Netflix Inc (NFLX) — Working Capital to Net Assets Ratio
Netflix Inc (NFLX) has a Working Capital to Net Assets ratio of 7.7% as of December 2025. Working capital of $2.04 Billion (current assets of $13.02 Billion minus current liabilities of $10.98 Billion) is measured against net assets of $26.62 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NFLX equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Netflix Inc Working Capital to Net Assets (2000–2025)
This chart shows how Netflix Inc's Working Capital to Net Assets ratio has evolved across 26 annual periods from 2000 to 2025. As of December 2025, the ratio stands at 7.7%, reflecting working capital of $2.04 Billion against net assets of $26.62 Billion USD. Check tangible equity quality of Netflix Inc to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Netflix Inc (2000–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Netflix Inc from 2000 to 2025, covering 26 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Netflix Inc stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 7.7% | $2.04 Billion | $26.62 Billion | $13.02 Billion | $10.98 Billion | ▼ -1.8 pp |
| 2024 | 9.5% | $2.34 Billion | $24.74 Billion | $13.10 Billion | $10.76 Billion | ▲ +4.3 pp |
| 2023 | 5.1% | $1.06 Billion | $20.59 Billion | $9.92 Billion | $8.86 Billion | ▼ -1.3 pp |
| 2022 | 6.4% | $1.34 Billion | $20.78 Billion | $9.27 Billion | $7.93 Billion | ▲ +9.1 pp |
| 2021 | -2.6% | $-419.14 Million | $15.85 Billion | $8.07 Billion | $8.49 Billion | ▼ -20.3 pp |
| 2020 | 17.7% | $1.96 Billion | $11.07 Billion | $9.76 Billion | $7.81 Billion | ▲ +26.6 pp |
| 2019 | -8.9% | $-677.19 Million | $7.58 Billion | $6.18 Billion | $6.86 Billion | ▼ -70.1 pp |
| 2018 | 61.2% | $3.21 Billion | $5.24 Billion | $9.69 Billion | $6.49 Billion | ▼ -0.3 pp |
| 2017 | 61.5% | $2.20 Billion | $3.58 Billion | $7.67 Billion | $5.47 Billion | ▲ +19.2 pp |
| 2016 | 42.3% | $1.13 Billion | $2.68 Billion | $5.72 Billion | $4.59 Billion | ▼ -43.3 pp |
| 2015 | 85.6% | $1.90 Billion | $2.22 Billion | $5.43 Billion | $3.53 Billion | ▲ +16.8 pp |
| 2014 | 68.8% | $1.28 Billion | $1.86 Billion | $3.94 Billion | $2.66 Billion | ▲ +0.9 pp |
| 2013 | 67.8% | $904.56 Million | $1.33 Billion | $3.06 Billion | $2.15 Billion | ▼ -8.0 pp |
| 2012 | 75.9% | $564.87 Million | $744.67 Million | $2.24 Billion | $1.68 Billion | ▼ -18.4 pp |
| 2011 | 94.3% | $611.32 Million | $648.32 Million | $1.83 Billion | $1.22 Billion | ▲ +7.3 pp |
| 2010 | 87.0% | $252.39 Million | $290.16 Million | $640.97 Million | $388.58 Million | ▼ -5.7 pp |
| 2009 | 92.7% | $184.64 Million | $199.14 Million | $411.01 Million | $226.37 Million | ▲ +50.8 pp |
| 2008 | 41.9% | $145.43 Million | $347.15 Million | $361.45 Million | $216.02 Million | ▼ -5.4 pp |
| 2007 | 47.3% | $203.13 Million | $429.81 Million | $416.53 Million | $213.40 Million | ▼ -9.5 pp |
| 2006 | 56.7% | $234.97 Million | $414.21 Million | $428.42 Million | $193.45 Million | ▲ +9.8 pp |
| 2005 | 46.9% | $106.10 Million | $226.25 Million | $243.69 Million | $137.59 Million | ▼ -12.3 pp |
| 2004 | 59.1% | $92.44 Million | $156.28 Million | $187.35 Million | $94.91 Million | ▼ -8.2 pp |
| 2003 | 67.4% | $75.93 Million | $112.71 Million | $138.95 Million | $63.02 Million | ▼ -7.2 pp |
| 2002 | 74.6% | $66.65 Million | $89.36 Million | $107.08 Million | $40.43 Million | ▲ +67.2 pp |
| 2001 | 7.4% | $-6.66 Million | $-90.50 Million | $19.55 Million | $26.21 Million | ▲ +0.4 pp |
| 2000 | 6.9% | $-5.06 Million | $-73.27 Million | $14.89 Million | $19.96 Million | — |