NetApp, Inc. NTAP
201.15
3.91
1.98%
as of 25 Sep
- Market cap
- $38.8B
- P/E
- 28.0×
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NetApp, Inc. (NTAP) Current ratio
NetApp, Inc.'s current ratio at the end of the quarter to 31 July 2026 was 1.2×, down 0.2× from fiscal 2026 (1.4×). Over the past ten years it has ranged from 1.2× (fiscal 2020) to 2.5× (fiscal 2015); the current reading is higher than 42% of that period. That is below the Software Infrastructure industry median of 1.6× and below the Technology sector median of 1.9×.
Current ratio, annual
Annual
| Period | Current ratio | Change |
|---|---|---|
| FY2026 | 1.4× | 14.46% |
| FY2025 | 1.3× | 5.23% |
| FY2024 | 1.2× | (11.65%) |
| FY2023 | 1.3× | (10.24%) |
| FY2022 | 1.5× | (13.49%) |
| FY2021 | 1.7× | 47.07% |
| FY2020 | 1.2× | (18.52%) |
| FY2019 | 1.5× | (26.32%) |
| FY2018 | 2.0× | 30.94% |
| FY2017 | 1.5× | (14.61%) |
Quarterly
| Period | Current ratio | Change |
|---|---|---|
| Jul 2026 | 1.2× | (13.56%) |
| Apr 2026 | 1.4× | 3.34% |
| Jan 2026 | 1.4× | 3.65% |
| Oct 2025 | 1.3× | 2.12% |
| 43 more quarters | Free account |
Against its own ten years
Low 1.2×
High 2.5×
Ten-year median
1.5×
Current reading's percentile
42
Current ratio against peers
| Company | Current ratio |
|---|---|
| MDB MongoDB, Inc. compare | 4.9× |
| TWLO Twilio Inc. compare | 4.6× |
| XYZ Block, Inc. compare | 2.2× |
| ZS Zscaler, Inc. compare | 1.7× |
| OKTA Okta, Inc. compare | 1.5× |
| NTAP NetApp, Inc. | 1.2× |
| CPAY Corpay, Inc. compare | 1.0× |
| VRSN VeriSign, Inc. compare | 0.6× |
| CRWV CoreWeave Inc. compare | 0.5× |
| Software Infrastructure industry median | 1.6× |
| Technology sector median | 1.9× |
| Market median | 1.6× |
What Current ratio is
Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.
Current Assets (Total) ÷ Current Liabilities (Total)
More on NTAP
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- Price to free cash flow
- EV/EBITDA
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