | 20.49 | 26.18 | 22.23 | 26.5 | 26.87 | 34.28 | 43.01 | 28.91 | 28.54 | 27.75 | 30.9 | 33.91 | 37.4 | 30.5 | 42.88 | 37.56 | 47.63 | 79.5 | 47.55 | 54.73 | 52.99 | 62.73 | 50.93 | 45.03 | 70.12 | 87.84 | 109.33 | - |
| Other Current Assets | 26.1B | 59.33B | 21.93B | 10.56B | 76.64B | 77.14B | 85.68B | 61.18B | 65.33B | 92.36B | 90.97B | 113.97B | 80.27B | 13.99B | 6.02B | 14.26B | 14.96B | 448.05M | 3.41B | 4.5B | 3.64B | 3.59B | 4.3B | 2.63B | 592.21M | 1.66B | 925.3M | 841.94M | 0 |
| Total Non-Current Assets | 1.45T | 1.44T | 1.44T | 1.22T | 1.26T | 1.29T | 1.27T | 1.2T | 1.08T | 1.14T | 1.17T | 955.04B | 989.95B | 798.46B | 794.77B | 705.34B | 642.98B | 344.91B | 321.97B | 267.43B | 210.3B | 169.95B | 138.86B | 120.04B | 92.37B | 69.66B | 55.72B | 19.45B | 6.57B |
| Property, Plant & Equipment | 887.11B | 886.25B | 913.24B | 742.22B | 779.1B | 821.57B | 824.91B | 757.35B | 640B | 676.34B | 701.19B | 573.53B | 588.11B | 501.11B | 500.43B | 466.09B | 411.82B | 227.05B | 209.9B | 167.49B | 136.83B | 111.92B | 84.64B | 70.93B | 61.04B | 39.71B | 33.28B | 12.4B | 6.57B |
| Fixed Asset Turnover | 1.08x | 1.00x | 0.95x | 1.10x | 1.08x | 1.01x | 0.99x | 1.12x | 1.62x | 1.51x | 1.39x | 1.56x | 1.44x | 1.57x | 1.55x | 1.43x | 1.48x | 1.74x | 1.65x | 1.86x | 1.70x | 1.63x | 1.59x | 1.21x | 0.95x | 1.03x | 0.88x | 1.23x | 1.43x |
| Goodwill | 156.99B | 157.71B | 156.84B | 146.08B | 141.12B | 136.58B | 143.05B | 152.9B | 145.57B | 151.46B | 152.63B | 137.11B | 140.9B | 92.49B | 99.71B | 73.04B | 70.92B | 45.81B | 44.7B | 44.84B | 25.54B | 12.25B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 140.56B | 139.48B | 141.74B | 121.5B | 128.89B | 143.23B | 133.46B | 125.17B | 122.14B | 143.54B | 152.37B | 124.75B | 117.32B | 38.22B | 45.2B | 41.54B | 49.05B | 46.56B | 48.11B | 42.26B | 39.05B | 37.61B | 44.41B | 41.59B | 28.15B | 6.69B | 7.12B | 3.88B | 0 |
| Long-Term Investments | 143.25B | 35.84B | 17.59B | 29.29B | 30.96B | 9.95B | 6.37B | 2.47B | 3.13B | 3.74B | 3.6B | 3.11B | 49.26B | 91.3B | 73.12B | 54.22B | 50.54B | 974.69M | 789.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 1.83T | 1.8T | 1.79T | 1.56T | 1.62T | 1.69T | 1.63T | 1.53T | 1.43T | 1.49T | 1.52T | 1.3T | 1.28T | 1.04T | 1T | 969.86B | 876.69B | 453.01B | 435.46B | 349.97B | 318.16B | 230.17B | 193.99B | 149.5B | 113.89B | 92.03B | 89.38B | 65.37B | 52.19B |
| Asset Turnover | 0.52x | 0.49x | 0.48x | 0.52x | 0.52x | 0.49x | 0.50x | 0.56x | 0.73x | 0.69x | 0.64x | 0.69x | 0.66x | 0.75x | 0.77x | 0.69x | 0.69x | 0.87x | 0.79x | 0.89x | 0.73x | 0.79x | 0.69x | 0.57x | 0.51x | 0.45x | 0.33x | 0.23x | 0.18x |
| Asset Growth % | 7.97% | 0.48% | 14.69% | -3.33% | -4.23% | 3.98% | 6.08% | 7.19% | -3.83% | -1.9% | 16.86% | 1.42% | 22.56% | 4.04% | 3.37% | 10.63% | 93.53% | 4.03% | 24.43% | 10% | 38.23% | 18.65% | 29.76% | 31.26% | 23.75% | 2.97% | 36.72% | 25.26% | - |
| Total Current Liabilities | 533.13B | 496B | 494.4B | 524.41B | 488.88B | 534.01B | 507.31B | 525.4B | 467.09B | 413.34B | 470B | 425.22B | 382.19B | 281.47B | 251.53B | 268.87B | 204.54B | 140.26B | 147.8B | 116.34B | 120.74B | 89.27B | 54.39B | 39.66B | 26.02B | 18.71B | 17.89B | 6.62B | 0 |
