Netflix, Inc. (NFLX) Debt to Equity Ratio: 0.54
Is Netflix, Inc.’s debt to equity ratio high or low?
Netflix, Inc.'s debt to equity ratio of 0.54 is 42% below its 5-year average of 0.93, near the low end of its 5-year range (0.54–1.67).
The debt to equity ratio for Netflix, Inc. (NFLX) is 0.54 as of Wednesday, June 10, 2026. It is below its 12-month average by 14.96% (0.64).
NFLX Debt to Equity Ratio Chart
NFLX Average Debt to Equity Ratio Chart
NFLX Current vs Average Debt to Equity Ratio Chart
NFLX Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.54
DEBT TO EQUITY RATIO AVG TTM
0.64
DEBT TO EQUITY RATIO AVG 3Y
0.69
DEBT TO EQUITY RATIO AVG 5Y
0.93
DEBT TO EQUITY RATIO AVG 10Y
1.26
DEBT TO EQUITY RATIO AVG 15Y
1.04
DEBT TO EQUITY RATIO AVG 20Y
0.86
CURRENT VS TTM AVG
-14.96%
CURRENT VS 3Y AVG
-22.30%
CURRENT VS 5Y AVG
-42.04%
CURRENT VS 10Y AVG
-57.17%
CURRENT VS 15Y AVG
-48.26%
CURRENT VS 20Y AVG
-37.35%
NFLX Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Netflix, Inc. (NFLX) | — | 0.54 | 0.64 | 0.69 | 0.93 |
| T-Mobile US, Inc. (TMUS) | $200.66B | 2.07 | 1.96 | 1.82 | 1.75 |
| Verizon Communications Inc. (VZ) | $195.94B | 1.92 | 1.81 | 1.86 | 1.97 |
| The Walt Disney Company (DIS) | $171.20B | 0.41 | 0.45 | 0.49 | 0.56 |
| AT&T Inc. (T) | $161.17B | 1.57 | 1.46 | 1.50 | 1.38 |
| Spotify Technology S.A. (SPOT) | $103.45B | 0.28 | 0.32 | 0.50 | 0.51 |
| Comcast Corporation (CMCSA) | $85.63B | 1.14 | 1.15 | 1.21 | 1.19 |
| Electronic Arts Inc. (EA) | $50.95B | 0.22 | 0.28 | 0.28 | 0.27 |
| Twitter, Inc. (delisted) (TWTR) | $41.09B | 0.76 | 0.66 | 0.53 | 0.47 |
| Reddit, Inc. (RDDT) | $33.69B | 0.01 | 0.01 | 0.01 | 0.02 |
Financial Health
Debt/Equity
0.54
Current Ratio
1.19
Netflix, Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Netflix, Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Netflix, Inc. (NFLX)?
- The debt to equity ratio for NFLX stock is 0.54.
- Is Netflix, Inc.'s debt to equity ratio high or low?
- Netflix, Inc.'s debt to equity ratio of 0.54 is 42% below its 5-year average of 0.93, near the low end of its 5-year range (0.54–1.67).
- What is the TTM average debt to equity ratio for Netflix, Inc. (NFLX)?
- The TTM average debt to equity ratio for NFLX stock is 0.64.
- What is the 3Y average debt to equity ratio for Netflix, Inc. (NFLX)?
- The 3Y average debt to equity ratio for NFLX stock is 0.69.
- What is the 5Y average debt to equity ratio for Netflix, Inc. (NFLX)?
- The 5Y average debt to equity ratio for NFLX stock is 0.93.
- What is the 10Y average debt to equity ratio for Netflix, Inc. (NFLX)?
- The 10Y average debt to equity ratio for NFLX stock is 1.26.
- What is the 15Y average debt to equity ratio for Netflix, Inc. (NFLX)?
- The 15Y average debt to equity ratio for NFLX stock is 1.04.
- What is the 20Y average debt to equity ratio for Netflix, Inc. (NFLX)?
- The 20Y average debt to equity ratio for NFLX stock is 0.86.
Netflix, Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.54 |
| 2024-12-31 | 0.73 |
| 2023-12-31 | 0.82 |
| 2022-12-31 | 0.69 |
| 2021-12-31 | 1.14 |
| 2020-12-31 | 1.67 |
| 2019-12-31 | 2.16 |
| 2018-12-31 | 1.98 |
| 2017-12-31 | 1.81 |
| 2016-12-31 | 1.26 |
| 2015-12-31 | 1.07 |
| 2014-12-31 | 0.48 |
| 2013-12-31 | 0.37 |
| 2012-12-31 | 0.54 |
| 2011-12-31 | 0.63 |
| 2010-12-31 | 0.81 |
| 2009-12-31 | 1.20 |
| 2008-12-31 | 0.12 |
| 2007-12-31 | 0.08 |
| 2006-12-31 | 0.00 |
| 2005-12-31 | 0.00 |
| 2004-12-31 | 0.00 |
| 2003-12-31 | 0.00 |
| 2002-12-31 | 0.02 |
Related Metrics
About Netflix, Inc.
Netflix, Inc. serves as a worldwide entertainment provider. Its comprehensive library features television series, motion pictures, documentaries, and mobile games, spanning numerous genres and languages. Members can effortlessly stream this content through a variety of internet-connected devices, including smart TVs, digital media players, cable boxes, and mobile phones. Furthermore, the company continues to offer a DVD-by-mail subscription service to its customers in the United States. With roughly 222 million paying subscribers distributed across 190 countries, Netflix was founded in 1997 and is headquartered in Los Gatos, California.
- Sector
- Communication Services
- Industry
- Entertainment
- CEO
- Theodore A. Sarandos