NetApp Inc (NTAP)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 1.74 | 0.00 | 2.06 |
April 30, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,040,000K
= 0.00
The debt-to-equity ratio for NetApp Inc has shown fluctuations over the years. As of April 28, 2023, the ratio was 2.06, indicating that the company had higher levels of debt relative to equity. This suggests higher financial leverage and potential higher financial risk. However, by April 30, 2023, the ratio dropped to 0.00, signaling either a significant decrease in debt or a substantial increase in equity.
Subsequently, in April 26, 2024, the debt-to-equity ratio increased to 1.74, which indicates higher debt levels compared to equity, although the ratio had improved compared to the previous year. However, by April 30, 2024, the ratio fell back to 0.00, possibly due to a decrease in debt levels or an increase in equity, showcasing a stronger financial position.
As of April 30, 2025, the debt-to-equity ratio remained at 0.00, indicating that NetApp Inc had no debt in relation to its equity. This signifies a conservative capital structure and lower financial risk. Overall, the trend in the debt-to-equity ratio reflects fluctuations in the company's capital structure and financial leverage over the years.
Peer comparison
Apr 30, 2025