Debt to Equity
since 2005
Calculation
Netflix Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.71 | = | 14,543,261) | ÷ | 20,588,313) |
| Dec 31, 2022 | 0.69 | = | 14,353,076) | ÷ | 20,777,401) |
| Dec 31, 2021 | 0.97 | = | 15,392,895) | ÷ | 15,849,248) |
| Dec 31, 2020 | 1.47 | = | 16,308,973) | ÷ | 11,065,240) |
| Dec 31, 2019 | 1.95 | = | 14,759,260) | ÷ | 7,582,157) |
| Dec 31, 2018 | 1.98 | = | 10,360,058) | ÷ | 5,238,765) |
| Dec 31, 2017 | 1.81 | = | 6,499,432) | ÷ | 3,581,956) |
| Dec 31, 2016 | 1.26 | = | 3,364,311) | ÷ | 2,679,800) |
| Dec 31, 2015 | 1.07 | = | 2,371,362) | ÷ | 2,223,426) |
| Dec 31, 2014 | 0.48 | = | 900,000) | ÷ | 1,857,708) |
| Dec 31, 2013 | 0.37 | = | 500,000) | ÷ | 1,333,561) |
| Dec 31, 2012 | 0.54 | = | 400,000) | ÷ | 744,673) |
| Dec 31, 2011 | 0.62 | = | 400,000) | ÷ | 642,810) |
| Dec 31, 2010 | 0.69 | = | 200,000) | ÷ | 290,164) |
| Dec 31, 2009 | 1.00 | = | 200,000) | ÷ | 199,143) |
| Dec 31, 2008 | 0.00 | = | —) | ÷ | 347,155) |
| Dec 31, 2007 | 0.00 | = | —) | ÷ | 430,749) |
| Dec 31, 2006 | 0.00 | = | —) | ÷ | 414,211) |
| Dec 31, 2005 | 0.00 | = | —) | ÷ | 226,252) |
Based on: 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
Comparison to Competitors
Netflix Inc., debt to equity, long-term trends, comparison to competitors
| Netflix Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.71 | 0.05 | 1.17 | 0.12 | 0.47 |
| Dec 31, 2022 | 0.69 | 0.06 | 1.17 | 0.08 | 0.51 |
| Dec 31, 2021 | 0.97 | 0.06 | 0.99 | 0.00 | 0.61 |
| Dec 31, 2020 | 1.47 | 0.06 | 1.15 | 0.00 | 0.70 |
| Dec 31, 2019 | 1.95 | 0.02 | 1.24 | 0.00 | 0.53 |
| Dec 31, 2018 | 1.98 | 0.02 | 1.56 | 0.00 | 0.43 |
| Dec 31, 2017 | 1.81 | 0.03 | 0.94 | 0.00 | 0.61 |
| Dec 31, 2016 | 1.26 | 0.03 | 1.13 | 0.00 | 0.47 |
| Dec 31, 2015 | 1.07 | 0.04 | 1.01 | 0.00 | 0.39 |
| Dec 31, 2014 | 0.48 | 0.05 | 0.92 | 0.01 | 0.33 |
| Dec 31, 2013 | 0.37 | 0.06 | 0.94 | 0.03 | 0.31 |
| Dec 31, 2012 | 0.54 | 0.08 | 0.82 | 0.20 | 0.36 |
| Dec 31, 2011 | 0.62 | 0.07 | 0.83 | — | 0.37 |
| Dec 31, 2010 | 0.69 | 0.07 | 0.71 | — | 0.33 |
| Dec 31, 2009 | 1.00 | 0.00 | 0.68 | — | 0.38 |
| Dec 31, 2008 | 0.00 | 0.00 | 0.80 | — | 0.45 |
| Dec 31, 2007 | 0.00 | 0.00 | 0.76 | — | 0.49 |
| Dec 31, 2006 | 0.00 | 0.00 | 0.70 | — | 0.43 |
| Dec 31, 2005 | 0.00 | 0.00 | 0.58 | — | 0.48 |
Based on: 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., debt to equity, long-term trends, comparison to sector (media & entertainment)
| Netflix Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2023 | 0.71 | 0.30 |
| Dec 31, 2022 | 0.69 | 0.31 |
| Dec 31, 2021 | 0.97 | 0.31 |
| Dec 31, 2020 | 1.47 | 0.36 |
| Dec 31, 2019 | 1.95 | 0.35 |
| Dec 31, 2018 | 1.98 | 0.38 |
| Dec 31, 2017 | 1.81 | 0.29 |
| Dec 31, 2016 | 1.26 | 0.30 |
| Dec 31, 2015 | 1.07 | 0.29 |
| Dec 31, 2014 | 0.48 | 0.29 |
| Dec 31, 2013 | 0.37 | 0.34 |
| Dec 31, 2012 | 0.54 | 0.36 |
| Dec 31, 2011 | 0.62 | 0.40 |
| Dec 31, 2010 | 0.69 | 0.37 |
| Dec 31, 2009 | 1.00 | 0.37 |
| Dec 31, 2008 | 0.00 | 0.46 |
| Dec 31, 2007 | 0.00 | 0.49 |
| Dec 31, 2006 | 0.00 | 0.47 |
| Dec 31, 2005 | 0.00 | 0.47 |
Based on: 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., debt to equity, long-term trends, comparison to industry (communication services)
| Netflix Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2023 | 0.71 | 0.62 |
| Dec 31, 2022 | 0.69 | 0.65 |
| Dec 31, 2021 | 0.97 | 0.65 |
| Dec 31, 2020 | 1.47 | 0.67 |
| Dec 31, 2019 | 1.95 | 0.62 |
| Dec 31, 2018 | 1.98 | 0.71 |
| Dec 31, 2017 | 1.81 | 0.75 |
| Dec 31, 2016 | 1.26 | 0.75 |
| Dec 31, 2015 | 1.07 | 0.81 |
| Dec 31, 2014 | 0.48 | 0.81 |
| Dec 31, 2013 | 0.37 | 0.75 |
| Dec 31, 2012 | 0.54 | 0.62 |
| Dec 31, 2011 | 0.62 | 0.62 |
| Dec 31, 2010 | 0.69 | 0.60 |
| Dec 31, 2009 | 1.00 | 0.69 |
| Dec 31, 2008 | 0.00 | 0.73 |
| Dec 31, 2007 | 0.00 | 0.54 |
| Dec 31, 2006 | 0.00 | 0.54 |
| Dec 31, 2005 | 0.00 | 0.62 |
Based on: 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).