NetApp Inc (NTAP)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 10,026,000 |
| Debt-to-assets ratio | 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 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,989,000K
= 0.00
NetApp Inc's debt-to-assets ratio provides insight into the extent to which the company is financed by debt relative to its total assets. The ratio decreased from 0.25 as at July 29, 2022, to 0.22 as at October 27, 2023, indicating a decline in the proportion of debt funding compared to total assets. Subsequently, the ratio further decreased to 0.20 as at April 26, 2024.
Overall, NetApp Inc appears to have a conservative debt-to-assets ratio, consistently showing a very low to zero level of indebtedness relative to its total assets in the analyzed periods. This suggests that the company may rely more on equity financing rather than taking on significant debt to support its operations and investments.
Peer comparison
Jan 31, 2025