NetApp Inc (NTAP)
Debt-to-assets ratio
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 1,992,000 | — | 2,389,000 | — |
| Total assets | US$ in thousands | 9,887,000 | 9,887,000 | 9,818,000 | 9,818,000 | 10,026,000 |
| Debt-to-assets ratio | 0.00 | 0.20 | 0.00 | 0.24 | 0.00 |
April 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $9,887,000K
= 0.00
The debt-to-assets ratio for NetApp Inc has shown fluctuations over the past few years. As of April 30, 2022, the ratio was 0.00, indicating that the company had no debt relative to its total assets. However, by April 28, 2023, the ratio had increased to 0.24, suggesting that a portion of the company's assets was financed through debt. Subsequently, the ratio returned to 0.00 by April 30, 2023, indicating a reduction in debt relative to assets.
As of April 26, 2024, the debt-to-assets ratio rose to 0.20, implying that the company's reliance on debt to finance its assets had increased. However, the ratio decreased back to 0.00 by April 30, 2024, signaling a reduction in debt compared to total assets. Overall, the trend in the debt-to-assets ratio for NetApp Inc shows variability, with periods of both debt financing and debt reduction in relation to the company's assets.
Peer comparison
Apr 30, 2024