| Accounts Payable | 140.4B | 64.02B | 65.44B | 70B | 76.46B | 92.16B | 78.29B | 116.83B | 121.38B | 109.02B | 135.77B | 108.65B | 108.31B | 98.76B | 91.79B | 140.42B | 1.91B | 2.12B | 90.87B | 72.89B | 49.17B | 47.42B | 27.66B | 19.88B | 11.02B | 8.18B | 10.57B | 5.13B | 0 |
| Days Payables Outstanding | 57.8 | 46.27 | 72.13 | 80.74 | 84.44 | 102.4 | 88.34 | 122.27 | 87.07 | 80.18 | 102.16 | 94.36 | 102.23 | 100.6 | 97.55 | 176.38 | 2.75 | 4.69 | 227.13 | 164.2 | 140.22 | 193.86 | 154.82 | 194.26 | 163.61 | 169.47 | 257.66 | 261.54 | - |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 249.4B | 170.1B | 206.5B | 201.51B | 215.96B | 215.84B | 201.28B | 203.08B | 200.81B | 202.57B | 199.86B | 152.92B | 184.23B | 12.88B | 10.87B | 7.26B | 453.93M | 35.8B | 0 | -15.18B | 22.9B | 6.04B | 4.06B | 3.1B | 1.96B | 2.12B | 19.28M | 1.1B | 0 |
| Current Ratio | 0.72x | 0.74x | 0.72x | 0.65x | 0.74x | 0.76x | 0.70x | 0.63x | 0.75x | 0.83x | 0.73x | 0.80x | 0.75x | 0.84x | 0.83x | 0.98x | 1.14x | 0.77x | 0.77x | 0.71x | 0.89x | 0.67x | 1.01x | 0.74x | 0.83x | 1.20x | 1.88x | 6.94x | - |
| Quick Ratio | 0.67x | 0.68x | 0.67x | 0.61x | 0.69x | 0.71x | 0.64x | 0.55x | 0.66x | 0.73x | 0.65x | 0.72x | 0.66x | 0.71x | 0.71x | 0.86x | 1.02x | 0.62x | 0.55x | 0.53x | 0.73x | 0.53x | 0.81x | 0.61x | 0.71x | 1.01x | 1.68x | 6.62x | - |
| Cash Conversion Cycle | -38.01 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 867.12B | 878.18B | 867.34B | 618.08B | 691.39B | 701.6B | 802.62B | 779.63B | 716.26B | 812.24B | 774.02B | 710.41B | 661.53B | 544.67B | 438.72B | 405.34B | 336.11B | 134.85B | 142.73B | 106.47B | 88.65B | 55.17B | 62.28B | 40.85B | 38.32B | 17.08B | 4.91B | 3.17B | 0 |
| Long-Term Debt | 422.2B | 612.17B | 463.36B | 339.71B | 408.57B | 418.77B | 480.26B | 495.04B | 542.64B | 646.08B | 625.1B | 563.53B | 545.72B | 464.48B | 404.05B | 372.1B | 294.06B | 101.74B | 116.76B | 85.01B | 85.13B | 51.57B | 55.89B | 37.09B | 36.24B | 15.07B | 1.19B | 85.14M | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 1.4T | 1.37T | 1.36T | 1.14T | 1.18T | 1.24T | 1.31T | 1.31T | 1.18T | 1.23T | 1.24T | 1.14T | 1.04T | 826.15B | 690.25B | 674.22B | 540.66B | 275.1B | 290.53B | 222.81B | 209.39B | 144.44B | 116.67B | 80.51B | 64.33B | 35.79B | 22.8B | 9.78B | 0 |
| Total Debt | 745.43B | 918.75B | 780.72B | 625.85B | 644.74B | 662.68B | 737.71B | 744.85B | 638.92B | 697.88B | 707.8B | 683.22B | 605.45B | 490.32B | 404.05B | 404.86B | 303.1B | 110.91B | 143.49B | 105.01B | 110.2B | 68.59B | 61.26B | 49.15B | 46.55B | 21.33B | 7.95B | 476.79M | 0 |
| Net Debt | 654.93B | 883.74B | 744.07B | 599.25B | 611.04B | 624B | 701.79B | 725.11B | 617.26B | 673.61B | 684.58B | 638.06B | 538.97B | 442.15B | 358.56B | 321.49B | 207.16B | 83.46B | 121.39B | 93B | 69.12B | 57.3B | 44.8B | 39.9B | 37.33B | 18.82B | -14.62B | -36.38B | 0 |
| Debt / Equity | 1.72x | 2.14x | 1.81x | 1.48x | 1.47x | 1.46x | 2.34x | 3.28x | 2.60x | 2.68x | 2.61x | 4.25x | 2.58x | 2.26x | 1.29x | 1.32x | 0.90x | 0.62x | 0.99x | 0.83x | 1.01x | 0.80x | 0.79x | 0.71x | 0.94x | 0.38x | 0.12x | 0.01x | - |
