Stock Analysis on Net
Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Analysis of Liquidity Ratios
Quarterly Data

Beginner level

Liquidity Ratios (Summary)

Netflix Inc., liquidity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Current ratio 1.24 1.12 0.82 0.90 0.73 0.85 0.61 1.49 1.39 1.54 1.30 1.40 1.20 1.31 1.15 1.25 1.18 1.33 1.41 1.54 1.67 1.74 1.84
Quick ratio 1.06 0.94 0.66 0.73 0.61 0.72 0.49 0.58 0.49 0.64 0.43 0.52 0.33 0.42 0.27 0.38 0.30 0.45 0.53 0.65 0.78 0.87 0.98
Cash ratio 1.06 0.94 0.66 0.73 0.61 0.72 0.49 0.58 0.49 0.64 0.43 0.52 0.33 0.42 0.27 0.38 0.30 0.45 0.53 0.65 0.78 0.87 0.98

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-20), 10-Q (filing date: 2020-04-21), 10-K (filing date: 2020-01-29), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-19), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-01-29), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-01-29), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-01-27), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-19), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-01-28), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Netflix Inc.’s current ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Netflix Inc.’s quick ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Netflix Inc.’s cash ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Current Ratio

Netflix Inc., current ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Current assets 9,826,480  8,564,139  6,447,781  6,178,504  5,327,758  5,877,157  4,168,907  9,694,135  8,729,981  9,346,889  7,817,576  7,669,974  6,385,348  6,700,785  5,660,330  5,720,291  5,193,893  5,386,918  5,543,836  5,431,840  5,569,713  5,600,510  5,539,056 
Current liabilities 7,939,795  7,626,418  7,853,725  6,855,696  7,257,900  6,933,984  6,857,807  6,487,320  6,298,240  6,079,641  6,005,587  5,466,312  5,310,677  5,122,945  4,911,229  4,586,657  4,411,405  4,051,837  3,933,632  3,529,624  3,341,418  3,220,069  3,008,849 
Liquidity Ratio
Current ratio1 1.24 1.12 0.82 0.90 0.73 0.85 0.61 1.49 1.39 1.54 1.30 1.40 1.20 1.31 1.15 1.25 1.18 1.33 1.41 1.54 1.67 1.74 1.84
Benchmarks
Current Ratio, Competitors2
Charter Communications Inc. 0.40 0.52 0.44 0.52 0.28 0.34 0.31 0.23 0.23 0.20 0.21 0.23 0.40 0.32 0.49 0.34 0.32 0.26 0.84 0.17 0.22 0.28 0.88
Comcast Corp. 0.93 0.97 0.87 0.84 0.86 0.69 0.73 0.79 1.18 0.96 0.98 0.74 0.74 0.67 0.80 0.76 0.84 0.84 0.80 0.68 0.66 0.76 0.70
Walt Disney Co. 1.34 0.94 0.80 0.90 0.70 0.77 1.00 0.94 0.88 0.85 0.87 0.81 1.00 0.94 0.86 1.01 0.97 1.00 0.95 1.03 1.11 1.17 1.03

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-20), 10-Q (filing date: 2020-04-21), 10-K (filing date: 2020-01-29), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-19), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-01-29), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-01-29), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-01-27), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-19), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-01-28), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).

1 Q3 2020 Calculation
Current ratio = Current assets ÷ Current liabilities
= 9,826,480 ÷ 7,939,795 = 1.24

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.’s current ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Quick Ratio

Netflix Inc., quick ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 8,392,391  7,153,248  5,151,884  5,018,437  4,435,018  5,004,247  3,348,557  3,794,483  3,067,534  3,906,357  2,593,666  2,822,795  1,746,469  1,918,777  1,077,824  1,467,576  969,158  1,390,925  1,605,244  1,809,330  2,115,437  2,293,872  2,454,777 
Short-term investments —  —  —  —  —  —  —  —  —  —  —  —  —  246,125  263,405  266,206  374,098  443,303  467,227  501,385  494,205  502,886  502,931 
Total quick assets 8,392,391  7,153,248  5,151,884  5,018,437  4,435,018  5,004,247  3,348,557  3,794,483  3,067,534  3,906,357  2,593,666  2,822,795  1,746,469  2,164,902  1,341,229  1,733,782  1,343,256  1,834,228  2,072,471  2,310,715  2,609,642  2,796,758  2,957,708 
 
