NetApp (NTAP) Interest Coverage Ratio (2009 - 2026)

NetApp (NTAP) posted quarterly Interest Coverage Ratio of 28.43 for Q2 2026, up 14.59% year-over-year from 24.81 in Q2 2025, and down 270.31% on a QoQ basis from 16.69 in Q1 2026.

NetApp (NTAP) Interest Coverage Ratio (2009 - 2026) Analysis & Trends

NetApp (NTAP) has reported Interest Coverage Ratio for 18 consecutive years, with 28.43 the latest figure, recorded in Q2 2026.

  • In Q2 2026, Interest Coverage Ratio rose 14.59% year-over-year to 28.43; the TTM figure through Apr 2026 stood at 3.17 (down 29.95% YoY), while the FY2026 annual figure was 3.17, down 29.95% from the prior year.
  • Interest Coverage Ratio came in at 28.43 for Q2 2026 at NetApp, down from 16.69 in the prior quarter.
  • The five-year high for Interest Coverage Ratio was 30.17 in Q1 2025, with the low at 35.22 in Q2 2022.
  • Average Interest Coverage Ratio over 5 years is 0.28, with a median of 10.7 recorded in 2023.
  • Across the five-year window, Interest Coverage Ratio surged 258.43% in 2024 and sank 1118.58% in 2025, its largest moves.
  • Year by year, Interest Coverage Ratio stood at 16.59 in 2022, then sank by 222.17% to 20.27 in 2023, then jumped by 213.49% to 23.0 in 2024, then slumped by 33.28% to 15.35 in 2025, then tumbled by 285.25% to 28.43 in 2026.
  • According to Business Quant data, Interest Coverage Ratio over the past three periods registered 28.43, 16.69, and 15.35 for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Cover (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 49.35
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 4.26
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 1.83
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 138.10
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn -24.19
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 1.25
9 Block 46.10 Bn 39.21 Bn 2.91 Bn -
10 NetApp 31.12 Bn 27.54 Bn 1.37 Bn -28.43

Historic Data

Download Data
DateValue
Apr 24, 2026 -28.43
Jan 23, 2026 16.69
Oct 24, 2025 15.35
Jul 25, 2025 10.66
Apr 25, 2025 -33.29
Jan 24, 2025 30.17
Oct 25, 2024 23.00
Jul 26, 2024 17.63
Apr 26, 2024 3.27
Jan 26, 2024 -21.53
Oct 27, 2023 -20.27
Jul 28, 2023 -11.13
Apr 28, 2023 -30.31
Jan 27, 2023 10.75
Oct 28, 2022 16.59
Jul 29, 2022 14.17
Apr 29, 2022 -35.22
Jan 28, 2022 16.89
Oct 29, 2021 16.33
Jul 30, 2021 13.83