NetApp Balance Sheet Health
Financial Health criteria checks 5/6
NetApp has a total shareholder equity of $892.0M and total debt of $2.0B, which brings its debt-to-equity ratio to 223.4%. Its total assets and total liabilities are $9.0B and $8.1B respectively. NetApp's EBIT is $1.4B making its interest coverage ratio -29.3. It has cash and short-term investments of $2.2B.
Key information
223.4%
Debt to equity ratio
US$1.99b
Debt
| Interest coverage ratio | -29.3x |
| Cash | US$2.22b |
| Equity | US$892.00m |
| Total liabilities | US$8.11b |
| Total assets | US$9.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N1TA34's short term assets ($3.9B) do not cover its short term liabilities ($4.3B).
Long Term Liabilities: N1TA34's short term assets ($3.9B) exceed its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: N1TA34 has more cash than its total debt.
Reducing Debt: N1TA34's debt to equity ratio has reduced from 306.5% to 223.4% over the past 5 years.
Debt Coverage: N1TA34's debt is well covered by operating cash flow (77.4%).
Interest Coverage: N1TA34 earns more interest than it pays, so coverage of interest payments is not a concern.