Netflix, Inc. NFLX
71.15
(0.57)
(0.79%)
as of 25 Sep
- Market cap
- $298.1B
- P/E
- 22.0×
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Netflix, Inc. (NFLX) Debt to equity
Netflix, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.4×, down 0.1× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2025) to 2.0× (fiscal 2018) — the current reading is the lowest in ten years. That is below the Entertainment industry median of 0.5× and above the Communication Services sector median of 0.1×.
Debt to equity, annual
Annual
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 0.5× | (9.29%) |
| FY2024 | 0.6× | (18.82%) |
| FY2023 | 0.7× | (0.55%) |
| FY2022 | 0.7× | (25.49%) |
| FY2021 | 0.9× | (35.11%) |
| FY2020 | 1.4× | (26.61%) |
| FY2019 | 1.9× | (1.57%) |
| FY2018 | 2.0× | 8.99% |
| FY2017 | 1.8× | 44.54% |
| FY2016 | 1.3× | 17.71% |
Quarterly
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 0.4× | (8.64%) |
| Mar 2026 | 0.4× | (15.14%) |
| Dec 2025 | 0.5× | (9.22%) |
| Sep 2025 | 0.6× | (3.78%) |
| 42 more quarters | Free account |
Against its own ten years
Low 0.5×
High 2.0×
Ten-year median
1.1×
Current reading's percentile
9
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| NFLX Netflix, Inc. | 0.4× |
| DIS The Walt Disney Company compare | 0.4× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 0.5× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 0.5× |
| FOX Fox Corporation compare | 0.6× |
| FOXA Fox Corporation compare | 0.6× |
| TKO TKO Group Holdings, Inc. compare | 0.6× |
| WBD Warner Bros. Discovery, Inc. compare | 0.9× |
| LYV Live Nation Entertainment, Inc. compare | 12.2× |
| Entertainment industry median | 0.5× |
| Communication Services sector median | 0.1× |
| Market median | 0.2× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on NFLX
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- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- The full statement