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NetApp (NAS:NTAP) Cash-to-Debt

: 0.98 (As of Oct. 2023)
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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 Oct. 2023 was 0.98.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, NetApp couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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: 2.14   Max: 5.09
Current: 0.98

During the past 13 years, NetApp's highest Cash to Debt Ratio was 5.09. The lowest was 0.98. And the median was 2.14.

NTAP's Cash-to-Debt is ranked worse than
56.55% of 2472 companies
in the Hardware industry
Industry Median: 1.3 vs NTAP: 0.98

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.

* Premium members only.

NetApp Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.18 1.59 1.67 1.41 1.14

NetApp Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Cash-to-Debt 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 1.13 1.17 1.14 1.11 0.98

Competitive Comparison

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 Cash-to-Debt Distribution

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:

NetApp's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

* 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.


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

Thank you for viewing the detailed overview of NetApp's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


NetApp (NAS:NTAP) Business Description

Traded in Other Exchanges
Address
3060 Olsen Drive, San Jose, CA, USA, 95128
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