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