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 operational self-sufficiency of Netflix Inc to measure how many days the company can operate on defensive assets alone.
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. For the complete balance sheet picture, see NFLX current and non-current assets.
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. Check NFLX cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |