Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 25.44% is 11% below its 5-year average of 28.59%, near the low end of its 5-year range (24.99%–32.26%).
As of the fiscal period ended Friday, April 24, 2026. 10.38% below its 12-month average of 28.38%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
25.44%
DEBT TO ASSETS RATIO AVG TTM
28.38%
DEBT TO ASSETS RATIO AVG 3Y
27.40%
DEBT TO ASSETS RATIO AVG 5Y
28.59%
DEBT TO ASSETS RATIO AVG 10Y
26.30%
DEBT TO ASSETS RATIO AVG 15Y
22.49%
DEBT TO ASSETS RATIO AVG 20Y
20.44%
CURRENT VS TTM AVG
-10.38%
CURRENT VS 3Y AVG
-7.16%
CURRENT VS 5Y AVG
-11.02%
CURRENT VS 10Y AVG
-3.27%
CURRENT VS 15Y AVG
+13.09%
CURRENT VS 20Y AVG
+24.42%
SECTOR MEDIAN · TECHNOLOGY
0.19%
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
+13288.13%
vs the sector median at left
NetApp, Inc.
Market Cap
$32.86B
Debt to Assets Ratio
25.44%
TTM Avg
28.38%
3Y Avg
27.40%
5Y Avg
28.59%
Market Cap
$33.79B
Debt to Assets Ratio
0.28%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$30.36B
Debt to Assets Ratio
0.17%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NetApp, Inc. (NTAP) | $32.86B | 25.44% | 28.38% | 27.40% | 28.59% |
| ANSYS, Inc. (ANSS)vs › | $32.91B | 0.10% | N/A | N/A | N/A |
| Jabil Inc. (JBL)vs › | $32.76B | 0.18% | N/A | N/A | N/A |
| ON Semiconductor Corporation (ON)vs › | $33.79B | 0.28% | N/A | N/A | N/A |
| Ubiquiti Inc. (UI)vs › | $31.82B | 0.20% | N/A | N/A | N/A |
| Roblox Corporation (RBLX)vs › | $34.04B | 0.19% | N/A | N/A | N/A |
| Celestica Inc. (CLS)vs › | $35.10B | 0.13% | N/A | N/A | N/A |
| Teledyne Technologies Incorporated (TDY)vs › | $30.36B | 0.17% | N/A | N/A | N/A |
| Workday, Inc. (WDAY)vs › | $35.45B | 0.21% | N/A | N/A | N/A |
| Veeva Systems Inc. (VEEV)vs › | $30.25B | 0.01% | N/A | N/A | N/A |
Debt/Assets
25.4%
Debt/Equity
2.02
Current Ratio
1.44
Interest Coverage
20.9x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-04-24 | 25.44% |
| 2026-01-23 | 27.42% |
| 2025-10-24 | 28.44% |
| 2025-07-25 | 28.36% |
| 2025-04-30 | 32.26% |
| 2025-01-24 | 25.03% |
| 2024-10-25 | 24.99% |
| 2024-07-26 | 28.44% |
| 2024-04-30 | 26.82% |
| 2024-01-26 | 28.35% |
| 2023-10-27 | 29.34% |
| 2023-07-28 | 28.82% |
| 2023-04-30 | 27.34% |
| 2023-01-27 | 27.70% |
| 2022-10-28 | 27.56% |
| 2022-07-29 | 31.07% |
| 2022-04-30 | 29.32% |
| 2022-01-28 | 31.07% |
| 2021-10-29 | 31.52% |
| 2021-07-30 | 31.64% |
| 2021-04-30 | 29.40% |
| 2021-01-29 | 31.75% |
| 2020-10-30 | 32.86% |
| 2020-07-31 | 34.72% |
| 2020-04-30 | 24.09% |
| 2020-01-24 | 26.57% |
| 2019-10-25 | 24.01% |
| 2019-07-26 | 22.10% |
| 2019-04-30 | 20.51% |
| 2019-01-25 | 20.27% |
| 2018-10-26 | 20.96% |
| 2018-07-27 | 19.56% |
| 2018-04-30 | 19.52% |
| 2018-01-26 | 22.19% |
| 2017-10-27 | 30.44% |
| 2017-07-28 | 26.23% |
| 2017-04-30 | 22.36% |
| 2017-01-27 | 22.24% |
| 2016-10-28 | 17.03% |
| 2016-07-29 | 16.97% |
| 2016-04-30 | 23.49% |
| 2016-01-29 | 16.96% |
| 2015-10-30 | 17.24% |
| 2015-07-31 | 17.11% |
| 2015-04-30 | 15.82% |
| 2015-01-23 | 16.19% |
| 2014-10-24 | 16.28% |
| 2014-07-25 | 15.77% |
| 2014-04-30 | 10.74% |
| 2014-01-24 | 11.06% |
| 2013-10-25 | 10.82% |
| 2013-07-26 | 11.03% |
| 2013-04-30 | 20.03% |
| 2013-01-25 | 20.59% |
| 2012-10-26 | 12.87% |
| 2012-07-27 | 12.93% |
| 2012-04-30 | 12.61% |
| 2012-01-27 | 13.48% |
| 2011-10-28 | 13.83% |
| 2011-07-29 | 14.98% |
| 2011-04-30 | 13.54% |
| 2011-01-28 | 14.65% |
| 2010-10-29 | 15.55% |
| 2010-07-30 | 16.75% |
| 2010-04-30 | 16.96% |
| 2010-01-29 | 20.60% |
| 2009-10-30 | 19.37% |
| 2009-07-31 | 20.07% |
| 2009-04-30 | 23.11% |
| 2009-01-23 | 27.57% |
| 2008-10-24 | 26.20% |
| 2008-07-25 | 30.94% |
| 2008-04-30 | 4.24% |
| 2008-01-25 | 7.38% |
| 2007-10-26 | 8.37% |
| 2007-07-27 | 1.94% |
| 2007-04-30 | 2.33% |
| 2007-01-26 | 4.33% |
| 2006-10-27 | 5.83% |
| 2006-07-28 | 8.56% |
| 2006-04-30 | 9.20% |
| 2006-01-27 | 0.12% |
| 2005-10-28 | 0.13% |
| 2005-07-29 | 0.14% |
| 2005-04-30 | 0.19% |
| 2005-01-28 | 0.20% |
| 2004-10-29 | 0.23% |
| 2004-07-30 | 0.25% |
| 2004-04-30 | 0.26% |
| 2004-01-30 | 0.00% |
| 2003-10-31 | 0.33% |
| 2003-08-01 | 0.24% |
| 2003-04-30 | 0.00% |
| 2003-01-24 | 0.26% |
| 2002-10-25 | 0.30% |
| 2002-07-26 | 0.32% |
