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NetApp, Inc. (NTAP) Interest Coverage Ratio: 20.93x

The interest coverage ratio for NetApp, Inc. (NTAP) is 20.93x as of Thursday, June 18, 2026.

NTAP Interest Coverage Ratio Metrics

INTEREST COVERAGE RATIO

20.93x

NTAP Competitors' Interest Coverage Ratio

NAMEMARKET CAPINTEREST COVERAGE RATIOTTM3Y5Y
NetApp, Inc. (NTAP)$30.33B20.93xN/AN/AN/A
Tower Semiconductor Ltd. (TSEM)vs ›$30.26BN/A77.90x56.21x39.63x
Twilio Inc. (TWLO)vs ›$28.91BN/AN/AN/AN/A
Teledyne Technologies Incorporated (TDY)vs ›$28.51B19.29x18.18x15.16x16.48x
Everpure, Inc (PSTG)vs ›$28.49B15.64x13.28x12.82x12.82x
ANSYS, Inc. (ANSS)vs ›$32.91B15.00x14.14x23.94x48.29x
Workday, Inc. (WDAY)vs ›$33.02B8.98x6.31x4.74x4.74x
Fiserv, Inc. (FISV)vs ›$27.36B3.72x4.24x4.62x4.06x
MongoDB, Inc. (MDB)vs ›$27.28B-43.79xN/AN/AN/A
Ubiquiti Inc. (UI)vs ›$34.06B27.30x16.97x17.31x22.67x

Financial Health Indicators

Interest Coverage

20.9x

Debt/Equity

2.02

Current Ratio

1.44

Formula: Interest Coverage = EBIT / Interest Expense

Reference ranges:

  • < 1.5x: EBIT is less than 1.5 times interest expense
  • 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
  • 3x - 5x: EBIT is between 3 and 5 times interest expense
  • > 5x: EBIT is more than 5 times interest expense

Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.

NetApp, Inc. Interest Coverage Ratio Formula & Definition

Interest Coverage = EBIT / Interest Expense

The interest coverage ratio measures operating earnings relative to interest expense.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

NetApp, Inc. Interest Coverage Ratio FAQ

What is the interest coverage ratio for NetApp, Inc. (NTAP)?
The interest coverage ratio for NTAP stock is 20.93x.

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.

San Jose, CA
11,800 employees
Technology / Computer Hardware
Sector
Technology
Industry
Computer Hardware
CEO
George Kurian