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Netflix NFLX Debt-to-assets

Debt-to-assets at other companies

Apple logo
AppleAAPL
0.2×-0.1×
Electronic Arts logo
Electronic ArtsEA
0.0×
Amazon logo
AmazonAMZN
0.3×0.0×
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
0.6×0.0×
Comcast logo
ComcastCMCSA
0.4×0.0×
EchoStar logo
EchoStarSATS
0.7×+0.2×

Other financials

Income statement

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Revenue$12.2B+16.2%
Gross profit$6.4B+20.5%
Operating income$4.0B+18.2%
Net income$5.3B+82.8%
EPS (diluted)$1.23+86.4%

Balance sheet

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Cash & equivalents$12.3B+70.3%
Total debt$16.7B-3.9%
Total equity$31.1B+29.5%
Total assets$61.0B+17.1%

Cash flow

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Operating cash flow$5.3B+89.7%
CapEx$196.1M+52.9%
Free cash flow$5.1B+91.4%

Valuation

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Market cap$325.83B+1.8%
Enterprise value$330.31B+0.3%
P/E24.4×-10.2×
P/S-1.0×

Profitability

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Gross margin49%+2.1pp
Operating margin29.7%+2.0pp
Net margin28.5%+5.4pp

Returns & leverage

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Return on equity48.5%+7.7pp
Debt / equity0.5×-0.2×
Current ratio1.4×+0.2×

Where this comes from

Calculated from Netflix’s reported figures.

Based on the most recent quarter.

The official record: Netflix’s 10-Q, filed April 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Netflix's debt-to-assets?
Netflix (NFLX) reported debt-to-assets of 0.3× in Q1 2026.
How has Netflix's debt-to-assets changed year-over-year?
Netflix's debt-to-assets decreased by 18.0% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Netflix's debt-to-assets?
Over 4 years (2021 to 2025), Netflix's debt-to-assets has grown at a -7.1% compound annual growth rate (CAGR), from 1.7× to 1.3×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.