NetApp Inc (NTAP)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 10,026,000 |
| 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 |
| Financial leverage ratio | 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 | 11.96 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,989,000K ÷ $995,000K
= 9.03
NetApp Inc's financial leverage ratio, a measure of the company's reliance on debt financing, has shown fluctuations over the specified time period. Starting at 11.96 in April 2022, the ratio increased to 14.53 by July 2022 and remained constant until October 2022.
However, from October 2022 onwards, there was a noticeable reduction in the financial leverage ratio, dropping to 8.14 by the end of October 2022. This decrease continued into January 2023 as the ratio stood at 8.81.
Subsequently, the ratio slightly decreased to 8.47 by April 2023 before rising to 10.62 by July 2023. The trend continued with an increase to 11.78 by October 2023, but saw a decline to 9.43 in January 2024.
Afterwards, the ratio decreased further to 8.63 by April 2024, remained constant until July 2024, and then increased to 10.09 by October 2024. Finally, by January 2025, the financial leverage ratio stood at 9.03.
Overall, NetApp Inc's financial leverage ratio has displayed variability, with periods of both increase and decrease. This suggests fluctuations in the company's usage of debt for financing its operations over the analyzed time frame.
Peer comparison
Jan 31, 2025