NetApp Inc (NTAP)
Cash ratio
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 26, 2024 | Jan 31, 2024 | Jan 26, 2024 | Oct 31, 2023 | Oct 27, 2023 | Jul 31, 2023 | Jul 28, 2023 | Apr 30, 2023 | Apr 28, 2023 | Jan 31, 2023 | Jan 27, 2023 | Oct 31, 2022 | Oct 28, 2022 | Jul 31, 2022 | Jul 29, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,846,000 | 1,511,000 | 1,478,000 | 1,652,000 | 1,903,000 | 1,903,000 | 1,820,000 | 1,820,000 | 2,620,000 | 1,934,000 | 2,975,000 | 2,020,000 | 2,316,000 | 2,316,000 | 2,640,000 | 2,640,000 | 2,669,000 | 2,669,000 | 3,439,000 | 3,288,000 |
| Short-term investments | US$ in thousands | 1,104,000 | 750,000 | 744,000 | 1,365,000 | 1,355,000 | 1,349,000 | 1,097,000 | 1,097,000 | 686,000 | 686,000 | 955,000 | 955,000 | 754,000 | 754,000 | 501,000 | 501,000 | 364,000 | 364,000 | 151,000 | 151,000 |
| Total current liabilities | US$ in thousands | 4,662,000 | 4,195,000 | 4,317,000 | 4,512,000 | 4,106,000 | 4,106,000 | 3,765,000 | 3,765,000 | 3,733,000 | 3,733,000 | 3,249,000 | 3,249,000 | 3,467,000 | 3,467,000 | 3,393,000 | 3,393,000 | 3,395,000 | 3,395,000 | 3,575,000 | 3,575,000 |
| Cash ratio | 1.06 | 0.54 | 0.51 | 0.67 | 0.79 | 0.79 | 0.77 | 0.77 | 0.89 | 0.70 | 1.21 | 0.92 | 0.89 | 0.89 | 0.93 | 0.93 | 0.89 | 0.89 | 1.00 | 0.96 |
April 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,846,000K
+ $1,104,000K)
÷ $4,662,000K
= 1.06
The cash ratio is a liquidity ratio that indicates a company's ability to cover its short-term obligations with its available cash and cash equivalents. A higher cash ratio suggests a stronger ability to meet short-term liabilities.
Analyzing NetApp Inc's cash ratio over the recent quarters, we observe fluctuations in the ratio. In July 2022, the cash ratio was 0.96, indicating that the company had almost enough cash and equivalents to cover its short-term liabilities. The ratio improved slightly to 1.00 in the following quarter but decreased to 0.89 in both October 2022 and January 2023.
From April 2023 to July 2023, the cash ratio remained relatively stable within the range of 0.89 to 0.93. However, a significant increase was noted in July 2023, with the cash ratio jumping to 1.21, reflecting a strong cash position relative to short-term obligations.
Subsequently, the ratio declined to 0.70 in October 2023, suggesting a decrease in the company's ability to cover short-term liabilities with available cash. This downward trend continued in the following quarters, with the ratio dropping to 0.51 in October 2024 and further to 0.54 in January 2025.
The most recent data for April 2025 shows a notable improvement in the cash ratio to 1.06, signaling a stronger liquidity position compared to the previous quarters. Overall, NetApp Inc's cash ratio has displayed variability, indicating fluctuations in the company's liquidity position over the analyzed period.
Peer comparison
Apr 30, 2025