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NetApp, Inc. NTAP

Technology  —  Software Infrastructure
201.15 3.91 1.98% as of 25 Sep
Market cap
$38.8B
P/E
28.0×
S&P 500 Member Dividend Champion (10y)
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

NetApp, Inc. (NTAP) Debt to equity

NetApp, Inc.'s debt to equity at the end of the quarter to 31 July 2026 was 1.7×, down 0.2× from fiscal 2026 (1.8×). Over the past ten years it has ranged from 0.4× (fiscal 2015) to 7.1× (fiscal 2020); the current reading is higher than 50% of that period. That is above the Software Infrastructure industry median of 0.1× and above the Technology sector median of 0.1×.

Debt to equity, annual

Annual

Period Debt to equity Change
FY2026 1.8× (40.82%)
FY2025 3.1× 49.03%
FY2024 2.1× (0.69%)
FY2023 2.1× (33.18%)
FY2022 3.1× (19.63%)
FY2021 3.9× (44.90%)
FY2020 7.1× 401.47%
FY2019 1.4× 67.40%
FY2018 0.8× 57.55%
FY2017 0.5× (33.85%)

Quarterly

Period Debt to equity Change
Jul 2026 1.7× (9.60%)
Apr 2026 1.8× (14.25%)
Jan 2026 2.1× (14.85%)
Oct 2025 2.5× (1.08%)
43 more quarters

Against its own ten years

Low 0.4× High 7.1×
Ten-year median 2.0×
Current reading's percentile 50

Debt to equity against peers

Company Debt to equity
VRSN VeriSign, Inc. compare −1.0×
OKTA Okta, Inc. compare 0.0×
MDB MongoDB, Inc. compare 0.0×
TWLO Twilio Inc. compare 0.1×
XYZ Block, Inc. compare 0.3×
ZS Zscaler, Inc. compare 0.7×
NTAP NetApp, Inc. 1.7×
CPAY Corpay, Inc. compare 1.7×
CRWV CoreWeave Inc. compare 7.0×
Software Infrastructure industry median 0.1×
Technology sector median 0.1×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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