NetApp Inc (NTAP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 995,000 | 892,000 | 929,000 | 1,146,000 | 1,146,000 | 994,000 | 994,000 | 770,000 | 770,000 | 873,000 | 873,000 | 1,159,000 | 1,159,000 | 1,102,000 | 1,102,000 | 1,202,000 | 1,202,000 | 657,000 | 657,000 | 838,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.63 | 0.00 | 0.67 | 0.00 | 0.72 | 0.00 | 0.73 | 0.00 | 0.67 | 0.00 | 0.68 | 0.00 | 0.67 | 0.00 | 0.78 | 0.00 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $995,000K)
= 0.00
The debt-to-capital ratio of NetApp Inc has shown fluctuations over the periods under analysis. As of April 30, 2022, the company had a debt-to-capital ratio of 0.00, indicating that there was no debt in the capital structure at that time.
However, the ratio increased to 0.78 as of July 29, 2022, signifying that debt represented 78% of the company's capital during that period. Subsequently, the ratio decreased to 0.67 by October 28, 2022, and remained relatively constant around this level in the following quarters.
NetApp Inc then experienced a slight uptick in its debt-to-capital ratio to 0.73 as of July 28, 2023, before slightly decreasing to 0.72 by October 27, 2023. The ratio remained relatively stable over the next few reporting periods, hovering around the range of 0.63 to 0.73.
As of January 31, 2025, the debt-to-capital ratio had returned to 0.00, implying a debt-free capital structure for NetApp Inc. Overall, the company's debt-to-capital ratio has fluctuated but seems to have trended towards lower levels in recent periods, potentially indicating more conservative financial leverage strategies.
Peer comparison
Jan 31, 2025