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
DateValue
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