NetApp (NTAP) Interest Coverage Ratio (2009 - 2026)
NetApp (NTAP) posted quarterly Interest Coverage Ratio of 15.2 for Q2 2026, down 8.28% year-over-year from 16.57 in Q2 2025, and up 901.66% quarter-over-quarter from 1.52 in Q1 2026.
NetApp (NTAP) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
NetApp's Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 15.2 for Q2 2026.
- In Q2 2026, Interest Coverage Ratio fell 8.28% year-over-year to 15.2; the TTM figure through Apr 2026 stood at 20.17 (up 7.1% YoY), while the FY2026 annual figure was 13.61, down 34.85% from the prior year.
- Interest Coverage Ratio for Q2 2026 stood at 15.2, up from 1.52 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 38.62 in Q2 2023, with the low at 1.17 in Q3 2023.
- The 5-year median for Interest Coverage Ratio is 10.11 (2025), against an average of 12.79.
- The sharpest annual moves came in 2025 and 2026: Interest Coverage Ratio jumped 1169.31% in 2025, then sank 94.97% in 2026.
- NetApp's Interest Coverage Ratio stood at 9.72 in 2022, then sank by 79.57% to 1.99 in 2023, then soared by 1057.57% to 23.0 in 2024, then tumbled by 54.35% to 10.5 in 2025, then jumped by 44.76% to 15.2 in 2026.
- Business Quant data shows NTAP's Interest Coverage Ratio at 15.2 in Q2 2026, 1.52 in Q1 2026, and 10.5 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 9.60 |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 4.26 |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 0.06 |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -0.21 |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 9.17 |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -0.72 |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 0.15 |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 0.00 |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 3.33 |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 19.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 15.20 |
| Jan 23, 2026 | 1.52 |
| Oct 24, 2025 | 10.50 |
| Jul 25, 2025 | 7.73 |
| Apr 25, 2025 | 16.57 |
| Jan 24, 2025 | 30.17 |
| Oct 25, 2024 | 23.00 |
| Jul 26, 2024 | 12.26 |
| Apr 26, 2024 | 3.42 |
| Jan 26, 2024 | 2.38 |
| Oct 27, 2023 | 1.99 |
| Jul 28, 2023 | 1.17 |
| Apr 28, 2023 | 38.63 |
| Jan 27, 2023 | 5.93 |
| Oct 28, 2022 | 9.72 |
| Jul 29, 2022 | 8.79 |
| Apr 29, 2022 | 24.42 |
| Jan 28, 2022 | 16.89 |
| Oct 29, 2021 | 16.33 |
| Jul 30, 2021 | 9.22 |