NetApp Inc (NTAP)
Debt-to-equity ratio
| 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 | Apr 30, 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 | 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 | 838,000 |
| Debt-to-equity ratio | 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 | 0.00 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $995,000K
= 0.00
NetApp Inc's debt-to-equity ratio has shown fluctuations over the period from April 2022 to January 2025.
During this time frame, the company had a debt-to-equity ratio of 0.00 in April 2022, which implies that there was no debt on the company's balance sheet relative to its equity. This indicates that the company was largely financed by equity at that point in time.
However, in July 2022, the debt-to-equity ratio increased significantly to 3.63. This suggests that NetApp had taken on a substantial amount of debt compared to its equity, indicating a higher level of financial leverage.
The ratio then dropped back to 0.00 in July and October 2022, signaling a return to a debt-free or low debt position. Subsequently, there were fluctuations in the debt-to-equity ratio, with values ranging between 1.99 and 2.74 until January 2025.
Overall, the debt-to-equity ratio of NetApp Inc has shown variability over the period considered, reflecting changes in the company's capital structure and the extent to which it relies on debt financing. It is important for investors and stakeholders to monitor these fluctuations to assess the company's risk profile and financial stability.
Peer comparison
Jan 31, 2025