Current liabilities 7,939,795  7,626,418  7,853,725  6,855,696  7,257,900  6,933,984  6,857,807  6,487,320  6,298,240  6,079,641  6,005,587  5,466,312  5,310,677  5,122,945  4,911,229  4,586,657  4,411,405  4,051,837  3,933,632  3,529,624  3,341,418  3,220,069  3,008,849 
Liquidity Ratio
Quick ratio1 1.06 0.94 0.66 0.73 0.61 0.72 0.49 0.58 0.49 0.64 0.43 0.52 0.33 0.42 0.27 0.38 0.30 0.45 0.53 0.65 0.78 0.87 0.98
Benchmarks
Quick Ratio, Competitors2
Charter Communications Inc. 0.33 0.45 0.38 0.46 0.23 0.28 0.25 0.19 0.20 0.17 0.17 0.20 0.37 0.27 0.44 0.31 0.28 0.22 0.80 0.14 0.16 0.21 0.86
Comcast Corp. 0.81 0.85 0.70 0.55 0.55 0.48 0.51 0.54 1.00 0.77 0.77 0.56 0.56 0.47 0.61 0.52 0.57 0.65 0.63 0.51 0.49 0.60 0.54
Walt Disney Co. 1.16 0.81 0.69 0.67 0.50 0.56 0.83 0.75 0.71 0.70 0.73 0.65 0.82 0.75 0.70 0.81 0.78 0.81 0.78 0.75 0.84 0.89 0.81

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-20), 10-Q (filing date: 2020-04-21), 10-K (filing date: 2020-01-29), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-19), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-01-29), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-01-29), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-01-27), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-19), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-01-28), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).

1 Q3 2020 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 8,392,391 ÷ 7,939,795 = 1.06

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.’s quick ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Cash Ratio

Netflix Inc., cash ratio calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 8,392,391  7,153,248  5,151,884  5,018,437  4,435,018  5,004,247  3,348,557  3,794,483  3,067,534  3,906,357  2,593,666  2,822,795  1,746,469  1,918,777  1,077,824  1,467,576  969,158  1,390,925  1,605,244  1,809,330  2,115,437  2,293,872  2,454,777 
Short-term investments —  —  —  —  —  —  —  —  —  —  —  —  —  246,125  263,405  266,206  374,098  443,303  467,227  501,385  494,205  502,886  502,931 
Total cash assets 8,392,391  7,153,248  5,151,884  5,018,437  4,435,018  5,004,247  3,348,557  3,794,483  3,067,534  3,906,357  2,593,666  2,822,795  1,746,469  2,164,902  1,341,229  1,733,782  1,343,256  1,834,228  2,072,471  2,310,715  2,609,642  2,796,758  2,957,708 
 
Current liabilities 7,939,795  7,626,418  7,853,725  6,855,696  7,257,900  6,933,984  6,857,807  6,487,320  6,298,240  6,079,641  6,005,587  5,466,312  5,310,677  5,122,945  4,911,229  4,586,657  4,411,405  4,051,837  3,933,632  3,529,624  3,341,418  3,220,069  3,008,849 
Liquidity Ratio
Cash ratio1 1.06 0.94 0.66 0.73 0.61 0.72 0.49 0.58 0.49 0.64 0.43 0.52 0.33 0.42 0.27 0.38 0.30 0.45 0.53 0.65 0.78 0.87 0.98
Benchmarks
Cash Ratio, Competitors2
Charter Communications Inc. 0.13 0.23 0.22 0.28 0.04 0.07 0.12 0.05 0.05 0.06 0.05 0.06 0.21 0.09 0.31 0.16 0.13 0.06 0.66 0.00 0.00 0.02 0.83
Comcast Corp. 0.46 0.49 0.31 0.18 0.13 0.13 0.13 0.14 0.54 0.30 0.31 0.16 0.19 0.12 0.21 0.15 0.16 0.27 0.29 0.13 0.11 0.20 0.21
Walt Disney Co. 0.75 0.40 0.20 0.17 0.15 0.23 0.25 0.23 0.21 0.21 0.24 0.21 0.25 0.22 0.19 0.27 0.29 0.29 0.23 0.26 0.30 0.28 0.30

Based on: 10-Q (filing date: 2020-10-22), 10-Q (filing date: 2020-07-20), 10-Q (filing date: 2020-04-21), 10-K (filing date: 2020-01-29), 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-19), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-01-29), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-01-29), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-01-27), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-19), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-01-28), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17).

1 Q3 2020 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 8,392,391 ÷ 7,939,795 = 1.06

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.’s cash ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.