NetApp Balance Sheet Health
Financial Health criteria checks 5/6
NetApp has a total shareholder equity of $975.0M and total debt of $2.5B, which brings its debt-to-equity ratio to 254.9%. Its total assets and total liabilities are $9.7B and $8.7B respectively. NetApp's EBIT is $1.4B making its interest coverage ratio -41. It has cash and short-term investments of $3.3B.
Key information
254.87%
Debt to equity ratio
US$2.49b
Debt
| Interest coverage ratio | -41x |
| Cash | US$3.33b |
| Equity | US$975.00m |
| Total liabilities | US$8.70b |
| Total assets | US$9.68b |
Recent financial health updates
These 4 Measures Indicate That NetApp (NASDAQ:NTAP) Is Using Debt Safely
Apr 14
Is NetApp (NASDAQ:NTAP) A Risky Investment?
Nov 04Recent updates
NetApp (NASDAQ:NTAP) Has Affirmed Its Dividend Of $0.52
Sep 16NetApp: Cheap Valuation Offsets Execution Stumbles
Sep 02NetApp (NASDAQ:NTAP) Is Paying Out A Dividend Of $0.52
Aug 31Is It Too Late To Consider Buying NetApp, Inc. (NASDAQ:NTAP)?
Jul 13NetApp (NASDAQ:NTAP) Has Affirmed Its Dividend Of $0.52
Jun 25NetApp, Inc. (NASDAQ:NTAP) Just Released Its Yearly Earnings: Here's What Analysts Think
Jun 01NetApp: Disappointing Guidance Paved The Way For An Attractive Price In This Strong Company
Apr 15These 4 Measures Indicate That NetApp (NASDAQ:NTAP) Is Using Debt Safely
Apr 14Are Investors Undervaluing NetApp, Inc. (NASDAQ:NTAP) By 50%?
Mar 26NetApp: Tremendous Value To Be Unlocked
Mar 19Statutory Profit Doesn't Reflect How Good NetApp's (NASDAQ:NTAP) Earnings Are
Mar 11NetApp: Stands To Benefit From AI, But Needs More Discount
Feb 17NetApp, Inc.'s (NASDAQ:NTAP) Share Price Could Signal Some Risk
Feb 12What Does NetApp, Inc.'s (NASDAQ:NTAP) Share Price Indicate?
Jan 27Under The Bonnet, NetApp's (NASDAQ:NTAP) Returns Look Impressive
Dec 27Is NetApp, Inc. (NASDAQ:NTAP) Trading At A 37% Discount?
Dec 12Analysts Are Updating Their NetApp, Inc. (NASDAQ:NTAP) Estimates After Its Second-Quarter Results
Nov 27NetApp: ARR Growth And Margin Expansion Should Drive Further Upside
Nov 26NetApp's Q2 Earnings Preview: Profits, Partnerships, And The Path Forward
Nov 19Is NetApp (NASDAQ:NTAP) A Risky Investment?
Nov 04NetApp: Why Investors Should Remain Bullish For Fiscal 2025
Oct 22NetApp: Trading At Great Value Despite AI Tailwinds
Sep 30NetApp: No More Near-Term Good News Left - Downgrading To Hold
Sep 02
Expanding Flash Arrays And Cloud Services Propel Growth Amid Financial And Market Risks
Expansion in all-flash arrays and growth in customer acquisition in this segment highlight potential for continued revenue increases without specifying figures.NetApp: Hold, The Margin Of Safety Has Been Exploited
Jul 30Financial Position Analysis
Short Term Liabilities: NTAP's short term assets ($4.7B) exceed its short term liabilities ($3.6B).
Long Term Liabilities: NTAP's short term assets ($4.7B) do not cover its long term liabilities ($5.1B).
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 reduced from 963.6% to 254.9% over the past 5 years.
Debt Coverage: NTAP's debt is well covered by operating cash flow (74%).
Interest Coverage: NTAP earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/26 00:56 |
| End of Day Share Price | 2025/10/24 00:00 |
| Earnings | 2025/07/25 |
| Annual Earnings | 2025/04/25 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
NetApp, Inc. is covered by 46 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Kelleher | Argus Research Company |
| Jayson Noland | Baird |
| Benjamin Reitzes | Barclays |