NetApp Balance Sheet Health
Financial Health criteria checks 4/6
NetApp has a total shareholder equity of $994.0M and total debt of $2.4B, which brings its debt-to-equity ratio to 240.5%. Its total assets and total liabilities are $9.4B and $8.4B respectively. NetApp's EBIT is $1.2B making its interest coverage ratio -28.5. It has cash and short-term investments of $2.9B.
Key information
240.5%
Debt to equity ratio
US$2.39b
Debt
Interest coverage ratio | -28.5x |
Cash | US$2.92b |
Equity | US$994.00m |
Total liabilities | US$8.38b |
Total assets | US$9.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0K6F's short term assets ($4.3B) exceed its short term liabilities ($3.8B).
Long Term Liabilities: 0K6F's short term assets ($4.3B) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: 0K6F has more cash than its total debt.
Reducing Debt: 0K6F's debt to equity ratio has increased from 133% to 240.5% over the past 5 years.
Debt Coverage: 0K6F's debt is well covered by operating cash flow (54.7%).
Interest Coverage: 0K6F earns more interest than it pays, so coverage of interest payments is not a concern.