NetApp (NTAP) Debt Ratio (2010 - 2026)
NetApp (NTAP) posted quarterly Debt Ratio of 0.23 for Q2 2026, down 22.56% year-over-year from 0.3 in Q2 2025, and down 7.16% on a QoQ basis from 0.25 in Q1 2026.
NetApp (NTAP) Debt Ratio (2010 - 2026) Analysis & Trends
NetApp (NTAP) has reported Debt Ratio for 17 consecutive years, with 0.23 the latest figure, recorded in Q2 2026.
- In Q2 2026, Debt Ratio fell 22.56% year-over-year to 0.23; the TTM figure through Apr 2026 stood at 0.23 (down 22.56% YoY), while the FY2026 annual figure was 0.23, down 22.56% from the prior year.
- Debt Ratio came in at 0.23 for Q2 2026 at NetApp, down from 0.25 in the prior quarter.
- The five-year high for Debt Ratio was 0.3 in Q2 2025, with the low at 0.22 in Q4 2024.
- Average Debt Ratio over 5 years is 0.25, with a median of 0.26 recorded in 2025.
- Across the five-year window, Debt Ratio climbed 23.55% in 2025 and slipped 22.56% in 2026, its largest moves.
- Year by year, Debt Ratio stood at 0.24 in 2022, then increased by 7.97% to 0.26 in 2023, then slipped by 16.01% to 0.22 in 2024, then advanced by 16.63% to 0.26 in 2025, then decreased by 10.33% to 0.23 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.23, 0.25, and 0.26 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 0.06 |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 0.47 |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | - |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | - |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 0.07 |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 0.05 |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 0.21 |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 0.21 |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 0.05 |
| 10 | NetApp | 31.12 Bn | 27.54 Bn | 1.37 Bn | 0.23 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 0.23 |
| Jan 23, 2026 | 0.25 |
| Oct 24, 2025 | 0.26 |
| Jul 25, 2025 | 0.26 |
| Apr 25, 2025 | 0.30 |
| Jan 24, 2025 | 0.22 |
| Oct 25, 2024 | 0.22 |
| Jul 26, 2024 | 0.26 |
| Apr 26, 2024 | 0.24 |
| Jan 26, 2024 | 0.26 |
| Oct 27, 2023 | 0.26 |
| Jul 28, 2023 | 0.26 |
| Apr 28, 2023 | 0.24 |
| Jan 27, 2023 | 0.25 |
| Oct 28, 2022 | 0.24 |
| Jul 29, 2022 | 0.28 |
| Apr 29, 2022 | 0.26 |
| Jan 28, 2022 | 0.28 |
| Oct 29, 2021 | 0.29 |
| Jul 30, 2021 | 0.29 |