Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Analysis of Solvency Ratios 
Quarterly Data

Microsoft Excel LibreOffice Calc

Solvency Ratios (Summary)

Netflix Inc., solvency ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 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
Debt Ratios
Debt to equity 0.83 0.97 1.01 1.13 1.21 1.47 1.55 1.69 1.74 1.95 1.81 2.06 1.81 1.98 1.66 1.86 1.63 1.81 1.47 1.55 1.13
Debt to capital 0.45 0.49 0.50 0.53 0.55 0.60 0.61 0.63 0.64 0.66 0.64 0.67 0.64 0.66 0.62 0.65 0.62 0.64 0.60 0.61 0.53
Debt to assets 0.32 0.35 0.36 0.38 0.39 0.42 0.42 0.42 0.42 0.43 0.40 0.42 0.38 0.40 0.36 0.37 0.32 0.34 0.29 0.29 0.23
Financial leverage 2.58 2.81 2.79 2.96 3.11 3.55 3.74 3.98 4.17 4.48 4.51 4.94 4.77 4.96 4.66 5.04 5.01 5.31 5.09 5.31 4.83
Coverage Ratios
Interest coverage 8.62 8.63 8.49 7.41 6.71 5.17 4.80 5.21 4.64 4.29 4.52 3.66 3.79 3.92 4.37 4.06 3.06 3.04

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Netflix Inc. debt to equity ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Netflix Inc. debt to capital ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Netflix Inc. debt to assets ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Netflix Inc. financial leverage ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Netflix Inc. interest coverage ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022.

Debt to Equity

Netflix Inc., debt to equity calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 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
Selected Financial Data (US$ in thousands)
Short-term debt —  699,823  699,473  699,128  698,788  499,878  499,517  499,161  498,809  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt 14,534,561  14,693,072  14,793,691  14,926,889  14,860,552  15,809,095  15,547,616  15,294,998  14,170,692  14,759,260  12,425,746  12,594,135  10,305,023  10,360,058  8,336,586  8,342,067  6,542,373  6,499,432  4,888,783  4,836,502  3,365,431 
Total debt 14,534,561  15,392,895  15,493,164  15,626,017  15,559,340  16,308,973  16,047,133  15,794,159  14,669,501  14,759,260  12,425,746  12,594,135  10,305,023  10,360,058  8,336,586  8,342,067  6,542,373  6,499,432  4,888,783  4,836,502  3,365,431 
 
Stockholders’ equity 17,544,039  15,849,248  15,314,617  13,863,871  12,884,080  11,065,240  10,333,323  9,334,753  8,409,294  7,582,157  6,861,505  6,105,548  5,703,058  5,238,765  5,009,653  4,496,600  4,020,730  3,581,956  3,327,361  3,112,500  2,973,683 
Solvency Ratio
Debt to equity1 0.83 0.97 1.01 1.13 1.21 1.47 1.55 1.69 1.74 1.95 1.81 2.06 1.81 1.98 1.66 1.86 1.63 1.81 1.47 1.55 1.13
Benchmarks
Debt to Equity, Competitors2
Alphabet Inc. 0.06 0.06 0.06 0.06 0.06 0.06 0.07 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.03
Charter Communications Inc. 7.90 6.52 5.19 4.55 4.04 3.48 2.96 2.67 2.69 2.51 2.27 2.08 2.07 2.01 1.95 1.93 1.83 1.80 2.05 1.73 1.58
Comcast Corp. 1.00 0.99 1.01 1.04 1.12 1.15 1.21 1.25 1.27 1.24 1.29 1.40 1.46 1.56 1.02 0.91 0.96 0.94 1.17 1.16 1.12
Meta Platforms Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Twitter Inc. 0.89 0.58 0.59 0.67 0.67 0.44 0.44 0.45 0.39 0.29 0.22 0.33 0.39 0.40 0.42 0.48 0.35 0.36 0.37 0.37 0.37
Walt Disney Co. 0.60 0.61 0.64 0.66 0.69 0.70 0.75 0.61 0.54 0.53 0.64 0.63 0.41 0.43 0.51 0.55 0.60 0.61 0.52 0.49 0.47

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 14,534,561 ÷ 17,544,039 = 0.83

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Netflix Inc. debt to equity ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Debt to Capital

