NTAP
NetApp, Inc. (NTAP)
Last Price$95.7(4.1%)
Market Cap$20.0B
LTM EBIT to Interest coverage
23.0x
5Y avg
17.0x
Computer Hardware industry median
(8.1x)
Stock quality & Intrinsic value
7/10
0.0% undervalued

NetApp, Inc. EBIT to Interest coverage

Annual
Quarterly
LTM
Industry median
Company stand-alone
NTAP
Technology
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Apr'05Apr'06Apr'07Apr'08Apr'09Apr'10Apr'11Apr'12Apr'13Apr'14Apr'15Apr'16Apr'17Apr'18Apr'19Apr'20Apr'21Apr'22Apr'23Apr'24
EBIT to Interest coverage
0.0x
0.0x
0.0x
0.0x
1.8x
6.6x
10.9x
10.0x
6.6x
20.3x
17.1x
7.1x
12.8x
18.1x
21.1x
17.2x
13.9x
15.8x
4.4x
19.0x
NTAP
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NetApp, Inc. (NTAP) EBIT to Interest coverage comparison analysis

NTAP key stats

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Apr'05Apr'06Apr'07Apr'08Apr'09Apr'10Apr'11Apr'12Apr'13Apr'14Apr'15Apr'16Apr'17Apr'18Apr'19Apr'20Apr'21Apr'22Apr'23Apr'24
% growth
1,598.1
36.6%
2,066.5
29.3%
2,804.3
35.7%
3,303.2
17.8%
3,406.4
3.1%
3,931.4
15.4%
5,122.6
30.3%
6,233.2
21.7%
6,332.4
1.6%
6,325.1
(0.1%)
6,122.7
(3.2%)
5,546.0
(9.4%)
5,519.0
(0.5%)
5,911.0
7.1%
6,146.0
4.0%
5,412.0
(11.9%)
5,744.0
6.1%
6,318.0
10.0%
6,362.0
0.7%
6,268.0
(1.5%)
Cost of Goods Sold (COGS)623.1810.01,099.81,289.81,416.51,412.21,793.92,519.82,571.32,406.02,289.52,173.02,129.02,212.02,201.01,789.01,929.02,098.02,153.01,835.0
% margin
975.0
61.0%
1,256.5
60.8%
1,704.5
60.8%
2,013.4
61.0%
1,989.9
58.4%
2,519.2
64.1%
3,328.7
65.0%
3,713.4
59.6%
3,761.1
59.4%
3,919.1
62.0%
3,833.2
62.6%
3,373.0
60.8%
3,390.0
61.4%
3,699.0
62.6%
3,945.0
64.2%
3,623.0
66.9%
3,815.0
66.4%
4,220.0
66.8%
4,209.0
66.2%
4,433.0
70.7%
Operating Expenses722.1943.31,403.31,699.31,888.32,068.22,496.92,957.13,151.63,096.53,116.72,960.02,683.02,792.02,762.02,695.02,882.03,017.03,050.03,165.0
Research & Development Expenses (R&D)171.0243.0385.4452.2498.5535.7648.6828.2904.2917.3919.3861.0779.0783.0827.0847.0881.0881.0956.01,029.0
Selling, General & Administrative Expenses (SG&A)551.1700.31,043.31,247.11,389.81,532.51,848.32,128.92,247.42,179.22,197.42,099.01,904.02,009.01,935.01,848.02,001.02,136.02,094.02,136.0
253.2
15.8%
308.3
14.9%
301.2
10.7%
313.6
9.5%
47.2
1.4%
488.4
12.4%
824.3
16.1%
746.5
12.0%
607.8
9.6%
734.3
11.6%
716.5
11.7%
348.0
6.3%
665.0
12.0%
1,125.0
19.0%
1,221.0
19.9%
945.0
17.5%
1,031.0
17.9%
1,157.0
18.3%
1,018.0
16.0%
1,214.0
19.4%
Interest Income24.20.00.00.057.631.239.938.242.234.936.646.044.079.088.048.09.07.069.0112.0
Interest Expense0.00.00.00.026.974.175.974.791.736.142.049.052.062.058.055.074.073.0234.064.0
Pre-tax Income276.2350.3359.7382.744.8447.0794.1712.4566.6740.7712.8345.0665.01,166.01,268.0944.0962.01,095.01,066.01,263.0
% effective tax rate
50.5
18.3%
83.8
23.9%
62.0
17.2%
73.0
19.1%
(41.7)
(93.1%)
46.6
10.4%
121.0
15.2%
107.0
15.0%
61.3
10.8%
103.2
13.9%
152.9
21.5%
116.0
33.6%
156.0
23.5%
1,090.0
93.5%
99.0
7.8%
125.0
13.2%
232.0
24.1%
158.0
14.4%
(208.0)
(19.5%)
277.0
21.9%
% margin
225.8
14.1%
266.5
12.9%
297.7
10.6%
309.7
9.4%
86.5
2.5%
400.4
10.2%
673.1
13.1%
605.4
9.7%
505.3
8.0%
637.5
10.1%
559.9
9.1%
229.0
4.1%
509.0
9.2%
76.0
1.3%
1,169.0
19.0%
819.0
15.1%
730.0
12.7%
937.0
14.8%
1,274.0
20.0%
986.0
15.7%
EPS0.630.720.800.880.201.181.871.661.401.871.770.781.850.284.603.563.294.205.874.74
Diluted EPS0.590.690.770.860.191.131.711.581.371.831.750.771.810.284.513.523.234.095.794.63
% margin
341.9
21.4%
395.0
19.1%
482.2
17.2%
534.9
16.2%
242.2
7.1%
687.1
17.5%
1,035.6
20.2%
1,080.2
17.3%
1,002.9
15.8%
1,110.9
17.6%
1,023.7
16.7%
662.0
11.9%
943.0
17.1%
1,459.0
24.7%
1,523.0
24.8%
1,243.0
23.0%
1,295.0
22.5%
1,364.0
21.6%
1,434.0
22.5%
1,582.0
25.2%

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FAQ

1) What is NetApp, Inc.'s EBIT to Interest coverage?

As of today, Microsoft Corp's last 12-month EBIT to Interest coverage is 23.0x, based on the financial report for Jan 24, 2025 (Q1’2025). The average annual EBIT to Interest coverage for NetApp, Inc. have been 17.6x over the past three years, and 17.8x over the past five years.

2) Is NetApp, Inc.'s EBIT to Interest coverage Good?

As of today, NetApp, Inc.'s EBIT to Interest coverage is 23.0x, which is higher than industry median of (8.1x). It indicates that NetApp, Inc.'s EBIT to Interest coverage is Good.

3) How does NetApp, Inc.'s EBIT to Interest coverage compare to its peers?

As of today, NetApp, Inc.'s EBIT to Interest coverage is 23.0x, which is higher than peer median of N/A. The list of peers includes PSTG, WDC, HPQ, RGTI, STX, SMCI, LOGI, DELL, IONQ, ANET.