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| Date | Value |
|---|---|
| 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 |