NetApp

NTAP Enterprise IT & Services 3/10 Low Risk
3/10
— 4 → 3 over 12 weeks
Sector avg: 3.3/10
▼
Risk Score Decreased
4/10 → 3/10

Risk level moved from Medium Risk to Low Risk. Score changed by 1 point as of 2026-05-25.

What changed
▼ Near-term maturity concentration: 23.2% → 0.0% (improved)

NetApp carries $2.5B in long-term debt, with $2.5B in scheduled principal maturities. DebtCanary scores NTAP at 3/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2026-01-23 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.
Year 1 $0 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) $0 0.0%
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 100.0%
Total Scheduled Maturities $2.5B 100.0%

Key Metrics

Total Long-Term Debt
$2.5B
Near-Term (12mo)
$0
Interest Coverage
20.9x
Debt/Equity
2.15
Cash Coverage
N/A
Operating Income
$1.3B
EBITDA
$1.5B
Debt / EBITDA
1.6x
EBITDA / Interest
24.0x

Score Components

Component Value Weight
Near-Term Maturity Concentration 0.0% 30%
Interest Coverage Ratio 20.9x 25%
Debt-to-Equity Ratio 2.15 25%
Cash Coverage of Near-Term Debt N/A 20%

Recent SEC Filings

Material disclosures from NetApp's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date Form Details
2026-02-26 10-Q Quarterly report
2026-02-26 8-K Earnings Results
2026-01-12 8-K Officer / Director Change, Reg FD Disclosure
2025-11-25 10-Q Quarterly report
2025-11-25 8-K Earnings Results
2025-09-15 8-K Officer / Director Change, Shareholder Vote
2025-08-27 10-Q Quarterly report
2025-08-27 8-K Earnings Results

Related Companies

International Business Machines
IBM
4/10
Debt: N/A 12mo: $6.7B
Hewlett Packard Enterprise
HPE
4/10
Debt: $21.7B 12mo: $3.8B
Dell Technologies
DELL
4/10
Debt: $31.5B 12mo: $8.0B
Cisco Systems
CSCO
2/10
Debt: $22.9B 12mo: $3.5B
HP
HPQ
2/10
Debt: $9.7B 12mo: $847M
Everpure
PSTG
1/10
Debt: N/A 12mo: $0
Western Digital
WDC
5/10
Debt: $1.6B 12mo: $2.2B
Seagate Technology
STX
3/10
Debt: $964M 12mo: N/A

Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-01-23. Filing date: 2026-02-26. Data last fetched: 2026-05-25. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for NetApp →