NetApp Inc (NTAP)
Cash ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,742,000 | 1,903,000 | 1,903,000 | 2,316,000 | 2,316,000 |
| Short-term investments | US$ in thousands | 1,104,000 | 1,355,000 | 1,349,000 | 754,000 | 754,000 |
| Total current liabilities | US$ in thousands | 4,662,000 | 4,106,000 | 4,106,000 | 3,467,000 | 3,467,000 |
| Cash ratio | 0.82 | 0.79 | 0.79 | 0.89 | 0.89 |
April 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,742,000K
+ $1,104,000K)
÷ $4,662,000K
= 0.82
The cash ratio of NetApp Inc has shown consistency over the years, with values ranging between 0.79 and 0.89. This indicates that the company has a relatively strong ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio suggests better liquidity and financial health, as it signifies a greater capacity to meet immediate obligations without relying on external sources of funding. However, it is essential to consider other liquidity ratios and factors to obtain a more comprehensive understanding of NetApp Inc's overall financial position and liquidity management.
Peer comparison
Apr 30, 2025