U.S. Streaming Video Providers Debt-to-Cash Flow Leverage

With the caveat that debt loads have been acquired for diverse reasons, firms operating in the streaming video subscription business have debt-to-cash flow leverage around the 3.3 times to 6.7 times  range (AT&T the former, Netflix the latter). 

At least some of that debt relates to investments in content. 

source: Moody's