NetApp Inc (NTAP)
Debt-to-capital ratio
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1,040,000 | 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 |
| Debt-to-capital ratio | 0.00 | 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 |
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 based on the provided data. The ratio is calculated by dividing the total debt by the sum of total debt and total shareholders' equity.
In July 2022, the ratio was 0.78, indicating that a significant portion of NetApp's capital structure was funded by debt. However, this ratio dropped to 0.00 in the following month, showing a sudden decrease in the level of debt relative to total capital.
Subsequently, the ratio fluctuated between 0.67 and 0.73 over the next few quarters, indicating a moderate level of debt compared to capital. Notably, in several periods, the ratio dropped to 0.00, suggesting that there were instances where NetApp had no debt on its balance sheet and was primarily funded by equity.
As of the most recent data available in April 2025, the debt-to-capital ratio remained at 0.00, indicating that NetApp had no debt relative to its capital at that point in time.
Overall, the fluctuating trend in the debt-to-capital ratio of NetApp Inc suggests potential changes in the company's capital structure over the analyzed period.
Peer comparison
Apr 30, 2025