NetApp Interest Coverage Trend from 2010 to 2023

NTAP Stock  USD 65.54  0.25  0.38%   
NetApp Interest Coverage yearly trend continues to be very stable with very little volatility. Interest Coverage is likely to grow to 13.82 this year. During the period from 2010 to 2023, NetApp Interest Coverage quarterly data regression pattern had sample variance of 2,937 and median of  129.57. NetApp Research and Development Expense is very stable at the moment as compared to the past year. NetApp reported last year Research and Development Expense of 616.05 Million. As of 28th of January 2023, Selling General and Administrative Expense is likely to grow to about 2.1 B, while Operating Income is likely to drop about 786.5 M.
  
Check NetApp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NetApp main balance sheet or income statement drivers, such as Direct Expenses of 1.9 B, Consolidated Income of 568.5 M or Cost of Revenue of 2.1 B, as well as many exotic indicators such as Interest Coverage of 13.82, Long Term Debt to Equity of 4.14 or Calculated Tax Rate of 22.31. NetApp financial statements analysis is a perfect complement when working with NetApp Valuation or Volatility modules. It can also supplement NetApp's financial leverage analysis and stock options assessment as well as various NetApp Technical models . Additionally, see the analysis of NetApp Correlation against competitors.

NetApp Interest Coverage Breakdown

Showing smoothed Interest Coverage of NetApp Inc with missing and latest data points interpolated. NetApp's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NetApp's overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Down
Slightly volatile
   Interest Coverage   
       Timeline  

NetApp Interest Coverage Regression Statistics

Arithmetic Mean98.12
Geometric Mean71.19
Coefficient Of Variation55.24
Mean Deviation47.16
Median129.57
Standard Deviation54.20
Sample Variance2,937
Range119.22
R-Value(0.80)
Mean Square Error1,146
R-Squared0.64
Significance0.00059395
Slope(10.36)
Total Sum of Squares38,183

NetApp Interest Coverage History

2015 129.57
2020 17.53
2022 13.46
2023 13.82

About NetApp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include NetApp income statement, its balance sheet, and the statement of cash flows. NetApp investors use historical funamental indicators, such as NetApp's Interest Coverage, to determine how well the company is positioned to perform in the future. Although NetApp investors may use each financial statement separately, they are all related. The changes in NetApp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NetApp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on NetApp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in NetApp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Interest Coverage 13.46  13.82 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.2 B1.1 B

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Additionally, see the analysis of NetApp Correlation against competitors. Note that the NetApp Inc information on this page should be used as a complementary analysis to other NetApp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

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Is NetApp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NetApp. If investors know NetApp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NetApp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.48
Market Capitalization
14.1 B
Quarterly Revenue Growth
0.062
Return On Assets
0.0791
Return On Equity
1.5043
The market value of NetApp Inc is measured differently than its book value, which is the value of NetApp that is recorded on the company's balance sheet. Investors also form their own opinion of NetApp's value that differs from its market value or its book value, called intrinsic value, which is NetApp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NetApp's market value can be influenced by many factors that don't directly affect NetApp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NetApp's value and its price as these two are different measures arrived at by different means. Investors typically determine NetApp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NetApp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.