NetApp Inc (NTAP)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 5,865,000 |
| 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 |
| Current ratio | 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 | 1.48 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,908,000K ÷ $4,195,000K
= 0.93
NetApp Inc's current ratio has experienced a gradual decline over the past few years, indicating potential liquidity challenges. As of January 31, 2025, the company's current ratio stood at 0.93, reflecting a decrease from the previous reporting periods. A current ratio below 1 suggests that NetApp may have difficulty meeting its short-term obligations with its current assets alone. This declining trend in the current ratio warrants attention and further analysis to assess the company's liquidity position and the effectiveness of its current asset management. It may be crucial for NetApp to closely monitor and address its liquidity situation to ensure financial stability and ability to meet its short-term financial commitments.
Peer comparison
Jan 31, 2025