Netflix Inc (NFLX)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,116,910 | 7,353,240 | 7,662,790 | 6,714,590 | 5,147,180 | 6,113,730 | 5,819,450 | 6,008,950 | 6,027,800 | 7,526,680 | 7,777,530 | 8,403,700 | 8,205,550 | 8,392,390 | 7,153,250 | 5,151,880 | 5,018,440 | 4,435,020 | 5,004,250 | 3,348,560 |
| Short-term investments | US$ in thousands | 20,973 | 514,201 | 914,201 | 1,112,910 | 911,276 | — | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 8,860,660 | 8,338,720 | 8,675,800 | 8,316,070 | 7,930,970 | 7,765,920 | 7,500,020 | 7,739,660 | 8,488,970 | 8,049,250 | 7,832,890 | 7,961,770 | 7,805,780 | 7,939,800 | 7,626,420 | 7,853,720 | 6,855,700 | 7,257,900 | 6,933,980 | 6,857,810 |
| Cash ratio | 0.81 | 0.94 | 0.99 | 0.94 | 0.76 | 0.79 | 0.78 | 0.78 | 0.71 | 0.94 | 0.99 | 1.06 | 1.05 | 1.06 | 0.94 | 0.66 | 0.73 | 0.61 | 0.72 | 0.49 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,116,910K
+ $20,973K)
÷ $8,860,660K
= 0.81
The cash ratio of Netflix Inc. has fluctuated over the past eight quarters, ranging from 0.97 to 1.19. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents. A higher cash ratio indicates a greater ability to cover short-term obligations.
In the most recent quarter, the cash ratio was 0.97, indicating that Netflix may have had a slightly lower ability to cover its short-term liabilities with its cash and cash equivalents compared to previous quarters. However, it's important to note that the cash ratio has generally remained above 1, demonstrating a consistent ability to meet short-term financial obligations.
Overall, while the cash ratio has fluctuated, Netflix Inc. has maintained a generally strong position in terms of its ability to cover short-term liabilities with its available cash and cash equivalents.