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