NetApp, Inc. (NTAP) Debt to Equity Ratio: 2.02
Is NetApp, Inc.’s debt to equity ratio high or low?
NetApp, Inc.'s debt to equity ratio of 2.02 is 31% below its 5-year average of 2.92, near the low end of its 5-year range (2.02–4.02).
The debt to equity ratio for NetApp, Inc. (NTAP) is 2.02 as of Tuesday, June 9, 2026. It is below its 12-month average by 24.91% (2.69).
NTAP Debt to Equity Ratio Chart
NTAP Average Debt to Equity Ratio Chart
NTAP Current vs Average Debt to Equity Ratio Chart
NTAP Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
2.02
DEBT TO EQUITY RATIO AVG TTM
2.69
DEBT TO EQUITY RATIO AVG 3Y
2.50
DEBT TO EQUITY RATIO AVG 5Y
2.92
DEBT TO EQUITY RATIO AVG 10Y
2.65
DEBT TO EQUITY RATIO AVG 15Y
1.93
DEBT TO EQUITY RATIO AVG 20Y
1.54
CURRENT VS TTM AVG
-24.91%
CURRENT VS 3Y AVG
-19.28%
CURRENT VS 5Y AVG
-30.90%
CURRENT VS 10Y AVG
-23.85%
CURRENT VS 15Y AVG
+4.46%
CURRENT VS 20Y AVG
+30.76%
NTAP Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NetApp, Inc. (NTAP) | — | 2.02 | 2.69 | 2.50 | 2.92 |
| ANSYS, Inc. (ANSS) | $32.91B | 0.14 | 0.15 | 0.15 | 0.15 |
| Twilio Inc. (TWLO) | $31.07B | 0.14 | 0.14 | 0.13 | 0.12 |
| Roblox Corporation (RBLX) | $30.79B | 4.15 | 6.15 | 10.13 | 7.10 |
| Fiserv, Inc. (FISV) | $28.81B | 1.13 | 1.02 | 0.88 | 0.81 |
| Workday, Inc. (WDAY) | $36.73B | 0.49 | 0.43 | 0.46 | 0.50 |
| Zoom Communications, Inc. (ZM) | $28.39B | 0.01 | 0.01 | 0.01 | 0.02 |
| MongoDB, Inc. (MDB) | $27.37B | 0.01 | 0.01 | 0.68 | 0.90 |
| Splunk Inc. (SPLK) | $26.44B | 4.40 | 4.40 | 7.05 | 4.64 |
| VeriSign, Inc. (VRSN) | $25.83B | -0.83 | 0.95 | 6.90 | 4.62 |
Financial Health
Debt/Equity
2.02
Current Ratio
1.44
NetApp, Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
NetApp, Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for NetApp, Inc. (NTAP)?
- The debt to equity ratio for NTAP stock is 2.02.
- Is NetApp, Inc.'s debt to equity ratio high or low?
- NetApp, Inc.'s debt to equity ratio of 2.02 is 31% below its 5-year average of 2.92, near the low end of its 5-year range (2.02–4.02).
- What is the TTM average debt to equity ratio for NetApp, Inc. (NTAP)?
- The TTM average debt to equity ratio for NTAP stock is 2.69.
- What is the 3Y average debt to equity ratio for NetApp, Inc. (NTAP)?
- The 3Y average debt to equity ratio for NTAP stock is 2.50.
- What is the 5Y average debt to equity ratio for NetApp, Inc. (NTAP)?
- The 5Y average debt to equity ratio for NTAP stock is 2.92.
- What is the 10Y average debt to equity ratio for NetApp, Inc. (NTAP)?
- The 10Y average debt to equity ratio for NTAP stock is 2.65.
- What is the 15Y average debt to equity ratio for NetApp, Inc. (NTAP)?
- The 15Y average debt to equity ratio for NTAP stock is 1.93.
- What is the 20Y average debt to equity ratio for NetApp, Inc. (NTAP)?
- The 20Y average debt to equity ratio for NTAP stock is 1.54.
NetApp, Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-04-24 | 2.02 |
| 2025-04-30 | 3.36 |
| 2024-04-30 | 2.31 |
| 2023-04-30 | 2.32 |
| 2022-04-30 | 3.51 |
| 2021-04-30 | 4.02 |
| 2020-04-30 | 7.49 |
| 2019-04-30 | 1.64 |
| 2018-04-30 | 0.93 |
| 2017-04-30 | 0.76 |
| 2016-04-30 | 0.82 |
| 2015-04-30 | 0.44 |
| 2014-04-30 | 0.26 |
| 2013-04-30 | 0.48 |
| 2012-04-30 | 0.28 |
| 2011-04-30 | 0.30 |
| 2010-04-30 | 0.44 |
| 2009-04-30 | 0.76 |
| 2008-04-30 | 0.10 |
| 2007-04-30 | 0.04 |
| 2006-04-30 | 0.16 |
| 2005-04-30 | 0.00 |
| 2004-04-30 | 0.00 |
| 2003-04-30 | 0.00 |
| 2002-04-30 | 0.00 |
| 2001-04-30 | 0.00 |
| 2000-04-30 | 0.00 |
| 1999-04-30 | 0.00 |
| 1998-04-30 | 0.00 |
| 1997-04-30 | 0.00 |
Related Metrics
About NetApp, Inc.
NetApp, Inc. is a technology company focused on providing cloud-centric and data-driven services that enable businesses worldwide to efficiently manage and share their information across on-premises infrastructure, private cloud setups, and public cloud platforms. The company's operations are divided into two key segments: Hybrid Cloud and Public Cloud. NetApp offers an extensive suite of intelligent data management software, including its foundational NetApp ONTAP, NetApp Snapshot for data protection, NetApp SnapCenter for backup management, NetApp SnapMirror for data replication, NetApp SnapLock for data compliance, NetApp ElementOS software, and NetApp SANtricity software. Its storage infrastructure solutions comprise the NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp FlexPod integrated systems, NetApp E/EF series, NetApp StorageGRID object storage, and NetApp SolidFire solutions. For cloud environments, NetApp delivers a wide array of cloud storage and data services such as NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, and NetApp Cloud Volumes Service for Google Cloud. These are augmented by services like NetApp Cloud Sync, NetApp Cloud Tiering, NetApp Cloud Backup, NetApp Cloud Data Sense for analytics, and NetApp Cloud Volumes Edge Cache. The company also provides cloud operations services, which include NetApp Cloud Insights, the Spot Ocean Kubernetes Suite, Spot Security, Spot Eco for cost optimization, and Spot CloudCheckr. Moreover, NetApp offers application-aware data management solutions under its NetApp Astra brand. Its service portfolio is rounded out by comprehensive professional and support services, encompassing strategic consulting, managed services, and dedicated support, in addition to assessment, design, implementation, and migration services. NetApp serves a broad spectrum of industries globally, including energy, financial services, government, technology, internet, life sciences, healthcare, manufacturing, media, entertainment, animation, video post-production, and telecommunications. The company reaches its clientele through a direct sales force and a robust network of partners. NetApp, Inc. was founded in 1992 and is headquartered in San Jose, California.
- Sector
- Technology
- Industry
- Computer Hardware
- CEO
- George Kurian