Current Ratio
since 2005
Calculation
Netflix Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 1.19 | = | 13,020,191) | ÷ | 10,980,930) |
| Dec 31, 2024 | 1.22 | = | 13,100,379) | ÷ | 10,755,400) |
| Dec 31, 2023 | 1.12 | = | 9,918,133) | ÷ | 8,860,655) |
| Dec 31, 2022 | 1.17 | = | 9,266,473) | ÷ | 7,930,974) |
| Dec 31, 2021 | 0.95 | = | 8,069,825) | ÷ | 8,488,966) |
| Dec 31, 2020 | 1.25 | = | 9,761,580) | ÷ | 7,805,785) |
| Dec 31, 2019 | 0.90 | = | 6,178,504) | ÷ | 6,855,696) |
| Dec 31, 2018 | 1.49 | = | 9,694,135) | ÷ | 6,487,320) |
| Dec 31, 2017 | 1.40 | = | 7,669,974) | ÷ | 5,466,312) |
| Dec 31, 2016 | 1.25 | = | 5,720,291) | ÷ | 4,586,657) |
| Dec 31, 2015 | 1.54 | = | 5,431,840) | ÷ | 3,529,624) |
| Dec 31, 2014 | 1.48 | = | 3,940,469) | ÷ | 2,663,154) |
| Dec 31, 2013 | 1.42 | = | 3,058,763) | ÷ | 2,154,203) |
| Dec 31, 2012 | 1.34 | = | 2,240,791) | ÷ | 1,675,926) |
| Dec 31, 2011 | 1.49 | = | 1,830,857) | ÷ | 1,225,055) |
| Dec 31, 2010 | 1.65 | = | 640,967) | ÷ | 388,579) |
| Dec 31, 2009 | 1.82 | = | 411,013) | ÷ | 226,369) |
| Dec 31, 2008 | 1.67 | = | 361,447) | ÷ | 216,017) |
| Dec 31, 2007 | 1.96 | = | 416,532) | ÷ | 212,576) |
| Dec 31, 2006 | 2.21 | = | 428,418) | ÷ | 193,447) |
| Dec 31, 2005 | 1.77 | = | 243,691) | ÷ | 137,587) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The current ratio, a measure of a company’s ability to pay short-term obligations with its short-term assets, exhibited fluctuations over the analyzed period from 2005 to 2025. Initially, the ratio demonstrated a generally positive trend, followed by periods of decline and subsequent stabilization.
- Initial Growth & Stabilization (2005-2009)
- From 2005 to 2009, the current ratio generally increased, starting at 1.77 and reaching 1.82 in 2009. This suggests a strengthening liquidity position during this timeframe. While there was a dip in 2008 to 1.67, the ratio quickly recovered, indicating a temporary setback rather than a sustained weakness.
- Decline & Volatility (2010-2015)
- The period between 2010 and 2015 saw a more volatile pattern. The ratio decreased from 1.65 in 2010 to a low of 1.25 in 2015. This decline suggests a potential weakening in the company’s short-term liquidity, possibly due to faster growth in current liabilities compared to current assets. However, there were minor increases within this period, indicating fluctuations rather than a consistent downward trend.
- Recovery & Subsequent Decline (2016-2019)
- A slight recovery was observed from 2016 to 2018, with the ratio increasing from 1.25 to 1.49. This improvement suggests a renewed focus on managing short-term liquidity. However, this was followed by a significant drop to 0.90 in 2019, indicating a substantial weakening in the ability to cover short-term liabilities with current assets. This represents the lowest point in the observed period.
- Recent Fluctuations & Stabilization (2020-2025)
- From 2020 to 2025, the current ratio experienced further fluctuations. It increased to 1.25 in 2020, then decreased to 0.95 in 2021, before rising again to 1.17 in 2022, 1.12 in 2023, and finally reaching 1.22 in 2024 and 1.19 in 2025. This suggests ongoing challenges in maintaining a consistently strong liquidity position, with the ratio remaining relatively stable, but below the levels seen in the earlier years of the analyzed period.
Overall, the current ratio demonstrates a cyclical pattern with periods of growth, decline, and stabilization. The most significant concern is the drop to 0.90 in 2019, which indicates a period where short-term liabilities exceeded short-term assets. While the ratio has recovered somewhat since then, it has not returned to the levels observed in the earlier part of the analyzed timeframe.
