NetApp Inc (NTAP)
Debt-to-assets ratio
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2,386,000 | 2,385,000 | 2,634,000 | 2,633,000 | 2,632,000 | 2,632,000 | 2,631,000 | 2,630,000 | 1,146,000 | 1,146,000 | 1,145,000 | 1,145,000 |
| Total assets | US$ in thousands | 9,887,000 | 9,369,000 | 9,073,000 | 9,270,000 | 9,818,000 | 9,710,000 | 9,780,000 | 9,544,000 | 10,026,000 | 9,500,000 | 9,222,000 | 9,156,000 | 9,360,000 | 8,686,000 | 8,420,000 | 8,416,000 | 7,522,000 | 7,483,000 | 7,472,000 | 7,811,000 |
| Debt-to-assets ratio | 0.20 | 0.21 | 0.22 | 0.26 | 0.24 | 0.25 | 0.24 | 0.25 | 0.24 | 0.25 | 0.29 | 0.29 | 0.28 | 0.30 | 0.31 | 0.31 | 0.15 | 0.15 | 0.15 | 0.15 |
April 26, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,992,000K ÷ $9,887,000K
= 0.20
The debt-to-assets ratio of NetApp Inc has shown some fluctuations over the past few quarters. The ratio has been relatively stable around the range of 0.20 to 0.30. The ratio dipped to 0.15 in some quarters but generally trended towards the higher end of the range. This indicates that NetApp Inc relies more on debt financing compared to its total assets to fund its operations and growth.
Overall, the trend suggests that NetApp Inc has maintained a moderate level of debt relative to its total assets over the analyzed period. Investors and creditors may monitor this ratio to assess the company's financial stability and risk management practices.
Peer comparison
Apr 26, 2024