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NetflixXSWX:NFLX -0.10%91 Cash-to-Debt is 0.64 as of Jun. 2026, which is 33% above its 10-year median of 0.48. GuruFocus rates XSWX:NFLX with a GF Score™ of 91/100 and a GF Value™ of CHF82.45 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 986 Media - Diversified companies, Netflix ranks worse than 61.16% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Netflix's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.64.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Netflixcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Netflix's Cash-to-Debt or its related term are showing as below:
XSWX:NFLX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: 0.48 Max: 0.86
Current: 0.64
During the past 13 years, Netflix's highest Cash to Debt Ratio was 0.86. The lowest was 0.33. And the median was 0.48.
XSWX:NFLX's Cash-to-Debt is ranked worse than 61.16% of 986
companies
in the Media - Diversified industry
Industry Median: 1.38
vs XSWX:NFLX: 0.64
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Netflix Cash-to-Debt Related Terms
Netflix Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Netflix's Cash-to-Debt can be seen below:
* 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
XSWX:NFLX vs DIS, WBD, LYV: Cash-to-Debt Comparison
For the Entertainment subindustry, Netflix's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Netflix Cash-to-Debt vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Netflix's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Netflix's Cash-to-Debt falls into.
* 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 (XSWX:NFLX) has a Cash-to-Debt of 0.64 as of Jun. 2026. This is 33% above median its historical median of 0.48. Over the past decade, Netflix's Cash-to-Debt has ranged from 0.33 to 0.86. According to the industry distribution chart, Netflix ranks #603 out of 986 companies in the Media - Diversified industry, placing it in the top 61.2%.
Is Netflix's Cash-to-Debt too high?
Netflix's current Cash-to-Debt of 0.64 is 33% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.86. The Media - Diversified industry median Cash-to-Debt is 1.38. Netflix's value of 0.64 is 53.6% below this industry median. Based on the distribution chart, Netflix ranks #603 out of 986 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Netflix has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netflix's Cash-to-Debt compare to DIS and WBD?
According to the Media - Diversified industry distribution chart, Netflix ranks #603 out of 986 companies for Cash-to-Debt. This places Netflix in the lower half of its industry. The industry median Cash-to-Debt is 1.38. Netflix's value of 0.64 is 53.6% below this benchmark. Historically, Netflix's own Cash-to-Debt has ranged from 0.33 to 0.86 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 1.38, Netflix has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Media - Diversified company?
The median Cash-to-Debt among Media - Diversified companies is 1.38, based on 986 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Netflix's current Cash-to-Debt of 0.64 is 53.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Media - Diversified industry, the median Cash-to-Debt is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netflix's current Cash-to-Debt is 0.64, which is 33% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netflix stock overvalued right now?
Based on GuruFocus' analysis, Netflix (XSWX:NFLX) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF82.45, compared to a current price of CHF66.64 — trading 19.2% below its estimated fair value. The current Cash-to-Debt is 0.64, which is 33% above median its 10-year median of 0.48 and 53.6% below the Media - Diversified industry median of 1.38. Netflix's overall GF Score™ is 91/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Netflix (XSWX:NFLX), the current Cash-to-Debt is 0.64 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Netflix (XSWX:NFLX) Overvalued in 2026?
Based on GuruFocus' analysis, Netflix stock appears to be undervalued.
The current stock price of CHF66.64 is trading 19.2% below its estimated GF Value™ of CHF82.45.
GuruFocus considers Netflix to be Modestly Undervalued.
Key valuation signals for XSWX:NFLX:
Cash-to-Debt: 0.64 (33% above median its 10-year median of 0.48)
GF Value™: CHF82.45 vs. price of CHF66.64 (19.2% below fair value)
Industry Position: 53.6% below the Media - Diversified median (#603 of 986)
No single metric tells the full story. See the XSWX:NFLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
91GF Score
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