NetApp Inc (NTAP)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 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 |
| Debt-to-capital ratio | 0.00 | 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 |
| Debt-to-equity ratio | 0.00 | 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 |
| 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 |
NetApp Inc's solvency ratios provide insights into the company's ability to meet its long-term financial commitments. The Debt-to-assets ratio displays the proportion of total assets financed by debt, with a decreasing trend from 0.25 in July 2022 to 0.00 by January 2025, indicating less reliance on debt financing over time.
The Debt-to-capital ratio reflects the percentage of capital structure consisting of debt, exhibiting a similar pattern of decline from 0.78 in July 2022 to 0.00 by January 2025. This suggests a shift towards a more equity-based capital structure, which can enhance financial stability.
The Debt-to-equity ratio highlights the level of debt relative to shareholders' equity, showing a decreasing trend from 3.63 in July 2022 to 0.00 by January 2025. This reduction indicates lower financial risk and a stronger equity position within the company.
The Financial leverage ratio measures the extent of financial leverage utilized by the company, with fluctuations observed over the period. It decreased from 14.53 in July 2022 to 8.47 in April 2023, rose to 11.78 by October 2023, and then declined to 10.41 by April 2025. This indicates varying levels of reliance on debt throughout the period.
Overall, NetApp Inc has shown a positive trend in solvency ratios, demonstrating a decreasing reliance on debt and improving financial stability, which may enhance its ability to weather economic challenges and meet its long-term obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 16.52 | 24.63 | 23.29 | 22.94 | 24.09 | 23.23 | 22.56 | 19.79 | 16.94 | 16.89 | 16.62 | 16.48 | 16.34 | 16.17 | 15.80 | 16.94 | 17.81 | 16.93 | 16.25 | 16.34 |
The interest coverage ratio for NetApp Inc has shown a generally positive trend over the provided time period, indicating the company's ability to cover its interest expenses with its operating income.
Initially, in July 2022, the interest coverage ratio was 16.34, and it remained relatively stable around this level until January 2023. There was a slight decrease in January 2023 to 15.80, which could indicate a slight decline in the company's ability to cover its interest payments. However, this was followed by an increase in April 2023 to 16.34 and a subsequent steady increase in the ratio over the next few quarters.
The interest coverage ratio peaked in April 2024 at 24.09, reflecting a significant improvement in the company's ability to service its debt obligations. However, there was a slight decline in the ratio in the following quarters, with the ratio stabilizing around 23.29 in October 2024.
In the last reported period of April 2025, the interest coverage ratio dropped to 16.52, which is lower than the previous quarters but still above the levels observed earlier in the analysis.
Overall, NetApp Inc has generally maintained a healthy interest coverage ratio throughout the analyzed period, with occasional fluctuations that should be monitored for any potential impact on the company's financial stability and debt servicing capacity.