NetApp Inc (NTAP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,040,000 | 1,146,000 | 1,146,000 | 1,159,000 | 1,159,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.63 | 0.00 | 0.67 |
April 30, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,040,000K)
= 0.00
The debt-to-capital ratio of NetApp Inc has shown fluctuations over the past few years. As of April 28, 2023, the ratio was 0.67, indicating that 67% of the company's capital structure was financed by debt. However, by April 30, 2023, the ratio had decreased significantly to 0.00, suggesting either a reduction in debt levels or an increase in equity.
Subsequently, the ratio increased to 0.63 by April 26, 2024, before dropping back to 0.00 by April 30, 2024, and remaining at that level as of April 30, 2025. These fluctuations may reflect changes in NetApp's capital structure and its strategic decisions regarding debt financing. It is essential for stakeholders to monitor this ratio to assess the company's leverage and overall financial risk.
Peer comparison
Apr 30, 2025