| Debt / EBITDA | 1.98x | 2.58x | 2.55x | 2.21x | 2.17x | 2.25x | 2.70x | 2.71x | 2.20x | 2.73x | 2.79x | 2.59x | 2.24x | 1.92x | 1.55x | 1.17x | 1.25x | 0.71x | 1.04x | 0.83x | 1.29x | 1.25x | 1.46x | 1.54x | 2.22x | 2.04x | 1.36x | 0.13x | - |
| Net Debt / EBITDA | 1.74x | 2.49x | 2.43x | 2.12x | 2.05x | 2.11x | 2.57x | 2.64x | 2.12x | 2.63x | 2.70x | 2.42x | 2.00x | 1.73x | 1.37x | 0.93x | 0.85x | 0.53x | 0.88x | 0.74x | 0.81x | 1.04x | 1.07x | 1.25x | 1.78x | 1.80x | -2.51x | -9.98x | - |
| Interest Coverage | - | 2.82x | 2.48x | 3.41x | 3.98x | 4.01x | 3.50x | 3.03x | 3.76x | 2.68x | 2.46x | 4.05x | 4.39x | 4.41x | 6.74x | 6.53x | 9.01x | 11.22x | 9.19x | 8.23x | 7.04x | 5.07x | 5.59x | - | - | - | - | - | - |
| Total Equity | 432.36B | 428.37B | 432.18B | 421.7B | 437.83B | 454.04B | 315.12B | 226.91B | 245.87B | 260.63B | 271.02B | 160.85B | 234.64B | 216.91B | 312.32B | 305.64B | 336.04B | 177.91B | 144.92B | 127.16B | 108.77B | 85.73B | 77.32B | 68.99B | 49.56B | 56.24B | 66.58B | 55.59B | 49.84B |
| Equity Growth % | -1.67% | -0.88% | 2.49% | -3.68% | -3.57% | 44.09% | 38.88% | -7.71% | -5.66% | -3.83% | 68.49% | -31.45% | 8.17% | -30.55% | 2.19% | -9.05% | 88.89% | 22.76% | 13.97% | 16.91% | 26.88% | 10.88% | 12.07% | 39.21% | -11.88% | -15.53% | 19.78% | 11.53% | - |
| Book Value per Share | 143.05 | 141.73 | 140.04 | 133.77 | 136.96 | 137.66 | 95.11 | 68.74 | 74.44 | 79.09 | 82.51 | 48.11 | 67.76 | 61.56 | 82.36 | 79.40 | 85.05 | 54.34 | 42.35 | 36.09 | 30.27 | 23.56 | 20.81 | 17.67 | 12.59 | 14.10 | 15.30 | 12.79 | 11.47 |
| Total Shareholders' Equity | 366.68B | 362.66B | 369.09B | 366.71B | 373.8B | 389.63B | 250.48B | 177.91B | 196B | 194.16B | 208.92B | 112.28B | 184.38B | 209.01B | 301.8B | 295.64B | 307.65B | 177.17B | 144.27B | 126.54B | 108.11B | 84.7B | 75.66B | 63.91B | 48.37B | 55.5B | 64.43B | 54.93B | 49.84B |
| Common Stock | 229.22M | 231.67M | 95.36B | 95.36B | 95.37B | 96.33B | 96.34B | 96.34B | 96.34B | 96.34B | 96.34B | 96.34B | 96.38B | 96.39B | 96.41B | 0 | 0 | 36.52B | 0 | 0 | 0 | 33.9B | 32.69B | 31.09B | 30.23B | 28.2B | 27.67B | 0 | 0 |
| Retained Earnings | 542.32B | 558.39B | 517.25B | 545.65B | 505.48B | 447.69B | 314.72B | 281.45B | 237.26B | 171.09B | 157.72B | 172.33B | 192.33B | 197.32B | 213.12B | 164.05B | 196.13B | 115.87B | 88.75B | 93.91B | 86.13B | 66.48B | 52.56B | 47.55B | 33.65B | 29.6B | 7.26B | 8.14B | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -285.66B | -307.11B | -243.52B | -274.3B | -227.04B | -154.39B | -160.58B | -199.88B | -137.6B | -73.26B | -45.14B | -156.39B | -104.33B | -91.31B | -7.74B | 25.17B | 15.09B | 24.78B | 18.99B | -4.01B | -12.98B | -15.68B | -9.58B | -14.74B | -15.51B | -2.3B | -67.47M | 46.79B | 0 |
| Minority Interest | 65.69B | 65.71B | 63.1B | 54.99B | 64.02B | 64.41B | 64.64B | 49B | 49.88B | 66.47B | 62.11B | 48.58B | 50.25B | 7.9B | 10.53B | 10B | 28.39B | 732.44M | 656.48M | 620.9M | 658.5M | 1.02B | 1.65B | 5.08B | 1.18B | 742.73M | 2.15B | 659.24M | 0 |
High leverage and FX exposure
As reported in recent financial statements, AMX's debt-to-equity ratio spiked to 2.14 in 2025Q4 before moderating to 1.72 in 2026Q1, highlighting a reliance on external financing that leaves the company sensitive to interest rate fluctuations and regional currency volatility across its Latin American footprint.