Netflix Inc., debt to capital calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 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
Selected Financial Data (US$ in thousands)
Short-term debt —  699,823  699,473  699,128  698,788  499,878  499,517  499,161  498,809  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt 14,534,561  14,693,072  14,793,691  14,926,889  14,860,552  15,809,095  15,547,616  15,294,998  14,170,692  14,759,260  12,425,746  12,594,135  10,305,023  10,360,058  8,336,586  8,342,067  6,542,373  6,499,432  4,888,783  4,836,502  3,365,431 
Total debt 14,534,561  15,392,895  15,493,164  15,626,017  15,559,340  16,308,973  16,047,133  15,794,159  14,669,501  14,759,260  12,425,746  12,594,135  10,305,023  10,360,058  8,336,586  8,342,067  6,542,373  6,499,432  4,888,783  4,836,502  3,365,431 
Stockholders’ equity 17,544,039  15,849,248  15,314,617  13,863,871  12,884,080  11,065,240  10,333,323  9,334,753  8,409,294  7,582,157  6,861,505  6,105,548  5,703,058  5,238,765  5,009,653  4,496,600  4,020,730  3,581,956  3,327,361  3,112,500  2,973,683 
Total capital 32,078,600  31,242,143  30,807,781  29,489,888  28,443,420  27,374,213  26,380,456  25,128,912  23,078,795  22,341,417  19,287,251  18,699,683  16,008,081  15,598,823  13,346,239  12,838,667  10,563,103  10,081,388  8,216,144  7,949,002  6,339,114 
Solvency Ratio
Debt to capital1 0.45 0.49 0.50 0.53 0.55 0.60 0.61 0.63 0.64 0.66 0.64 0.67 0.64 0.66 0.62 0.65 0.62 0.64 0.60 0.61 0.53
Benchmarks
Debt to Capital, Competitors2
Alphabet Inc. 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.02 0.03 0.03
Charter Communications Inc. 0.89 0.87 0.84 0.82 0.80 0.78 0.75 0.73 0.73 0.72 0.69 0.68 0.67 0.67 0.66 0.66 0.65 0.64 0.67 0.63 0.61
Comcast Corp. 0.50 0.50 0.50 0.51 0.53 0.53 0.55 0.56 0.56 0.55 0.56 0.58 0.59 0.61 0.50 0.48 0.49 0.48 0.54 0.54 0.53
Meta Platforms Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Twitter Inc. 0.47 0.37 0.37 0.40 0.40 0.30 0.31 0.31 0.28 0.23 0.18 0.25 0.28 0.29 0.30 0.33 0.26 0.26 0.27 0.27 0.27
Walt Disney Co. 0.38 0.38 0.39 0.40 0.41 0.41 0.43 0.38 0.35 0.35 0.39 0.39 0.29 0.30 0.34 0.35 0.38 0.38 0.34 0.33 0.32

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 14,534,561 ÷ 32,078,600 = 0.45

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Netflix Inc. debt to capital ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Debt to Assets

Netflix Inc., debt to assets calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 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
Selected Financial Data (US$ in thousands)
Short-term debt —  699,823  699,473  699,128  698,788  499,878  499,517  499,161  498,809  —  —  —  —  —  —  —  —  —  —  —  — 
Long-term debt 14,534,561  14,693,072  14,793,691  14,926,889  14,860,552  15,809,095  15,547,616  15,294,998  14,170,692  14,759,260  12,425,746  12,594,135  10,305,023  10,360,058  8,336,586  8,342,067  6,542,373  6,499,432  4,888,783  4,836,502  3,365,431 
Total debt 14,534,561  15,392,895  15,493,164  15,626,017  15,559,340  16,308,973  16,047,133  15,794,159  14,669,501  14,759,260  12,425,746  12,594,135  10,305,023  10,360,058  8,336,586  8,342,067  6,542,373  6,499,432  4,888,783  4,836,502  3,365,431 
 
Total assets 45,330,904  44,584,663  42,739,857  40,970,969  40,123,014  39,280,359  38,622,543  37,175,281  35,059,910  33,975,712  30,941,711  30,171,339  27,218,632  25,974,400  23,366,229  22,663,537  20,152,797  19,012,742  16,951,540  16,517,223  14,359,096 
Solvency Ratio
Debt to assets1 0.32 0.35 0.36 0.38 0.39 0.42 0.42 0.42 0.42 0.43 0.40 0.42 0.38 0.40 0.36 0.37 0.32 0.34 0.29 0.29 0.23
Benchmarks
Debt to Assets, Competitors2
Alphabet Inc. 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.02
Charter Communications Inc. 0.66 0.64 0.62 0.61 0.59 0.57 0.55 0.54 0.54 0.53 0.52 0.50 0.50 0.50 0.50 0.49 0.49 0.48 0.46 0.43 0.42
Comcast Corp. 0.35 0.34 0.35 0.36 0.37 0.38 0.39 0.39 0.39 0.39 0.39 0.42 0.43 0.44 0.36 0.34 0.35 0.35 0.35 0.35 0.34
Meta Platforms Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Twitter Inc. 0.39 0.30 0.29 0.34 0.35 0.26 0.26 0.27 0.25 0.20 0.16 0.22 0.25 0.27 0.28 0.30 0.24 0.24 0.25 0.25 0.25
Walt Disney Co. 0.27 0.27 0.28 0.28 0.29 0.29 0.31 0.27 0.24 0.24 0.28 0.27 0.21 0.21 0.24 0.25 0.27 0.26 0.24 0.24 0.22

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 14,534,561 ÷ 45,330,904 = 0.32

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Netflix Inc. debt to assets ratio improved from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022.