Comparison to Competitors
Netflix Inc., current ratio, long-term trends, comparison to competitors
| Netflix Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Trade Desk Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Dec 31, 2025 | 1.19 | 2.01 | 0.88 | 2.60 | — | 0.71 |
| Dec 31, 2024 | 1.22 | 1.84 | 0.68 | 2.98 | 1.86 | 0.73 |
| Dec 31, 2023 | 1.12 | 2.10 | 0.60 | 2.67 | 1.72 | 1.05 |
| Dec 31, 2022 | 1.17 | 2.38 | 0.78 | 2.20 | 1.90 | 1.00 |
| Dec 31, 2021 | 0.95 | 2.93 | 0.85 | 3.15 | 1.71 | 1.08 |
| Dec 31, 2020 | 1.25 | 3.07 | 0.93 | 5.05 | 1.57 | 1.32 |
| Dec 31, 2019 | 0.90 | 3.37 | 0.84 | 4.40 | 1.56 | 0.90 |
| Dec 31, 2018 | 1.49 | 3.92 | 0.79 | 7.19 | 1.48 | 0.94 |
| Dec 31, 2017 | 1.40 | 5.14 | 0.74 | 12.92 | 1.48 | 0.81 |
| Dec 31, 2016 | 1.25 | 6.29 | 0.76 | 11.97 | 1.50 | 1.01 |
| Dec 31, 2015 | 1.54 | 4.67 | 0.68 | 11.25 | — | 1.03 |
| Dec 31, 2014 | 1.48 | 4.80 | 0.78 | 9.60 | — | 1.14 |
| Dec 31, 2013 | 1.42 | 4.58 | 0.74 | 11.88 | — | 1.21 |
| Dec 31, 2012 | 1.34 | 4.22 | 1.20 | 10.71 | — | 1.07 |
| Dec 31, 2011 | 1.49 | 5.92 | 0.65 | — | — | 1.14 |
| Dec 31, 2010 | 1.65 | 4.16 | 1.08 | — | — | 1.11 |
| Dec 31, 2009 | 1.82 | 10.62 | 0.44 | — | — | 1.33 |
| Dec 31, 2008 | 1.67 | 8.77 | 0.42 | — | — | 1.01 |
| Dec 31, 2007 | 1.96 | 8.49 | 0.46 | — | — | 0.99 |
| Dec 31, 2006 | 2.21 | 10.00 | 0.70 | — | — | 0.94 |
| Dec 31, 2005 | 1.77 | 12.08 | 0.41 | — | — | 0.96 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Media & Entertainment)
Netflix Inc., current ratio, long-term trends, comparison to sector (media & entertainment)
| Netflix Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2025 | 1.19 | — |
| Dec 31, 2024 | 1.22 | 1.59 |
| Dec 31, 2023 | 1.12 | 1.67 |
| Dec 31, 2022 | 1.17 | 1.77 |
| Dec 31, 2021 | 0.95 | 2.08 |
| Dec 31, 2020 | 1.25 | 2.37 |
| Dec 31, 2019 | 0.90 | 2.16 |
| Dec 31, 2018 | 1.49 | 2.50 |
| Dec 31, 2017 | 1.40 | 2.84 |
| Dec 31, 2016 | 1.25 | 2.85 |
| Dec 31, 2015 | 1.54 | 2.47 |
| Dec 31, 2014 | 1.48 | 2.46 |
| Dec 31, 2013 | 1.42 | 2.35 |
| Dec 31, 2012 | 1.34 | 2.31 |
| Dec 31, 2011 | 1.49 | 2.17 |
| Dec 31, 2010 | 1.65 | 2.14 |
| Dec 31, 2009 | 1.82 | 2.33 |
| Dec 31, 2008 | 1.67 | 1.56 |
| Dec 31, 2007 | 1.96 | 1.51 |
| Dec 31, 2006 | 2.21 | 1.47 |
| Dec 31, 2005 | 1.77 | 1.27 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
Netflix Inc., current ratio, long-term trends, comparison to industry (communication services)
| Netflix Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2025 | 1.19 | — |
| Dec 31, 2024 | 1.22 | 1.24 |
| Dec 31, 2023 | 1.12 | 1.31 |
| Dec 31, 2022 | 1.17 | 1.29 |
| Dec 31, 2021 | 0.95 | 1.42 |
| Dec 31, 2020 | 1.25 | 1.74 |
| Dec 31, 2019 | 0.90 | 1.49 |
| Dec 31, 2018 | 1.49 | 1.59 |
| Dec 31, 2017 | 1.40 | 1.65 |
| Dec 31, 2016 | 1.25 | 1.69 |
| Dec 31, 2015 | 1.54 | 1.45 |
| Dec 31, 2014 | 1.48 | 1.61 |
| Dec 31, 2013 | 1.42 | 1.90 |
| Dec 31, 2012 | 1.34 | 1.44 |
| Dec 31, 2011 | 1.49 | 1.35 |
| Dec 31, 2010 | 1.65 | 1.12 |
| Dec 31, 2009 | 1.82 | 1.08 |
| Dec 31, 2008 | 1.67 | 0.93 |
| Dec 31, 2007 | 1.96 | 0.89 |
| Dec 31, 2006 | 2.21 | 0.83 |
| Dec 31, 2005 | 1.77 | 0.78 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).