NetApp Inc (NTAP)
Quick ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,742,000 | 1,903,000 | 1,903,000 | 2,316,000 | 2,316,000 |
| Short-term investments | US$ in thousands | 1,104,000 | 1,355,000 | 1,349,000 | 754,000 | 754,000 |
| Receivables | US$ in thousands | 1,246,000 | 1,007,000 | 1,007,000 | 987,000 | 987,000 |
| Total current liabilities | US$ in thousands | 4,662,000 | 4,106,000 | 4,106,000 | 3,467,000 | 3,467,000 |
| Quick ratio | 1.09 | 1.04 | 1.04 | 1.17 | 1.17 |
April 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,742,000K
+ $1,104,000K
+ $1,246,000K)
÷ $4,662,000K
= 1.09
NetApp Inc's quick ratio provides insights into the company's ability to meet its short-term obligations with its most liquid assets. The quick ratio remained relatively stable over the years, ranging from 1.04 to 1.17. A quick ratio above 1 indicates that NetApp Inc has an adequate level of liquid assets to cover its current liabilities. In this case, the quick ratio consistently exceeded 1, which suggests that the company has the capability to meet its short-term financial obligations without relying heavily on selling its inventory. However, the slight decrease in the quick ratio from 1.17 to 1.04 from April 2023 to April 2024 may warrant further monitoring to ensure continued liquidity management effectiveness.
Peer comparison
Apr 30, 2025