Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Netflix's interest expense for the
three
months ended in Dec. 2023 was $ -224 Mil.
Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-820 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Netflix's Operating Income for the
three
months ended in Dec. 2023 was $ 1,496 Mil. Netflix's Interest Expense for the
three
months ended in Dec. 2023 was $ -224 Mil.
Netflix's Interest Coverage for the quarter that ended in Dec. 2023 was 6.68.
The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Netflix Interest Expense Calculation
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-820 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Netflix (NAS:NFLX) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Netflix's Interest Expense for the
three
months ended in Dec. 2023 was $-224 Mil. Its
Operating Income
for the
three
months ended in Dec. 2023 was $1,496 Mil. And its Long-Term Debt & Capital Lease Obligation for the
three
months ended in Dec. 2023 was $14,143 Mil.
Netflix's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Netflix (NFLX) Business Description
Traded in Other Exchanges
Address
121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
Executives
| Reed Hastings |
director, 10 percent owner, officer: CEO, other: CEO |
121 ALBRIGHT WAY, LOS GATOS CA 95032 |
| Ann Mather |
director |
|
| Gregory K Peters |
officer: Intl. Development Officer |
C/O NETFLIX, INC., 121 ALBRIGHT WAY, LOS GATOS CA 95032 |
| Richard N Barton |
director |
C/O IAC, 152 WEST 57TH STREET, NEW YORK NY 10019 |
| David A Hyman |
officer: General Counsel |
C/O NETFLIX, INC., 121 ALBRIGHT WAY, LOS GATOS CA 95032 |
| Theodore A Sarandos |
officer: Chief Content Officer |
C/O NETFLIX, INC, 121 ALBRIGHT WAY, LOS GATOS CA 95032 |
| Jay C Hoag |
director |
250 MIDDLEFIELD ROAD, MENLO PARK CA 94025 |
| Timothy M Haley |
director |
3000 SAND HILL ROAD, 2-290, MENLO PARK CA 94025 |
| Jeffrey William Karbowski |
officer: Chief Accounting Officer |
121 ALBRIGHT WAY, LOS GATOS CA 95032 |
| Kenneth A Barker |
officer: Chief Accounting Officer |
C/O ELECTRONIC ARTS INC., 209 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065 |
| Dicus Marian Lee |
officer: Chief Marketing Officer |
526 WEST 111TH STREET, APARTMENT 3C, NEW YORK NY 10025 |
| Meabe Sergio Ezama |
officer: Chief Talent Officer |
59 HILLSIDE ROAD, GREENWICH CT 06830 |
| Jessica Neal |
officer: Chief Talent Officer |
100 WINCHESTER CIRCLE, LOS GATOS CA 95032 |
| Strive Masiyiwa |
director |
265 FRANKLIN STREET, BOSTON MA 02110 |
| John Bozoma Saint |
officer: Chief Marketing Officer |
9255 SUNSET BLVD 2ND FLOOR, LOS ANGELES CA 90069 |
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