NetApp Inc (NTAP)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | 1,007,000 | — | 787,000 | — | 787,000 | — | 653,000 | — | 987,000 | — | 821,000 | — | 910,000 | — | 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 |
| Quick ratio | 0.54 | 0.51 | 0.67 | 0.79 | 1.04 | 0.77 | 0.98 | 0.89 | 0.91 | 1.21 | 1.12 | 0.89 | 1.17 | 0.93 | 1.17 | 0.89 | 1.16 | 1.00 | 1.20 | 1.05 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,511,000K
+ $750,000K
+ $—K)
÷ $4,195,000K
= 0.54
NetApp Inc's quick ratio, a measure of its short-term liquidity and ability to meet its current liabilities with its most liquid assets, has fluctuated over the periods provided. The quick ratio ranged from a low of 0.51 on October 31, 2024, to a high of 1.21 on July 31, 2023.
The quick ratio was below 1, indicating potential short-term liquidity concerns, on several occasions such as October 31, 2022, January 31, 2023, April 30, 2023, January 31, 2024, April 30, 2024, and July 31, 2024. A ratio below 1 suggests that the company may have difficulty meeting its short-term obligations using only its most liquid assets.
Conversely, the quick ratio was above 1 for most periods, implying that NetApp Inc generally maintained a sufficient level of liquid assets to cover its current liabilities. The highest quick ratio of 1.21 on July 31, 2023, indicates a strong ability to meet short-term obligations without the need to sell inventory or other less liquid assets.
Overall, the trend of NetApp Inc's quick ratio indicates fluctuations in its short-term liquidity position, with periods of both strength and potential weakness. It would be important for stakeholders to monitor these ratios closely to ensure the company's ability to meet its short-term financial obligations.
Peer comparison
Jan 31, 2025