The longer-term issue facing Netflix has been management's decision to use debt ($12.6 billion at June 30th, after issuance of $9.2 billion in debt in the past two-and-a-half years) to finance the company's massive content liability ($8.4 billion at June 30th.)
Netflix Shares Are Showing The Impact Of The Streaming Wars But Much More Downside Lies Ahead
Forbes - 20 Sep 2019 20:02
The longer-term issue facing Netflix has been management's decision to use debt ($12.6 billion at June 30th, after issuance of $9.2 billion in debt in the past two-and-a-half years) to finance the company's massive content liability ($8.4 billion at June 30th.)
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