NetApp (BSP:N1TA34) Interest Expense : R$-330 Mil (TTM As of Jul. 2024)

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What is NetApp Interest Expense?

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 Jul. 2024 was R$ -89 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2024 was R$-330 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 Jul. 2024 was R$ 1,663 Mil. NetApp's Interest Expense for the three months ended in Jul. 2024 was R$ -89 Mil. NetApp's Interest Coverage for the quarter that ended in Jul. 2024 was 18.75. 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 Interest Expense Chart

NetApp Annual Data

Trend

Apr15

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Apr24

Interest Expense

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-292.44

-412.08

-347.09

-336.44

-328.32

NetApp Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Interest Expense	Get a 7-Day Free Trial															-76.81	-75.84	-83.61	-82.08	-88.70

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 Jul. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-330 Mil.

NetApp (BSP:N1TA34) 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 Jul. 2024 was R$-89 Mil. Its Operating Income for the three months ended in Jul. 2024 was R$1,663 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2024 was R$8,094 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jul. 2024 )	/	Interest Expense (Q: Jul. 2024 )
	=	-1	*	1663.14	/	-88.701
	=	18.75

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

NetApp Business Description

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Address

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

Website

https://www.netapp.com

NetApp Inc is a 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.

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