NetApp Inc (NTAP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,146,000 | 1,146,000 | 1,159,000 | 1,159,000 | 838,000 |
| Debt-to-capital ratio | 0.00 | 0.63 | 0.00 | 0.67 | 0.00 |
April 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,146,000K)
= 0.00
Based on the provided data, NetApp Inc's debt-to-capital ratio has shown fluctuation over the past few years. As of April 30, 2022, the company had a debt-to-capital ratio of 0.00, indicating no debt in relation to its capital structure. However, by April 28, 2023, this ratio had increased significantly to 0.67, suggesting a higher level of debt relative to capital.
Subsequently, by April 30, 2023, the debt-to-capital ratio returned to 0.00, implying a temporary reduction in debt levels. However, as of April 26, 2024, the ratio rose again to 0.63, indicating an increase in debt compared to the prior year.
Overall, these fluctuations in NetApp Inc's debt-to-capital ratio suggest varying levels of leverage in the company's capital structure during the period under consideration. It is important for stakeholders to monitor this ratio closely as changes in debt levels can impact the company's financial stability and risk profile.
Peer comparison
Apr 30, 2024