NetApp Inc (NTAP)
Debt-to-equity 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-equity ratio | 1.74 | 2.00 | 2.59 | 2.74 | 2.06 | 2.17 | 1.99 | 3.63 | 2.85 | 2.70 | 3.47 | 3.66 | 3.84 | 5.51 | 7.11 | 9.26 | 4.74 | 4.06 | 2.14 | 1.33 |
April 26, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,992,000K ÷ $1,146,000K
= 1.74
The debt-to-equity ratio of NetApp Inc has fluctuated over the past 20 quarters. It stood at 1.33 in July 2019, steadily increased to reach a peak of 9.26 in October 2020, and has since shown a decreasing trend, with occasional fluctuations. As of April 26, 2024, the ratio stands at 1.74. Overall, the company has experienced periods of higher leverage (higher debt relative to equity) but has made efforts to bring the ratio down in recent quarters. It is essential for investors and analysts to monitor this ratio to assess the company's financial risk and capital structure.
Peer comparison
Apr 26, 2024
Company name
Symbol
Debt-to-equity ratio
NetApp Inc
NTAP
1.74
Pure Storage Inc
PSTG
0.08
Seagate Technology PLC
STX
—
Western Digital Corporation
WDC
0.53