Understand The Balance Sheet

Netflix doesn't have a lot of cash on hand in relation to operating expenses, but they are a top streaming service and have the most subscribers, so I guess they aren't concerned. Their business current ratio is under 2% and their book value dropped in 2023, but their other numbers look pretty good.

Some say they don't qualify as a blue chip stock because they are relatively new, focus on growth instead of paying dividends, and still feel market volatility at times.

• $2.94B current cash equivalents, but $7.54B operating expenses annually (operating expenses haven't been under $3B since 2016)

• $13.8B in long-term debt and potentially $6.9B in annual FCF

• Total assets ($53.63B) > total liabilities ($28.89B)

• Business Current Ratio: 1.86%

• ($24.74B) Book value: Growing ~20-45% every year except for a (0.9%) drop in 2023