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NetApp Interest Expense

: $-58 Mil (TTM As of Jul. 2020)
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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 Jul. 2020 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2020 was $-58 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. 2020 was $ 149 Mil. NetApp's Interest Expense for the three months ended in Jul. 2020 was $ -18 Mil. NetApp's Interest Coverage for the quarter that ended in Jul. 2020 was 8.28. 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

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

NetApp Annual Data
Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -49.00 -52.00 -62.00 -58.00 -55.00

NetApp Quarterly Data
Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.00 -12.00 -14.00 -14.00 -18.00

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 Jul. 2020 was -12 (Oct. 2019 ) + -14 (Jan. 2020 ) + -14 (Apr. 2020 ) + -18 (Jul. 2020 ) = $-58 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


NetApp  (NAS:NTAP) Interest Expense Explanation

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. The higher, the better.

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. 2020 was $-18 Mil. Its Operating Income for the three months ended in Jul. 2020 was $149 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jul. 2020 was $2,720 Mil.

NetApp's Interest Coverage for the quarter that ended in Jul. 2020 is calculated as

Interest Coverage=-1* Operating Income (Q: Jul. 2020 )/Interest Expense (Q: Jul. 2020 )
=-1*149/-18
=8.28

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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


NetApp Interest Expense Headlines

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