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 $15.58B. This is broken down into:
- Long-term debt: $13.80B
- Short-term debt: $1.78B
The company's net debt, which accounts for cash and cash equivalents, is $7.78B. In terms of overall financial obligations, Netflix's total liabilities amount to $28.89B.
Debt Ratios and Metrics
To better understand Netflix's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.63 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 29.06% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 14.49 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 35.80% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 38.64% - 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
$15.58B
Long-term Debt
$13.80B
Short-term Debt
$1.78B
Net Debt
$7.78B
Total Liabilities
$28.89B
Interest Coverage
14.49
Debt to Equity Ratio
0.63
Debt Ratio
29.06%
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 2024.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $15.58B | $13.80B | $1.78B | $7.78B | $28.89B | 0.63 | 29.06% | 14.49 | 35.80% | 38.64% |
| 2023 | $14.54B | $16.19B | $399.84M | $7.43B | $28.14B | 0.71 | 29.84% | 9.29 | 40.72% | 41.40% |
| 2022 | $14.35B | $16.58B | $- | $9.21B | $27.82B | 0.69 | 29.54% | 7.98 | 40.86% | 40.86% |
| 2021 | $15.39B | $17.10B | $699.82M | $9.37B | $28.74B | 0.97 | 34.53% | 8.09 | 48.11% | 49.27% |
| 2020 | $16.31B | $17.75B | $499.88M | $8.10B | $28.22B | 1.47 | 41.52% | 3.31 | 58.83% | 59.58% |
| 2019 | $14.76B | $16.18B | $- | $9.74B | $- | 1.95 | 43.44% | 4.16 | 66.06% | 66.06% |
| 2018 | $10.36B | $10.36B | $- | $6.57B | $20.74B | 1.98 | 39.89% | 3.82 | 66.42% | 66.42% |
| 2017 | $6.50B | $6.50B | $- | $3.68B | $15.43B | 1.81 | 34.18% | 2.37 | 64.47% | 64.47% |
| 2016 | $3.36B | $3.36B | $- | $1.90B | $10.91B | 1.26 | 24.76% | 2.53 | 55.66% | 55.66% |
| 2015 | $2.37B | $2.37B | $- | $562.03M | $7.98B | 1.07 | 23.24% | 1.87 | 51.61% | 51.61% |
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