How much debt does Netflix have?
According to Netflix's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Netflix's total debt stands at $14.54B. This is broken down into:
- Long-term debt: $14.14B
- Short-term debt: $399.84M
The company's net debt, which accounts for cash and cash equivalents, is $7.43B. In terms of overall financial obligations, Netflix's total liabilities amount to $28.14B.
Debt Ratios and Metrics
To better understand Netflix's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.71 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 29.84% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 9.29 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 40.72% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 41.40% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Netflix's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$14.54B
Long-term Debt
$14.14B
Short-term Debt
$399.84M
Net Debt
$7.43B
Total Liabilities
$28.14B
Interest Coverage
9.29
Debt to Equity Ratio
0.71
Debt Ratio
29.84%
Netflix Historical Debt Metrics
Netflix Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2023.
Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
---|---|---|---|---|---|---|---|---|---|---|
2023 | $14.54B | $14.14B | $399.84M | $7.43B | $28.14B | 0.71 | 29.84% | 9.29 | 40.72% | 41.40% |
2022 | $14.35B | $14.35B | $355.99M | $9.21B | $27.82B | 0.71 | 30.27% | 7.98 | 40.86% | 41.45% |
2021 | $15.39B | $14.69B | $699.82M | $9.37B | $28.74B | 0.97 | 34.53% | 8.09 | 48.11% | 49.27% |
2020 | $16.31B | $15.81B | $499.88M | $8.10B | $28.22B | 1.47 | 41.52% | 3.31 | 58.83% | 59.58% |
2019 | $14.76B | $14.76B | $843.04M | $9.74B | $- | 2.06 | 45.92% | 4.16 | 66.06% | 67.30% |
2018 | $10.36B | $10.36B | $477.42M | $6.57B | $20.74B | 2.07 | 41.72% | 3.82 | 66.42% | 67.41% |
2017 | $6.50B | $6.50B | $315.09M | $3.68B | $15.43B | 1.90 | 35.84% | 2.37 | 64.47% | 65.55% |
2016 | $3.36B | $3.36B | $197.63M | $1.90B | $10.91B | 1.33 | 26.22% | 2.53 | 55.66% | 57.07% |
2015 | $2.37B | $2.37B | $140.39M | $562.03M | $7.98B | 1.13 | 24.62% | 1.87 | 51.61% | 53.04% |
2014 | $900.00M | $900.00M | $69.75M | $-213.61M | $5.18B | 0.52 | 13.74% | 7.56 | 32.64% | 34.30% |