Skip to content

NetApp NTAP Debt-to-assets

Debt-to-assets at other companies

International Business Machines logo
International Business MachinesIBM
0.5×0.0×
Dell Technologies logo
Dell TechnologiesDELL
0.3×-0.1×
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
0.3×0.0×
TD SYNNEX logo
TD SYNNEXSNX
0.1×0.0×
Snowflake logo
SnowflakeSNOW
0.1×0.0×
Western Digital logo
Western DigitalWDC
0.1×-0.3×

Other financials

Income statement

See full
Revenue$1.9B+12.5%
Gross profit$1.4B+14.4%
Operating income$532.0M+52.9%
Net income$404.0M+18.8%
EPS (diluted)$2.03+23.8%

Balance sheet

See full
Cash & equivalents$2.1B-24.5%
Total debt$2.7B-21.7%
Total equity$1.4B+29.9%
Total assets$10.7B-0.7%

Cash flow

See full
Operating cash flow$950.0M+40.7%
CapEx$50.0M+42.9%
Free cash flow$900.0M+40.6%

Valuation

See full
Market cap$30.33B+20.1%
Enterprise value$30.99B+18.9%
P/E23.8×+2.5×
P/S4.4×+0.5×

Profitability

See full
Gross margin70.7%+0.6pp
Operating margin24.2%+3.8pp
Net margin18.4%+0.4pp

Returns & leverage

See full
Return on equity106.7%-1.8pp
Debt / equity-1.3×
Current ratio1.4×+0.2×

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 →

Ask your AI about NetApp's debt-to-assets.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is NetApp's debt-to-assets?
NetApp (NTAP) reported debt-to-assets of 0.3× in Q1 2026.
How has NetApp's debt-to-assets changed year-over-year?
NetApp's debt-to-assets decreased by 21.1% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for NetApp's debt-to-assets?
Over 5 years (2021 to 2026), NetApp's debt-to-assets has grown at a -3.2% compound annual growth rate (CAGR), from 1.3× to 1.1×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.