NetApp

NTAP Enterprise IT & Services 2/10 Low Risk
2/10
↓ 4 → 2 over 15 weeks
Sector avg: 3.0/10
▼
Risk Score Decreased
3/10 → 2/10

Score changed by 1 point as of 2026-06-12.

What changed
▼ Interest coverage: 20.9x → 26.2x (improved)
▼ Debt-to-equity: 2.15 → 1.84 (improved)

NetApp carries $2.5B in long-term debt, with $2.5B in scheduled principal maturities. NTAP shows a strong cash position ($2.1B) that could cover most of its debt obligations. DebtCanary scores NTAP at 2/10, suggesting manageable refinancing risk.

Maturity Schedule

As of 2026-04-24 (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
26.2x
Debt/Equity
1.84
Cash Coverage
N/A
Operating Income
$1.7B
EBITDA
$1.9B
Debt / EBITDA
1.3x
EBITDA / Interest
29.0x

Score Components

Component Value Weight
Near-Term Maturity Concentration 0.0% 30%
Interest Coverage Ratio 26.2x 25%
Debt-to-Equity Ratio 1.84 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
2026-06-05 10-K Annual report
2026-05-28 8-K Earnings Results, Other Events
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

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-04-24. Filing date: 2026-06-05. Data last fetched: 2026-06-12. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Partial.
View SEC EDGAR filings for NetApp →