The significant fluctuation in total debt, which reached $918.8 billion in 2025Q4, suggests that management utilizes debt as a primary lever for capital allocation and infrastructure funding. Investors should monitor whether this leverage profile remains sustainable given the company's high capital intensity and the potential for margin compression in its core Mexican market.
Based on the provided quarterly data, AMX maintains a current ratio consistently below 1.0, with a 2026Q1 reading of 0.72, indicating that the company's short-term assets may be insufficient to cover immediate liabilities without relying on ongoing cash flow generation or access to credit markets.
This persistent liquidity constraint appears to be a structural feature of the business model rather than a temporary anomaly. The reliance on operational cash flow to meet short-term obligations warrants further investigation, as any disruption in service revenue could rapidly exacerbate the company's liquidity risk profile.
According to the latest balance sheet figures, net property, plant, and equipment (PPE) accounts for a substantial portion of the $1.8 trillion total asset base, with 2026Q1 net PPE reported at $887.1 billion, underscoring the company's heavy reliance on physical network infrastructure to maintain its competitive moat.
The high concentration of capital in long-lived assets suggests that AMX is structurally locked into a high-maintenance business model. While this physical footprint creates significant barriers to entry for competitors, it also necessitates continuous, non-discretionary capital expenditure that may limit the company's ability to pivot toward more asset-light digital services.
As indicated by the company's financial disclosures, goodwill has steadily climbed to $157.0 billion in 2026Q1, representing a significant portion of equity that may be subject to impairment risk if regional economic conditions deteriorate or if the company's M&A strategy fails to deliver expected synergies.
The accumulation of goodwill suggests that past acquisitions, potentially including the integration of regional mobile assets, are heavily reflected in the book value of equity. Investors should be cautious, as any future write-downs could materially impact the company's reported equity position and further strain its already elevated leverage metrics.
Quick answers to the most common questions about buying AMX stock.
As of 2025, América Móvil, S.A.B. de C.V. (AMX) had total assets of $1.80T including $365.72B in current assets.
América Móvil, S.A.B. de C.V. (AMX) carries total debt of $918.75B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
América Móvil, S.A.B. de C.V. (AMX) has total shareholders' equity (book value) of $362.66B ($141.73 book value per share). Book value represents the net worth of the company belonging to common stock holders.
América Móvil, S.A.B. de C.V. (AMX) reported a current ratio of 0.74x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.