Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Current ratio | 1.22 | 1.12 | 1.17 | 0.95 | 1.25 | |
Quick ratio | 1.18 | 1.07 | 1.12 | 0.91 | 1.22 | |
Cash ratio | 0.89 | 0.81 | 0.76 | 0.71 | 1.05 |
Based on: 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).
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Netflix Inc. current ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Netflix Inc. quick ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Netflix Inc. cash ratio improved from 2022 to 2023 and from 2023 to 2024. |
Current Ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Current assets | 13,100,379) | 9,918,133) | 9,266,473) | 8,069,825) | 9,761,580) | |
Current liabilities | 10,755,400) | 8,860,655) | 7,930,974) | 8,488,966) | 7,805,785) | |
Liquidity Ratio | ||||||
Current ratio1 | 1.22 | 1.12 | 1.17 | 0.95 | 1.25 | |
Benchmarks | ||||||
Current Ratio, Competitors2 | ||||||
Alphabet Inc. | 1.84 | 2.10 | 2.38 | 2.93 | 3.07 | |
Comcast Corp. | 0.68 | 0.60 | 0.78 | 0.85 | 0.93 | |
Meta Platforms Inc. | 2.98 | 2.67 | 2.20 | 3.15 | 5.05 | |
Walt Disney Co. | 0.73 | 1.05 | 1.00 | 1.08 | 1.32 | |
Current Ratio, Sector | ||||||
Media & Entertainment | 1.58 | 1.67 | 1.76 | 2.08 | 2.38 | |
Current Ratio, Industry | ||||||
Communication Services | 1.23 | 1.30 | 1.28 | 1.41 | 1.74 |
Based on: 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).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 13,100,379 ÷ 10,755,400 = 1.22
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Netflix Inc. current ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Quick Ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Cash and cash equivalents | 7,804,733) | 7,116,913) | 5,147,176) | 6,027,804) | 8,205,550) | |
Short-term investments | 1,779,006) | 20,973) | 911,276) | —) | —) | |
Trade receivables | 1,335,304) | 1,287,054) | 988,898) | 804,320) | 610,819) | |
Other | 1,749,412) | 1,084,257) | 1,826,388) | 913,883) | 742,169) | |
Total quick assets | 12,668,455) | 9,509,197) | 8,873,738) | 7,746,007) | 9,558,538) | |
Current liabilities | 10,755,400) | 8,860,655) | 7,930,974) | 8,488,966) | 7,805,785) | |
Liquidity Ratio | ||||||
Quick ratio1 | 1.18 | 1.07 | 1.12 | 0.91 | 1.22 | |
Benchmarks | ||||||
Quick Ratio, Competitors2 | ||||||
Alphabet Inc. | 1.66 | 1.94 | 2.22 | 2.79 | 2.95 | |
Comcast Corp. | 0.53 | 0.50 | 0.62 | 0.71 | 0.81 | |
Meta Platforms Inc. | 2.82 | 2.55 | 2.01 | 2.94 | 4.89 | |
Walt Disney Co. | 0.54 | 0.85 | 0.83 | 0.94 | 1.15 | |
Quick Ratio, Sector | ||||||
Media & Entertainment | 1.42 | 1.53 | 1.61 | 1.94 | 2.25 | |
Quick Ratio, Industry | ||||||
Communication Services | 1.04 | 1.11 | 1.08 | 1.22 | 1.53 |
Based on: 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).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 12,668,455 ÷ 10,755,400 = 1.18
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Netflix Inc. quick ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Cash Ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Cash and cash equivalents | 7,804,733) | 7,116,913) | 5,147,176) | 6,027,804) | 8,205,550) | |
Short-term investments | 1,779,006) | 20,973) | 911,276) | —) | —) | |
Total cash assets | 9,583,739) | 7,137,886) | 6,058,452) | 6,027,804) | 8,205,550) | |
Current liabilities | 10,755,400) | 8,860,655) | 7,930,974) | 8,488,966) | 7,805,785) | |
Liquidity Ratio | ||||||
Cash ratio1 | 0.89 | 0.81 | 0.76 | 0.71 | 1.05 | |
Benchmarks | ||||||
Cash Ratio, Competitors2 | ||||||
Alphabet Inc. | 1.07 | 1.36 | 1.64 | 2.17 | 2.41 | |
Comcast Corp. | 0.18 | 0.15 | 0.17 | 0.30 | 0.41 | |
Meta Platforms Inc. | 2.32 | 2.05 | 1.51 | 2.27 | 4.14 | |
Walt Disney Co. | 0.17 | 0.46 | 0.40 | 0.51 | 0.67 | |
Cash Ratio, Sector | ||||||
Media & Entertainment | 0.95 | 1.05 | 1.10 | 1.42 | 1.75 | |
Cash Ratio, Industry | ||||||
Communication Services | 0.62 | 0.68 | 0.64 | 0.80 | 1.07 |
Based on: 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).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 9,583,739 ÷ 10,755,400 = 0.89
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Netflix Inc. cash ratio improved from 2022 to 2023 and from 2023 to 2024. |