NetApp Inc (NTAP)
Cash ratio
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,903,000 | 1,820,000 | 1,934,000 | 2,020,000 | 2,316,000 | 2,640,000 | 2,669,000 | 3,288,000 | 4,112,000 | 4,170,000 | 4,509,000 | 4,492,000 | 4,529,000 | 3,808,000 | 3,529,000 | 3,633,000 | 2,658,000 | 2,705,000 | 2,545,000 | 2,967,000 |
| Short-term investments | US$ in thousands | 1,349,000 | 1,097,000 | 686,000 | 955,000 | 754,000 | 501,000 | 364,000 | 151,000 | 22,000 | 31,000 | 39,000 | 55,000 | 67,000 | 86,000 | 117,000 | 140,000 | 224,000 | 303,000 | 442,000 | 565,000 |
| Total current liabilities | US$ in thousands | 4,106,000 | 3,765,000 | 3,733,000 | 3,249,000 | 3,467,000 | 3,393,000 | 3,395,000 | 3,575,000 | 3,953,000 | 3,552,000 | 3,195,000 | 3,103,000 | 3,452,000 | 3,050,000 | 2,920,000 | 2,976,000 | 3,616,000 | 3,529,000 | 3,204,000 | 3,175,000 |
| Cash ratio | 0.79 | 0.77 | 0.70 | 0.92 | 0.89 | 0.93 | 0.89 | 0.96 | 1.05 | 1.18 | 1.42 | 1.47 | 1.33 | 1.28 | 1.25 | 1.27 | 0.80 | 0.85 | 0.93 | 1.11 |
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 of NetApp Inc has shown fluctuation over the past 20 quarters. The ratio measures the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position and ability to meet short-term obligations without relying on external sources.
From the data provided, the cash ratio ranged from 0.70 to 1.47, with an average of approximately 1.05. The company's cash ratio remained above 1 for most quarters, indicating a healthy liquidity position. However, there were some quarters where the ratio fell below 1, suggesting a potential risk of liquidity strain during those periods.
Overall, NetApp Inc's cash ratio trended positively over the period, showing an improvement in liquidity position. Investors and stakeholders can consider the company's ability to cover short-term obligations from available cash when assessing its financial health and risk management capabilities.
Peer comparison
Apr 26, 2024