NetApp Balance Sheet Health
Financial Health criteria checks 4/6
NetApp has a total shareholder equity of $770.0M and total debt of $2.4B, which brings its debt-to-equity ratio to 310.5%. Its total assets and total liabilities are $9.1B and $8.3B respectively. NetApp's EBIT is $1.1B making its interest coverage ratio -29.1. It has cash and short-term investments of $2.6B.
Key information
310.5%
Debt to equity ratio
US$2.39b
Debt
Interest coverage ratio | -29.1x |
Cash | US$2.63b |
Equity | US$770.00m |
Total liabilities | US$8.30b |
Total assets | US$9.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTA's short term assets ($4.0B) exceed its short term liabilities ($3.7B).
Long Term Liabilities: NTA's short term assets ($4.0B) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: NTA has more cash than its total debt.
Reducing Debt: NTA's debt to equity ratio has increased from 111.8% to 310.5% over the past 5 years.
Debt Coverage: NTA's debt is well covered by operating cash flow (50.2%).
Interest Coverage: NTA earns more interest than it pays, so coverage of interest payments is not a concern.