NetApp Inc (NTAP)

Solvency ratios

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
Debt-to-assets ratio 0.20 0.21 0.22 0.26 0.24 0.25 0.24 0.25 0.24 0.25 0.29 0.29 0.28 0.30 0.31 0.31 0.15 0.15 0.15 0.15
Debt-to-capital ratio 0.63 0.67 0.72 0.73 0.67 0.68 0.67 0.78 0.74 0.73 0.78 0.79 0.79 0.85 0.88 0.90 0.83 0.80 0.68 0.57
Debt-to-equity ratio 1.74 2.00 2.59 2.74 2.06 2.17 1.99 3.63 2.85 2.70 3.47 3.66 3.84 5.51 7.11 9.26 4.74 4.06 2.14 1.33
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

NetApp Inc's solvency ratios have shown some fluctuations over the past few quarters. The debt-to-assets ratio has ranged from 0.20 to 0.31, indicating that the company has been able to maintain a relatively low level of debt compared to its total assets.

The debt-to-capital ratio has varied between 0.63 and 0.90, reflecting the proportion of the company's capital structure that is financed by debt. While the ratio has trended upwards, reaching a peak in recent quarters, it still indicates a moderate reliance on debt financing.

The debt-to-equity ratio has ranged from 1.33 to 9.26, indicating the extent to which the company is financed by debt relative to equity. The higher ratios in recent quarters suggest that NetApp Inc has been using more debt to finance its operations, which could indicate increased financial risk.

The financial leverage ratio, which measures the company's overall financial risk, has shown significant fluctuations, ranging from 8.14 to 31.08. The higher ratios in recent quarters suggest that NetApp Inc has been taking on more leverage, potentially increasing its financial risk and vulnerability to economic downturns.

Overall, while NetApp Inc has maintained relatively low debt levels in relation to its assets, the increasing trend in the debt-to-capital and debt-to-equity ratios, along with the fluctuating financial leverage ratio, indicate a potential shift towards more debt-dependent financing strategies and increased financial risk in recent quarters.

Coverage ratios

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
Interest coverage 20.73 19.70 16.75 16.11 16.91 15.84 17.01 16.45 16.00 18.01 17.22 15.80 14.00 12.25 13.58 17.02 18.16 20.60 20.67 19.90

NetApp Inc's interest coverage ratio has shown some fluctuations over the past few years. The interest coverage ratio measures the company's ability to cover its interest expenses with its operating income.

From the data provided, NetApp's interest coverage ratio ranged from a low of 12.25 to a high of 20.73 during the period. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations from its operating earnings.

Overall, NetApp's interest coverage ratio has exhibited a generally strong performance, staying above 15 for most of the time period. This suggests that the company has had sufficient earnings to comfortably cover its interest expenses. However, there have been periods of slight fluctuations in the ratio, potentially indicating changes in the company's financial health or profitability during those times.

It is essential to continue monitoring NetApp's interest coverage ratio to ensure that the company can continue meeting its interest obligations, especially in the face of changing market conditions and business dynamics.