NetApp Inc (NTAP)
Current ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,851,000 | 4,897,000 | 4,897,000 | 4,680,000 | 4,680,000 |
| Total current liabilities | US$ in thousands | 4,662,000 | 4,106,000 | 4,106,000 | 3,467,000 | 3,467,000 |
| Current ratio | 1.26 | 1.19 | 1.19 | 1.35 | 1.35 |
April 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,851,000K ÷ $4,662,000K
= 1.26
NetApp Inc's current ratio has displayed relatively stable levels over the past few years, with values ranging from 1.19 to 1.35. A current ratio of 1.35 indicates that the company has $1.35 in current assets for every $1 in current liabilities, suggesting a healthy liquidity position. However, there has been a slight decline in the current ratio to 1.19 by April 2024, which could indicate a potential decrease in the company's ability to cover its short-term obligations. Nonetheless, the current ratio improved to 1.26 by April 2025, showing some recovery in the company's liquidity position. Overall, NetApp Inc's current ratio suggests a generally sound ability to meet its short-term financial obligations, albeit with some minor fluctuations in recent years.
Peer comparison
Apr 30, 2025