NetApp Balance Sheet Health
Financial Health criteria checks 5/6
NetApp has a total shareholder equity of $1.1B and total debt of $2.4B, which brings its debt-to-equity ratio to 208.7%. Its total assets and total liabilities are $9.9B and $8.7B respectively. NetApp's EBIT is $1.3B making its interest coverage ratio -26.4. It has cash and short-term investments of $3.3B.
Key information
208.7%
Debt to equity ratio
US$2.39b
Debt
| Interest coverage ratio | -26.4x |
| Cash | US$3.26b |
| Equity | US$1.15b |
| Total liabilities | US$8.74b |
| Total assets | US$9.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTAP *'s short term assets ($4.9B) exceed its short term liabilities ($4.1B).
Long Term Liabilities: NTAP *'s short term assets ($4.9B) exceed its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: NTAP * has more cash than its total debt.
Reducing Debt: NTAP *'s debt to equity ratio has increased from 164.5% to 208.7% over the past 5 years.
Debt Coverage: NTAP *'s debt is well covered by operating cash flow (70.4%).
Interest Coverage: NTAP * earns more interest than it pays, so coverage of interest payments is not a concern.