NetApp

NTAP Enterprise IT & Services 4/10 Medium Risk
4/10
Sector avg: 3.6/10

NetApp carries $3.2B in long-term debt, with $3.2B in scheduled principal maturities. NTAP shows an elevated debt-to-equity ratio of 3.1x and a strong cash position ($2.7B) that could cover most of its debt obligations. DebtCanary scores NTAP at 4/10, indicating moderate refinancing pressure.

Maturity Schedule

Year 1 $750M Year 2 $0 Year 3 $0 Year 4 $0 Year 5 $0 Beyond 5 $2.5B
Period Amount Due % of Total
Year 1 (0-12 months) $750M 23.2%
Year 2 (12-24 months) N/A N/A
Year 3 (24-36 months) N/A N/A
Year 4 (36-48 months) N/A N/A
Year 5 (48-60 months) N/A N/A
Beyond 5 Years $2.5B 76.8%
Total Scheduled Maturities $3.2B 100.0%

Key Metrics

Total Long-Term Debt
$3.2B
Near-Term (12mo)
$750M
Interest Coverage
20.9x
Debt/Equity
3.11
Cash Coverage
3.66x
Operating Income
$1.3B
EBITDA
$1.5B
Debt / EBITDA
2.1x
EBITDA / Interest
24.0x

Score Components

Component Value Weight
Near-Term Maturity Concentration 23.2% 30%
Interest Coverage Ratio 20.9x 25%
Debt-to-Equity Ratio 3.11 25%
Cash Coverage of Near-Term Debt 3.66x 20%

Related Companies

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Everpure
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Western Digital
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Seagate Technology
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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2025-04-25. Filing date: 2025-06-09. Data last fetched: 2026-03-29. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.
View SEC EDGAR filings for NetApp →