NetApp Inc (NTAP)
Financial leverage ratio
| Apr 26, 2024 | Jan 26, 2024 | Oct 27, 2023 | Jul 28, 2023 | Apr 28, 2023 | Jan 27, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | Apr 24, 2020 | Jan 24, 2020 | Oct 25, 2019 | Jul 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,887,000 | 9,369,000 | 9,073,000 | 9,270,000 | 9,818,000 | 9,710,000 | 9,780,000 | 9,544,000 | 10,026,000 | 9,500,000 | 9,222,000 | 9,156,000 | 9,360,000 | 8,686,000 | 8,420,000 | 8,416,000 | 7,522,000 | 7,483,000 | 7,472,000 | 7,811,000 |
| Total stockholders’ equity | US$ in thousands | 1,146,000 | 994,000 | 770,000 | 873,000 | 1,159,000 | 1,102,000 | 1,202,000 | 657,000 | 838,000 | 882,000 | 759,000 | 720,000 | 685,000 | 478,000 | 370,000 | 284,000 | 242,000 | 282,000 | 536,000 | 863,000 |
| Financial leverage ratio | 8.63 | 9.43 | 11.78 | 10.62 | 8.47 | 8.81 | 8.14 | 14.53 | 11.96 | 10.77 | 12.15 | 12.72 | 13.66 | 18.17 | 22.76 | 29.63 | 31.08 | 26.54 | 13.94 | 9.05 |
April 26, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,887,000K ÷ $1,146,000K
= 8.63
Based on the financial leverage ratio data provided for NetApp Inc over the past 20 quarters, we can observe fluctuations in the company's financial leverage position. The financial leverage ratio measures the extent to which a company utilizes debt to finance its operations and investments.
Looking at the trend, we see that NetApp's financial leverage ratio has experienced significant variability over the periods examined. The ratio ranged from a low of 8.14 to a high of 31.08. This indicates fluctuating levels of debt relative to equity in the company's capital structure.
The highest financial leverage ratio of 31.08 observed in the quarter ending July 31, 2020, may suggest a high level of debt relative to equity during that period. Conversely, the lowest ratio of 8.14 recorded in the quarter ending October 28, 2022, could indicate a lower reliance on debt financing.
Overall, it is essential to assess the company's financial leverage ratio in conjunction with other financial metrics to gain a comprehensive understanding of NetApp Inc's capital structure and financial health. Further analysis and examination of the underlying reasons for the fluctuations in the financial leverage ratio would be beneficial in evaluating the company's risk profile and financial stability.
Peer comparison
Apr 26, 2024