NetApp Inc (NTAP)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | 1,992,000 | — | 1,991,000 | — | 1,991,000 | — | 2,390,000 | — | 2,389,000 | — | 2,388,000 | — | 2,387,000 | — | 2,387,000 |
| Total assets | US$ in thousands | 10,823,000 | 8,989,000 | 9,004,000 | 9,311,000 | 9,887,000 | 9,887,000 | 9,369,000 | 9,369,000 | 9,073,000 | 9,073,000 | 9,270,000 | 9,270,000 | 9,818,000 | 9,818,000 | 9,710,000 | 9,710,000 | 9,780,000 | 9,780,000 | 9,544,000 | 9,544,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.00 | 0.21 | 0.00 | 0.22 | 0.00 | 0.26 | 0.00 | 0.24 | 0.00 | 0.25 | 0.00 | 0.24 | 0.00 | 0.25 |
April 30, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,823,000K
= 0.00
The debt-to-assets ratio for NetApp Inc has shown fluctuation over the period from July 2022 to April 2025. The ratio was consistently low at 0.00 from July 2022 to January 2024, indicating that the company had minimal debt relative to its total assets during that time. However, there was a slight increase in the ratio in April 2024 to 0.20, which suggests a slightly higher level of debt being utilized compared to the previous periods.
Subsequently, the ratio decreased to 0.00 in July 2024 and remained at this level through April 2025. This return to a 0.00 ratio indicates that there was either a significant reduction in debt or an increase in total assets without a corresponding increase in debt during this period.
Overall, the trend in NetApp Inc's debt-to-assets ratio shows a conservative approach to debt management, with the company maintaining a low level of debt relative to its total assets throughout most of the analyzed period.
Peer comparison
Apr 30, 2025