NetApp Inc (NTAP)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00 1.74 0.00 2.00 0.00 2.59 0.00 2.74 0.00 2.06 0.00 2.17 0.00 1.99 0.00 3.63

April 30, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,040,000K
= 0.00

NetApp Inc's debt-to-equity ratio has shown fluctuations over the specified time periods. As of July 29, 2022, the company had a debt-to-equity ratio of 3.63, indicating a high level of debt relative to equity. This ratio decreased to 0.00 by July 31, 2022, suggesting the company had no debt relative to its equity.

Subsequently, the ratio increased and decreased in alternating periods, reaching 2.74 on July 28, 2023, and then dropping back to 0.00 by July 31, 2023. This pattern persisted with the ratio reaching peaks of 2.59 on October 27, 2023, and 2.00 on January 26, 2024, before returning to 0.00 on each subsequent quarter end date.

Overall, the debt-to-equity ratio for NetApp Inc has displayed significant variability, with periods of high debt levels relative to equity followed by periods where no debt was reported. It is important to note that a high debt-to-equity ratio can indicate higher financial risk for the company, as it may struggle with debt repayment obligations and interest expenses.


Peer comparison

Apr 30, 2025