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
NetApp (NASDAQ:NTAP) Seems To Use Debt Quite Sensibly
Nov 23
Here's Why NetApp (NASDAQ:NTAP) Can Manage Its Debt Responsibly
Jun 20NetApp (NASDAQ:NTAP) Seems To Use Debt Quite Sensibly
Mar 07Recent updates
Returns On Capital At NetApp (NASDAQ:NTAP) Have Stalled
Apr 09NetApp (NASDAQ:NTAP) Will Pay A Dividend Of $0.50
Mar 19NetApp: AI Could Support More Upside - Initiating With A Buy
Mar 05NetApp (NASDAQ:NTAP) Has Announced A Dividend Of $0.50
Mar 05Results: NetApp, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 02NetApp Q3 Earnings Preview: Key Things To Consider
Feb 28Calculating The Fair Value Of NetApp, Inc. (NASDAQ:NTAP)
Feb 18NetApp, Inc. (NASDAQ:NTAP) Not Lagging Market On Growth Or Pricing
Jan 31Is Now The Time To Look At Buying NetApp, Inc. (NASDAQ:NTAP)?
Dec 25NetApp's (NASDAQ:NTAP) Soft Earnings Are Actually Better Than They Appear
Dec 07NetApp (NASDAQ:NTAP) Seems To Use Debt Quite Sensibly
Nov 23Here's Why NetApp (NASDAQ:NTAP) Has Caught The Eye Of Investors
Nov 08NetApp, Inc. (NASDAQ:NTAP) Shares Could Be 29% Below Their Intrinsic Value Estimate
Oct 23NetApp (NASDAQ:NTAP) Will Pay A Dividend Of $0.50
Sep 23NetApp, Inc.'s (NASDAQ:NTAP) CEO Looks Like They Deserve Their Pay Packet
Sep 07NetApp (NASDAQ:NTAP) Has Affirmed Its Dividend Of $0.50
Aug 27Is Now An Opportune Moment To Examine NetApp, Inc. (NASDAQ:NTAP)?
Aug 15If EPS Growth Is Important To You, NetApp (NASDAQ:NTAP) Presents An Opportunity
Jul 31Returns At NetApp (NASDAQ:NTAP) Are On The Way Up
Jul 16NetApp (NASDAQ:NTAP) Is Paying Out A Dividend Of $0.50
Jun 23Here's Why NetApp (NASDAQ:NTAP) Can Manage Its Debt Responsibly
Jun 20NetApp (NASDAQ:NTAP) Is Due To Pay A Dividend Of $0.50
Jun 05An Intrinsic Calculation For NetApp, Inc. (NASDAQ:NTAP) Suggests It's 34% Undervalued
May 15NetApp (NASDAQ:NTAP) Might Have The Makings Of A Multi-Bagger
Apr 13Should You Think About Buying NetApp, Inc. (NASDAQ:NTAP) Now?
Mar 21NetApp (NASDAQ:NTAP) Seems To Use Debt Quite Sensibly
Mar 07NetApp, Inc.'s (NASDAQ:NTAP) Intrinsic Value Is Potentially 44% Above Its Share Price
Feb 08With EPS Growth And More, NetApp (NASDAQ:NTAP) Makes An Interesting Case
Jan 26Returns At NetApp (NASDAQ:NTAP) Are On The Way Up
Jan 12NetApp (NASDAQ:NTAP) Is Paying Out A Dividend Of $0.50
Dec 28NetApp (NASDAQ:NTAP) Is Due To Pay A Dividend Of $0.50
Dec 03Financial Position Analysis
Short Term Liabilities: NTAP's short term assets ($4.3B) exceed its short term liabilities ($3.8B).
Long Term Liabilities: NTAP's short term assets ($4.3B) do not cover 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 133% to 240.5% over the past 5 years.
Debt Coverage: NTAP's debt is well covered by operating cash flow (54.7%).
Interest Coverage: NTAP earns more interest than it pays, so coverage of interest payments is not a concern.