NetApp Inc (NTAP)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 3,846,000 | 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 |
| Short-term investments | US$ in thousands | 1,104,000 | 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 |
| Receivables | US$ in thousands | 1,246,000 | 898,000 | 873,000 | 679,000 | 1,007,000 | 1,007,000 | 787,000 | 787,000 | 787,000 | 787,000 | 653,000 | 653,000 | 987,000 | 987,000 | 821,000 | 821,000 | 910,000 | 910,000 | 865,000 | 865,000 |
| 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 |
| Quick ratio | 1.33 | 0.75 | 0.72 | 0.82 | 1.04 | 1.04 | 0.98 | 0.98 | 1.10 | 0.91 | 1.41 | 1.12 | 1.17 | 1.17 | 1.17 | 1.17 | 1.16 | 1.16 | 1.25 | 1.20 |
April 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,846,000K
+ $1,104,000K
+ $1,246,000K)
÷ $4,662,000K
= 1.33
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered satisfactory, as it indicates that the company has enough liquid assets to cover its current liabilities.
Analyzing NetApp Inc's quick ratio over the reported periods, we note some fluctuations in the ratio. As of the most recent data available, the quick ratio as of April 30, 2025, stood at 1.33, indicating a healthy position with more than enough liquid assets to cover its short-term liabilities. However, it is essential to consider the trend in the quick ratio over time to understand the company's liquidity position holistically.
Looking at historical data, NetApp Inc's quick ratio has shown some fluctuations, with some periods below 1, which may raise concerns about the company's ability to meet its short-term obligations solely with its liquid assets. These periods of quick ratios below 1 may suggest potential liquidity challenges or a need to manage working capital more effectively.
It is crucial for stakeholders to monitor NetApp Inc's quick ratio consistently to assess the company's liquidity position and ensure that it has the ability to meet its short-term obligations without facing financial distress. Variations in the quick ratio could indicate changes in the company's liquidity management strategies or shifts in its operating environment that may impact its financial health.
Peer comparison
Apr 30, 2025