NetApp (NetApp) Cash-to-Debt : 1.10 (As of Jan. 2024)

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What is NetApp Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. NetApp's cash to debt ratio for the quarter that ended in Jan. 2024 was 1.10.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, NetApp could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for NetApp's Cash-to-Debt or its related term are showing as below:

NTAP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.98 Med: 2.08 Max: 5.05
Current: 1.1

During the past 13 years, NetApp's highest Cash to Debt Ratio was 5.05. The lowest was 0.98. And the median was 2.08.

NTAP's Cash-to-Debt is ranked worse than
55.34% of 2470 companies
in the Hardware industry
Industry Median: 1.38 vs NTAP: 1.10

NetApp Cash-to-Debt Historical Data

The historical data trend for NetApp's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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NetApp Cash-to-Debt Chart

NetApp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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2.18

1.59

1.67

1.41

1.14

NetApp Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.17	1.14	1.11	0.98	1.10

Competitive Comparison of NetApp's Cash-to-Debt

For the Computer Hardware subindustry, NetApp's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

NetApp's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, NetApp's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where NetApp's Cash-to-Debt falls into.

NetApp Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

NetApp's Cash to Debt Ratio for the fiscal year that ended in Apr. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3070	/	(47	+	2637)
	=	1.14

NetApp's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2917	/	(440	+	2216)
	=	1.10

NetApp (NAS:NTAP) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

NetApp Cash-to-Debt Related Terms

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NetApp (NetApp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NetApp Inc (NAS:NTAP) » Definitions » Cash-to-Debt

Comparable Companies

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