NetApp (FRA:NTA) Debt-to-Asset

: 0.28 (As of Jan. 2024)

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NetApp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €404 Mil. NetApp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was €2,034 Mil. NetApp's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jan. 2024 was €8,601 Mil. NetApp's debt to asset for the quarter that ended in Jan. 2024 was 0.28.

NetApp Debt-to-Asset Historical Data

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

* Premium members only.

NetApp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Asset

0.21

0.24

0.29

0.27

NetApp Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Asset																0.28	0.27	0.29	0.29	0.28

Competitive Comparison

For the Computer Hardware subindustry, NetApp's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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 Debt-to-Asset Distribution

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

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

NetApp Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

NetApp's Debt-to-Asset for the fiscal year that ended in Apr. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(42.864	+	2404.944)	/	8954.016
	=	0.27

NetApp's Debt-to-Asset for the quarter that ended in Jan. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(403.92	+	2034.288)	/	8600.742
	=	0.28

NetApp (FRA:NTA) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

NetApp Debt-to-Asset Related Terms

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NetApp (FRA:NTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NetApp Inc (FRA:NTA) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

NTAP:USA 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.

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