NetApp Inc (NTAP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,146,000 | 994,000 | 770,000 | 873,000 | 1,159,000 | 1,102,000 | 1,202,000 | 657,000 | 838,000 | 882,000 | 759,000 | 720,000 | 685,000 | 478,000 | 370,000 | 284,000 | 242,000 | 282,000 | 536,000 | 863,000 |
| Debt-to-capital ratio | 0.63 | 0.67 | 0.72 | 0.73 | 0.67 | 0.68 | 0.67 | 0.78 | 0.74 | 0.73 | 0.78 | 0.79 | 0.79 | 0.85 | 0.88 | 0.90 | 0.83 | 0.80 | 0.68 | 0.57 |
April 26, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,992,000K ÷ ($1,992,000K + $1,146,000K)
= 0.63
The debt-to-capital ratio of NetApp Inc has fluctuated over the past few years, ranging from 0.57 to 0.90. Generally, a higher debt-to-capital ratio indicates a greater reliance on debt financing compared to equity. Looking at the trend, we observe a steady increase in the ratio from 0.57 in July 2019 to 0.90 in July 2020, suggesting a higher proportion of debt in the company's capital structure during this period.
Subsequently, there was a slight decrease in the ratio by April 2021, followed by a more significant decline to 0.67 by October 2022. However, the ratio increased again to 0.85 by January 2023, indicating a fluctuating pattern in the company's debt-to-capital mix over time.
By April 2024, the debt-to-capital ratio stood at 0.63, indicating a lower proportion of debt in the company's capital structure compared to previous periods. This reduction could suggest a shift towards a more balanced mix of debt and equity financing or a proactive debt reduction strategy by NetApp Inc.
Overall, the fluctuations in the debt-to-capital ratio of NetApp Inc reflect changes in the company's capital structure and financing decisions over the analyzed period. It is important for stakeholders to closely monitor these ratios to assess the company's solvency, financial risk, and capital structure stability.
Peer comparison
Apr 26, 2024