NetApp Inc (NTAP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,851,000 | 3,908,000 | 3,939,000 | 4,321,000 | 4,828,000 | 4,897,000 | 4,327,000 | 4,327,000 | 3,993,000 | 3,993,000 | 4,160,000 | 4,160,000 | 4,680,000 | 4,680,000 | 4,540,000 | 4,540,000 | 4,603,000 | 4,603,000 | 4,922,000 | 4,922,000 |
| 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 |
| Current ratio | 1.26 | 0.93 | 0.91 | 0.96 | 1.18 | 1.19 | 1.15 | 1.15 | 1.07 | 1.07 | 1.28 | 1.28 | 1.35 | 1.35 | 1.34 | 1.34 | 1.36 | 1.36 | 1.38 | 1.38 |
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 exhibited some fluctuations over the period from July 29, 2022, to April 30, 2025. The current ratio, a measure of a company's ability to cover its short-term obligations with its current assets, started at 1.38 in July 2022 and remained relatively stable at the same level until January 2023. However, from July 2023 onwards, there was a noticeable decline in the current ratio, dropping to 1.28 in July 2023 and further decreasing to 1.07 by October 2023.
This decrease in the current ratio could indicate potential challenges in NetApp Inc's liquidity position and its ability to meet short-term obligations. However, there was a slight recovery in the current ratio in the subsequent periods, reaching 1.19 in April 2024. Nevertheless, the ratio experienced a significant drop to 0.91 in October 2024, indicating a potential strain on the company's ability to cover short-term obligations with current assets.
By January 2025, the current ratio slightly improved to 0.93 and further increased to 1.26 by April 2025. This increase in the current ratio could suggest a better ability for NetApp Inc to meet its short-term obligations with its current assets compared to the previous periods. Overall, it is important for the company to monitor its current ratio closely to ensure optimal liquidity and short-term financial health.
Peer comparison
Apr 30, 2025