NetApp, Inc.

NTAP Enterprise IT & Services 5/10 Medium Risk
5/10

NetApp, Inc. has $2.4B in total long-term debt with $3.5B in scheduled maturities. Approximately $1.3B (36% of maturities) is due within the next twelve months, and operating income covers interest expense 13.9x. Overall, NTAP carries moderate refinancing risk (score 5/10).

Maturity Schedule

Year 1 $1.3B Year 2 $0 Year 3 $0 Year 4 $750M Year 5 $750M Beyond 5 $750M
Period Amount Due % of Total
Year 1 (0-12 months) $1.3B 36.0%
Year 2 (12-24 months) $0 0.0%
Year 3 (24-36 months) $0 0.0%
Year 4 (36-48 months) $750M 21.3%
Year 5 (48-60 months) $750M 21.3%
Beyond 5 Years $750M 21.3%
Total Scheduled Maturities $3.5B 100.0%

Key Metrics

Total Long-Term Debt
$2.4B
Near-Term (12mo)
$1.3B
Interest Coverage
13.9x
Debt/Equity
2.85
Cash Coverage
1.50x
Operating Income
$1.0B

Score Components

Component Value Weight
Near-Term Maturity Concentration 36.0% 30%
Interest Coverage Ratio 13.95x 25%
Debt-to-Equity Ratio 2.85 25%
Cash Coverage of Near-Term Debt 1.50x 20%

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Most recent filing date: 2025-06-09. Data last fetched: 2026-03-15. Maturity schedules reflect the company's most recently reported debt repayment obligations. Data quality: Complete.