NetApp NTAP Current ratio
Current ratio at other companies
Other financials
Where this comes from
Calculated from NetApp’s reported figures.
Based on the most recent quarter.
The official record: NetApp’s 10-K, filed June 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is NetApp's current ratio?
- NetApp (NTAP) reported current ratio of 1.4× in Q1 2026.
- How has NetApp's current ratio changed year-over-year?
- NetApp's current ratio increased by 14.5% year-over-year, from 1.3× to 1.4×.
- What is the long-term trend for NetApp's current ratio?
- Over 5 years (2021 to 2026), NetApp's current ratio has grown at a -3.9% compound annual growth rate (CAGR), from 6.7× to 5.5×.
- What does current ratio mean?
- Whether the company has enough short-term assets to cover its short-term bills.
- How do you interpret current ratio?
- Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
- How does current ratio compare across companies?
- Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.