NetApp (NetApp) Interest Expense

: $-64 Mil (TTM As of Jan. 2024)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NetApp's interest expense for the three months ended in Jan. 2024 was $ -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was $-64 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. NetApp's Operating Income for the three months ended in Jan. 2024 was $ 382 Mil. NetApp's Interest Expense for the three months ended in Jan. 2024 was $ -17 Mil. NetApp's Interest Coverage for the quarter that ended in Jan. 2024 was 22.47. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NetApp Interest Expense Historical Data

The historical data trend for NetApp's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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NetApp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

-58.00

-55.00

-74.00

-73.00

-67.00

NetApp Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense																-16.00	-16.00	-16.00	-15.00	-17.00

NetApp Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-64 Mil.

NetApp (NAS:NTAP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

NetApp's Interest Expense for the three months ended in Jan. 2024 was $-17 Mil. Its Operating Income for the three months ended in Jan. 2024 was $382 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was $2,216 Mil.

NetApp's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	382	/	-17
	=	22.47

The higher the ratio, the stronger the company's financial strength is.

NetApp (NetApp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NetApp Inc (NAS:NTAP) » Definitions » Interest Expense

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Traded in Other Exchanges

NTA:Germany

Address

3060 Olsen Drive, San Jose, CA, USA, 95128

Website

https://www.netapp.com

NetApp Inc is a leading provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services.

Executives

Michael J Berry	officer: EVP Finance & Operations, CFO	C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063
Elizabeth M O'callahan	officer: EVP, GC and Secretary	NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128
Cesar Cernuda	officer: President	1395 CROSSMAN AVENUE, SUNNYVALE CA 94089
George Kurian	director, officer: Chief Executive Officer	C/O NETAPP, 495 E. JAVA DRIVE, SUNNYVALE CA 94089
Thomas Michael Nevens	director	C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014
Gerald Held	director
Robert Parks	officer: Chief Accounting Officer	C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560
Carrie Palin	director	1801 CALIFORNIA STREET, SUITE 500, DENVER CO 80202
Deepak Ahuja	director	C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Kathryn Hill	director	7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007
Scott F. Schenkel	director	C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
George T Shaheen	director
Deborah Kerr	director	901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402
Harvinder S Bhela	officer: EVP, Chief Product Officer	NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128
Matthew K Fawcett	officer: Senior VP, General Counsel	495 EAST JAVA DRIVE, SUNNYVALE CA 94089