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% quarter-over-quarter from 0.25 in Q1 2026.
NetApp (NTAP) Debt Ratio (2010 - 2026) Analysis & Trends
NetApp's Debt Ratio history runs 17 years deep, the most recent figure standing at 0.23 for 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 for Q2 2026 stood at 0.23, down from 0.25 in the prior quarter.
- The five-year high for Debt Ratio was 0.31 in Q4 2023, with the low at 0.22 in Q4 2024.
- The 5-year median for Debt Ratio is 0.26 (2025), against an average of 0.26.
- The sharpest annual moves came in 2023 and 2024: Debt Ratio gained 26.04% in 2023, then dropped 28.04% in 2024.
- NetApp's Debt Ratio stood at 0.24 in 2022, then rose by 26.04% to 0.31 in 2023, then decreased by 28.04% to 0.22 in 2024, then grew by 16.63% to 0.26 in 2025, then dropped by 10.33% to 0.23 in 2026.
- Business Quant data shows NTAP's Debt Ratio at 0.23 in Q2 2026, 0.25 in Q1 2026, and 0.26 in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 0.05 |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 0.47 |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | - |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 0.00 |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 0.05 |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 0.20 |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 0.21 |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 0.05 |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 0.16 |
| 10 | NetApp | 40.59 Bn | 37.00 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 | 0.31 |
| 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 |