NetApp Inc (NTAP)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 10,823,000 | 8,989,000 | 9,004,000 | 9,311,000 | 9,887,000 | 9,887,000 | 9,369,000 | 9,369,000 | 9,073,000 | 9,073,000 | 9,270,000 | 9,270,000 | 9,818,000 | 9,818,000 | 9,710,000 | 9,710,000 | 9,780,000 | 9,780,000 | 9,544,000 | 9,544,000 |
| 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 |
| Financial leverage ratio | 10.41 | 9.03 | 10.09 | 10.02 | 8.63 | 8.63 | 9.43 | 9.43 | 11.78 | 11.78 | 10.62 | 10.62 | 8.47 | 8.47 | 8.81 | 8.81 | 8.14 | 8.14 | 14.53 | 14.53 |
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, which measures the company's level of financial leverage or debt financing relative to its equity, has shown some fluctuations over the periods provided.
Initially, in July 2022, the financial leverage ratio stood at 14.53, indicating a relatively high level of leverage. However, this ratio dropped significantly to 8.14 in October 2022, reflecting a decrease in debt relative to equity.
In the subsequent periods, the financial leverage ratio remained relatively stable around the 8 to 9 range, showing a moderate level of leverage. However, by July 2023, the ratio increased to 10.62 and continued to rise in the following periods, reaching 10.41 in April 2025.
Overall, NetApp Inc's financial leverage ratio has fluctuated over time but generally stayed within a reasonable range, suggesting a balanced mix of debt and equity financing in its capital structure. The recent increase in the ratio warrants closer monitoring to assess the company's debt management and financial risk.
Peer comparison
Apr 30, 2025