NetApp Inc (NTAP)
Cash ratio
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 4,112,000 |
| Short-term investments | US$ in thousands | 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 | 28,000 |
| Total current liabilities | US$ in thousands | 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 | 3,953,000 |
| Cash ratio | 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 | 1.05 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,511,000K
+ $750,000K)
÷ $4,195,000K
= 0.54
The cash ratio of NetApp Inc has fluctuated over the given period, ranging from a low of 0.51 to a high of 1.21. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
A higher cash ratio indicates a strong ability to meet short-term obligations using cash on hand. In this case, NetApp Inc's cash ratio ranged from 0.51 to 1.21 during the period, suggesting fluctuations in the company's liquidity position.
A cash ratio of 1.0 or higher is generally considered healthy, as it means the company can cover its short-term liabilities entirely with cash and cash equivalents. Over the period analyzed, NetApp Inc's cash ratio mostly ranged around this threshold, indicating a generally stable ability to meet its short-term obligations with available cash.
It is essential for investors and analysts to monitor changes in the cash ratio over time to assess the company's liquidity position and ability to weather unforeseen financial challenges.
Peer comparison
Jan 31, 2025