NetApp Inc (NTAP)
Financial leverage ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 26, 2024 | Apr 30, 2023 | Apr 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 10,823,000 | 9,887,000 | 9,887,000 | 9,818,000 | 9,818,000 |
| Total stockholders’ equity | US$ in thousands | 1,040,000 | 1,146,000 | 1,146,000 | 1,159,000 | 1,159,000 |
| Financial leverage ratio | 10.41 | 8.63 | 8.63 | 8.47 | 8.47 |
April 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $10,823,000K ÷ $1,040,000K
= 10.41
NetApp Inc's financial leverage ratio has shown a consistent trend over the years. As of April 28, 2023, and April 30, 2023, the financial leverage ratio stood at 8.47. There was a slight increase in the ratio to 8.63 as of April 26, 2024, and April 30, 2024, indicating a potential increase in financial risk.
However, a significant rise in the financial leverage ratio to 10.41 by April 30, 2025, suggests a notable increase in the company's reliance on debt financing. This may raise concerns about NetApp Inc's ability to meet its financial obligations and manage debt effectively in the future.
Overall, the upward trend in the financial leverage ratio indicates a growing level of financial leverage for NetApp Inc, which could potentially impact the company's financial stability and risk profile. Investors and stakeholders may need to closely monitor the company's debt management strategies and overall financial health in light of these developments.
Peer comparison
Apr 30, 2025