NetApp Cash-to-Debt

: 1.75 (As of Apr. 2021)

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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 Apr. 2021 was 1.75.

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 Apr. 2021.

NAS:NTAP' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.59 Med: 4.78 Max: No Debt
Current: 1.75

1.59

No Debt

During the past 13 years, NetApp's highest Cash to Debt Ratio was No Debt. The lowest was 1.59. And the median was 4.78.

NAS:NTAP's Cash-to-Debt is ranked higher than
55% of the 2355 Companies
in the Hardware industry.

( Industry Median: 1.40 vs. NAS:NTAP: 1.75 )

NetApp Cash-to-Debt Historical Data

* 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.

* Premium members only.

NetApp Annual Data

Trend

Apr12

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Cash-to-Debt

2.32

2.80

2.18

1.59

1.75

NetApp Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Cash-to-Debt																1.59	1.29	1.32	1.41	1.75

Competitive Comparison

* 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.

Annual Data Quarterly Data

NetApp Cash-to-Debt Distribution

* 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. 2021 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)
	=	4596	/	(0	+	2632)
	=	1.75

NetApp's Cash to Debt Ratio for the quarter that ended in Apr. 2021 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)
	=	4596	/	(0	+	2632)
	=	1.75

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

NetApp Cash-to-Debt Headlines

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NetApp Cash-to-Debt

NetApp Cash-to-Debt Historical Data

NetApp Cash-to-Debt Calculation

NetApp Cash-to-Debt Related Terms

NetApp Cash-to-Debt Headlines