NetApp Inc (NTAP)
Debt-to-assets ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 1,992,000 | — | 2,389,000 |
| Total assets | US$ in thousands | 10,823,000 | 9,887,000 | 9,887,000 | 9,818,000 | 9,818,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.20 | 0.00 | 0.24 |
April 30, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,823,000K
= 0.00
The debt-to-assets ratio of NetApp Inc provides insight into the company's financial leverage and risk management. A lower ratio indicates a lower dependency on debt financing for its assets.
On April 28, 2023, NetApp had a debt-to-assets ratio of 0.24, indicating that 24% of its assets were funded by debt. However, this ratio decreased significantly to 0.00 by April 30, 2023, suggesting a shift towards a debt-free capital structure.
In the following years, NetApp maintained a low debt-to-assets ratio, with values of 0.20 on April 26, 2024, and 0.00 on both April 30, 2024, and April 30, 2025. This demonstrates the company's conservative approach to financing its operations, potentially reducing financial risk and enhancing financial stability.
Peer comparison
Apr 30, 2025