NetApp Debt Non Current vs Inventories Analysis

NTAP Stock  USD 105.22  0.50  0.48%   
Trend analysis of NetApp Inc balance sheet accounts such as Total Current Liabilities of 2.1 B provides information on NetApp's total assets, liabilities, and equity, which is the actual value of NetApp Inc to its prevalent stockholders. By breaking down trends over time using NetApp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.

About NetApp Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of NetApp Inc at a specified time, usually calculated after every quarter, six months, or one year. NetApp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of NetApp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which NetApp currently owns. An asset can also be divided into two categories, current and non-current.

NetApp Balance Sheet Chart

NetApp Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how NetApp Inc uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, NetApp's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 03/28/2024, Short Term Investments is likely to grow to about 1.3 B, while Property Plant And Equipment Net is likely to drop slightly above 637.6 M.

Total Assets

Total assets refers to the total amount of NetApp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in NetApp Inc books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on NetApp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of NetApp Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.
Most indicators from NetApp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetApp Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
As of 03/28/2024, Selling General Administrative is likely to drop to about 215.5 M. In addition to that, Tax Provision is likely to grow to about (177.8 M)
 2021 2022 2023 2024 (projected)
Gross Profit4.2B4.2B4.8B2.4B
Total Revenue6.3B6.4B7.3B3.9B

NetApp fundamental ratios Correlations

0.620.60.910.470.740.64-0.450.260.590.740.490.190.820.80.170.420.470.630.610.640.90.370.470.280.19
0.620.880.64-0.070.160.890.21-0.020.560.230.860.710.320.61-0.4-0.160.890.720.550.940.41-0.1-0.130.19-0.41
0.60.880.76-0.10.180.810.150.080.680.240.770.570.310.71-0.34-0.150.770.710.430.890.410.07-0.150.02-0.53
0.910.640.760.230.580.63-0.320.180.730.610.480.20.670.87-0.010.220.470.640.420.670.770.440.240.24-0.12
0.47-0.07-0.10.230.86-0.04-0.820.64-0.290.78-0.08-0.290.79-0.020.910.95-0.290.160.5-0.110.710.70.990.140.71
0.740.160.180.580.860.29-0.770.50.090.830.16-0.120.870.410.720.830.00.410.630.210.870.660.860.170.64
0.640.890.810.63-0.040.290.21-0.140.60.180.940.770.280.72-0.36-0.110.940.840.720.980.41-0.2-0.110.16-0.18
-0.450.210.15-0.32-0.82-0.770.21-0.460.02-0.90.410.66-0.85-0.11-0.86-0.840.420.07-0.180.23-0.77-0.74-0.87-0.2-0.67
0.26-0.020.080.180.640.5-0.14-0.46-0.280.44-0.09-0.250.46-0.050.650.55-0.290.150.31-0.130.410.60.62-0.430.27
0.590.560.680.73-0.290.090.60.02-0.280.230.420.20.270.88-0.42-0.220.620.520.20.680.4-0.1-0.270.21-0.31
0.740.230.240.610.780.830.18-0.90.440.23-0.04-0.350.990.390.670.76-0.030.240.410.180.950.690.810.290.48
0.490.860.770.48-0.080.160.940.41-0.090.42-0.040.910.090.54-0.42-0.160.90.820.680.910.21-0.25-0.170.09-0.3
0.190.710.570.2-0.29-0.120.770.66-0.250.2-0.350.91-0.220.27-0.59-0.330.810.580.480.74-0.13-0.44-0.380.12-0.43
0.820.320.310.670.790.870.28-0.850.460.270.990.09-0.220.450.630.760.070.340.510.280.980.650.810.30.46
0.80.610.710.87-0.020.410.72-0.11-0.050.880.390.540.270.45-0.21-0.020.640.660.430.740.610.05-0.010.1-0.08
0.17-0.4-0.34-0.010.910.72-0.36-0.860.65-0.420.67-0.42-0.590.63-0.210.9-0.59-0.120.22-0.420.520.710.92-0.030.74
0.42-0.16-0.150.220.950.83-0.11-0.840.55-0.220.76-0.16-0.330.76-0.020.9-0.360.080.41-0.170.680.730.950.30.67
0.470.890.770.47-0.290.00.940.42-0.290.62-0.030.90.810.070.64-0.59-0.360.710.550.950.2-0.46-0.360.12-0.35
0.630.720.710.640.160.410.840.070.150.520.240.820.580.340.66-0.120.080.710.80.820.460.060.090.07-0.04
0.610.550.430.420.50.630.72-0.180.310.20.410.680.480.510.430.220.410.550.80.630.570.080.420.020.39
0.640.940.890.67-0.110.210.980.23-0.130.680.180.910.740.280.74-0.42-0.170.950.820.630.4-0.19-0.180.16-0.32
0.90.410.410.770.710.870.41-0.770.410.40.950.21-0.130.980.610.520.680.20.460.570.40.590.730.280.42
0.37-0.10.070.440.70.66-0.2-0.740.6-0.10.69-0.25-0.440.650.050.710.73-0.460.060.08-0.190.590.740.150.24
0.47-0.13-0.150.240.990.86-0.11-0.870.62-0.270.81-0.17-0.380.81-0.010.920.95-0.360.090.42-0.180.730.740.160.72
0.280.190.020.240.140.170.16-0.2-0.430.210.290.090.120.30.1-0.030.30.120.070.020.160.280.150.160.0
0.19-0.41-0.53-0.120.710.64-0.18-0.670.27-0.310.48-0.3-0.430.46-0.080.740.67-0.35-0.040.39-0.320.420.240.720.0
Click cells to compare fundamentals

