Debt-to-Equity Ratio

Netflix’s debt-to-equity ratio of 0.54x means the company uses $0.54 of debt for every $1 of shareholders’ equity; it measures financial leverage and risk.

That ratio sits above the Communication Services sector median of 0.35x, placing Netflix in the 78th percentile among peers — indicating higher leverage than most. Trend data is not available: both the year-over-year and quarter-over-quarter changes are listed as N/A, so no directional movement can be assessed. The combination of a debt-to-equity level that is above the sector median with no trend information means the company carries more financial risk than the typical peer, but the absence of change data makes it impossible to judge whether that risk is increasing or decreasing. This metric supports the overall NEUTRAL verdict because the ratio is moderate (not alarming) yet elevated relative to peers, and the lack of trend data keeps the signal inconclusive.

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