Financial Leverage

Netflix Inc., financial leverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 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
Selected Financial Data (US$ in thousands)
Total assets 45,330,904  44,584,663  42,739,857  40,970,969  40,123,014  39,280,359  38,622,543  37,175,281  35,059,910  33,975,712  30,941,711  30,171,339  27,218,632  25,974,400  23,366,229  22,663,537  20,152,797  19,012,742  16,951,540  16,517,223  14,359,096 
Stockholders’ equity 17,544,039  15,849,248  15,314,617  13,863,871  12,884,080  11,065,240  10,333,323  9,334,753  8,409,294  7,582,157  6,861,505  6,105,548  5,703,058  5,238,765  5,009,653  4,496,600  4,020,730  3,581,956  3,327,361  3,112,500  2,973,683 
Solvency Ratio
Financial leverage1 2.58 2.81 2.79 2.96 3.11 3.55 3.74 3.98 4.17 4.48 4.51 4.94 4.77 4.96 4.66 5.04 5.01 5.31 5.09 5.31 4.83
Benchmarks
Financial Leverage, Competitors2
Alphabet Inc. 1.41 1.43 1.42 1.41 1.42 1.44 1.41 1.34 1.34 1.37 1.35 1.34 1.34 1.31 1.30 1.31 1.29 1.29 1.21 1.20 1.19
Charter Communications Inc. 11.94 10.14 8.37 7.45 6.83 6.06 5.36 4.94 4.95 4.71 4.41 4.14 4.12 4.03 3.94 3.91 3.77 3.75 4.46 4.01 3.76
Comcast Corp. 2.89 2.87 2.89 2.92 3.01 3.03 3.12 3.18 3.22 3.18 3.28 3.34 3.42 3.51 2.81 2.71 2.75 2.72 3.34 3.33 3.31
Meta Platforms Inc. 1.33 1.33 1.27 1.23 1.22 1.24 1.24 1.26 1.31 1.32 1.32 1.32 1.27 1.16 1.15 1.14 1.15 1.14 1.11 1.11 1.10
Twitter Inc. 2.29 1.92 2.03 1.99 1.94 1.68 1.68 1.64 1.54 1.46 1.38 1.50 1.57 1.49 1.51 1.59 1.45 1.47 1.47 1.47 1.47
Walt Disney Co. 2.26 2.30 2.33 2.34 2.40 2.41 2.42 2.28 2.24 2.18 2.32 2.38 1.99 2.02 2.14 2.17 2.26 2.32 2.18 2.10 2.12

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 45,330,904 ÷ 17,544,039 = 2.58

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Netflix Inc. financial leverage ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.

Interest Coverage

Netflix Inc., interest coverage calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 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
Selected Financial Data (US$ in thousands)
Net income 1,597,447  607,429  1,449,071  1,353,013  1,706,715  542,156  789,976  720,196  709,067  586,970  665,244  270,650  344,052  133,934  402,835  384,349  290,124  185,517  129,590  65,600  178,222 
Add: Income tax expense 382,245  (56,576) 211,888  240,776  327,787  (35,739) 71,484  315,406  86,803  (437,637) 347,079  230,266  55,607  (14,538) (24,025) 44,287  9,492  (54,187) (13,353) (51,638) 45,570 
Add: Interest expense 187,579  189,429  190,429  191,322  194,440  197,186  197,079  189,151  184,083  177,801  160,660  152,033  135,529  128,807  108,862  101,605  81,219  75,292  60,688  55,482  46,742 
Earnings before interest and tax (EBIT) 2,167,271  740,282  1,851,388  1,785,111  2,228,942  703,603  1,058,539  1,224,753  979,953  327,134  1,172,983  652,949  535,188  248,203  487,672  530,241  380,835  206,622  176,925  69,444  270,534 
Solvency Ratio
Interest coverage1 8.62 8.63 8.49 7.41 6.71 5.17 4.80 5.21 4.64 4.29 4.52 3.66 3.79 3.92 4.37 4.06 3.06 3.04
Benchmarks
Interest Coverage, Competitors2
Charter Communications Inc. 2.70 2.58 2.51 2.37 2.28 2.12 1.93 1.79 1.65 1.64 1.50 1.53 1.52 1.48 1.51 1.35 1.32 1.33
Comcast Corp. 5.57 5.46 5.67 4.94 4.54 4.07 3.94 4.26 4.29 4.72 4.49 4.73 5.08 5.30 5.84 6.01 5.96 5.97
Twitter Inc. 7.88 -7.03 -3.62 4.60 1.11 0.67 0.16 0.27 3.07 3.82 3.94 4.16 4.19 4.19 3.54 2.86 1.25 0.09

Based on: 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q1 2022 Calculation
Interest coverage = (EBITQ1 2022 + EBITQ4 2021 + EBITQ3 2021 + EBITQ2 2021) ÷ (Interest expenseQ1 2022 + Interest expenseQ4 2021 + Interest expenseQ3 2021 + Interest expenseQ2 2021)
= (2,167,271 + 740,282 + 1,851,388 + 1,785,111) ÷ (187,579 + 189,429 + 190,429 + 191,322) = 8.62

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Netflix Inc. interest coverage ratio improved from Q3 2021 to Q4 2021 but then slightly deteriorated from Q4 2021 to Q1 2022.