NetApp Inc (NTAP)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.00 | 0.21 | 0.00 | 0.22 | 0.00 | 0.26 | 0.00 | 0.24 | 0.00 | 0.25 | 0.00 | 0.24 | 0.00 | 0.25 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.63 | 0.00 | 0.67 | 0.00 | 0.72 | 0.00 | 0.73 | 0.00 | 0.67 | 0.00 | 0.68 | 0.00 | 0.67 | 0.00 | 0.78 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 1.74 | 0.00 | 2.00 | 0.00 | 2.59 | 0.00 | 2.74 | 0.00 | 2.06 | 0.00 | 2.17 | 0.00 | 1.99 | 0.00 | 3.63 | 0.00 |
| 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 |
NetApp Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations.
1. Debt-to-assets ratio: The data shows fluctuations in this ratio over the periods, with values ranging from 0.00 to 0.26. A lower ratio indicates a lower reliance on debt to finance assets, which is generally favorable for solvency.
2. Debt-to-capital ratio: This ratio fluctuates between 0.00 and 0.78 during the periods under review. The high values suggest a significant portion of capital being financed by debt, which may indicate higher financial risk.
3. Debt-to-equity ratio: The data reflects fluctuations in this ratio, ranging from 0.00 to 3.63. Higher values indicate higher debt relative to equity, which may point to higher financial leverage and risk.
4. Financial leverage ratio: This ratio fluctuates between 8.14 and 14.53. A higher financial leverage ratio indicates a higher level of debt financing relative to equity, which can increase financial risk and impact the company's solvency.
In summary, NetApp Inc's solvency ratios show varying levels of reliance on debt for financing, with fluctuations in the ratios indicating changes in the company's capital structure and potential financial risk. Monitoring these ratios over time can provide insights into the company's long-term financial health and ability to meet its obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 24.63 | 23.29 | 22.94 | 24.09 | 23.23 | 22.56 | 20.16 | 17.31 | 15.23 | 15.01 | 16.80 | 16.68 | 17.80 | 17.41 | 15.47 | 16.39 | 16.46 | 15.79 | 16.64 | 16.92 |
NetApp Inc's interest coverage ratio, calculated as earnings before interest and taxes (EBIT) divided by interest expense, has shown a generally positive trend over the periods provided. The interest coverage ratio ranged from a low of 15.01 to a high of 24.63. An interest coverage ratio above 1 indicates that a company can easily meet its interest obligations.
The company's interest coverage ratio has improved over time, indicating its ability to cover interest payments with its operating earnings. This improvement suggests a strengthening financial position and reduced risk of default on debt obligations.
Investors and creditors view a higher interest coverage ratio favorably as it signifies the company's ability to handle its debt burden. NetApp Inc's interest coverage ratios consistently above 1 and trending upwards indicate a healthy financial position in terms of meeting interest payment obligations.