NetApp Inc (NTAP)
Cash ratio
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,903,000 | 2,316,000 | 4,112,000 | 4,529,000 | 2,658,000 |
| Short-term investments | US$ in thousands | 1,349,000 | 754,000 | 22,000 | 67,000 | 224,000 |
| Total current liabilities | US$ in thousands | 4,106,000 | 3,467,000 | 3,953,000 | 3,452,000 | 3,616,000 |
| Cash ratio | 0.79 | 0.89 | 1.05 | 1.33 | 0.80 |
April 26, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,903,000K
+ $1,349,000K)
÷ $4,106,000K
= 0.79
The cash ratio for NetApp Inc has fluctuated over the past five years. The trend shows a decrease from 1.33 in April 2021 to 0.79 in April 2024. This indicates that NetApp Inc may have relatively lower cash reserves available to cover its current liabilities in April 2024 compared to previous years. The company's ability to meet its short-term obligations solely through its cash and cash equivalents has declined. It is important for NetApp Inc to monitor its liquidity position closely to ensure it can continue to meet its financial obligations in a timely manner.
Peer comparison
Apr 26, 2024