NetApp Inc (NTAP)
Debt-to-equity ratio
| Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 1,992,000 | — | 2,389,000 | — |
| Total stockholders’ equity | US$ in thousands | 1,146,000 | 1,146,000 | 1,159,000 | 1,159,000 | 838,000 |
| Debt-to-equity ratio | 0.00 | 1.74 | 0.00 | 2.06 | 0.00 |
April 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,146,000K
= 0.00
NetApp Inc's debt-to-equity ratio has fluctuated over the years based on the provided data. As of April 30, 2022, the company had no debt relative to its equity, indicating a conservative capital structure. This changed significantly by April 28, 2023, with a ratio of 2.06, suggesting that NetApp had taken on more debt compared to its equity during that period.
However, the ratio decreased to 0.00 by April 30, 2023, indicating that the company either paid off its debt or adjusted its capital structure to reduce the debt levels. Subsequently, by April 26, 2024, the debt-to-equity ratio increased to 1.74, signifying a moderate level of debt utilization relative to equity.
Overall, NetApp has shown variability in its debt-to-equity ratio over the years, indicating changes in its financial leverage and risk profile. It is essential for stakeholders to monitor these fluctuations to assess the company's financial health and sustainability in the long term.
Peer comparison
Apr 30, 2024