NetApp Account Relationship Matchups

NetApp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets7.5B9.4B10.0B9.8B11.3B6.1B
Short Long Term Debt Total1.7B2.6B2.6B2.4B2.7B2.9B
Other Current Liab774M921M925M810M931.5M978.1M
Total Current Liabilities3.6B3.5B4.0B3.5B4.0B2.1B
Total Stockholder Equity242M685M838M1.2B1.3B1.9B
Property Plant And Equipment Net727M525M602M650M747.5M637.6M
Current Deferred Revenue1.9B2.1B2.2B2.2B2.6B2.7B
Net Debt(1.2B)(2.0B)(1.5B)73M65.7M69.0M
Accounts Payable426M420M607M392M450.8M233.6M
Cash2.9B4.6B4.1B2.3B2.7B2.6B
Non Current Assets Total3.2B3.4B4.1B5.1B5.9B6.2B
Non Currrent Assets Other699M694M526M1.5B1.8B1.9B
Cash And Short Term Investments2.9B4.6B4.1B3.1B3.5B3.0B
Net Receivables973M945M1.2B987M1.1B613.5M
Common Stock Shares Outstanding233M226M229M220M198M255.4M
Short Term Investments224M67M22M754M867.1M1.3B
Liabilities And Stockholders Equity7.5B9.4B10.0B9.8B11.3B6.1B
Non Current Liabilities Total3.7B5.2B5.2B5.2B6.0B6.3B
Inventory145M114M204M167M192.1M201.7M
Other Current Assets274M346M377M456M524.4M616.8M
Total Liab7.3B8.7B9.2B8.7B10.0B10.5B
Total Current Assets4.3B6.0B5.9B4.7B5.4B4.0B
Accumulated Other Comprehensive Income(42M)(30M)(44M)(51M)(45.9M)(43.6M)
Short Term Debt522M49M250M47M54.1M51.3M
Common Stock242M685M760M945M1.1B1.1B
Common Stock Total Equity284M504M760M945M1.1B750.9M
Other Stockholder Equity42M(181M)(44M)(51M)(58.7M)(55.7M)
Property Plant And Equipment Gross864M639M2.1B2.3B2.6B2.8B
Other Liab2.4B2.6B2.8B2.6B2.9B3.1B
Other Assets535M694M991M1.2B1.4B1.4B
Property Plant Equipment727M525M602M650M747.5M741.8M
Good Will1.8B2.0B2.3B2.8B3.2B3.3B
Intangible Assets44M101M142M181M162.9M95.5M
Long Term Debt1.1B2.6B2.4B2.4B2.7B2.9B
Net Tangible Assets(1.6B)(1.5B)(1.7B)(1.8B)(1.6B)(1.5B)
Deferred Long Term Liab97M89M111M117M105.3M100.0M

NetApp Investors Sentiment

The influence of NetApp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NetApp. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to NetApp's public news can be used to forecast risks associated with an investment in NetApp. The trend in average sentiment can be used to explain how an investor holding NetApp can time the market purely based on public headlines and social activities around NetApp Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NetApp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NetApp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average NetApp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on NetApp.

NetApp Implied Volatility

    
  24.68  
NetApp's implied volatility exposes the market's sentiment of NetApp Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NetApp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NetApp stock will not fluctuate a lot when NetApp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NetApp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NetApp's short interest history, or implied volatility extrapolated from NetApp options trading.

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When determining whether NetApp Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if NetApp Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Netapp Inc Stock. Highlighted below are key reports to facilitate an investment decision about Netapp Inc Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetApp Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
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 the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running NetApp's price analysis, check to measure NetApp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetApp is operating at the current time. Most of NetApp's value examination focuses on studying past and present price action to predict the probability of NetApp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetApp's price. Additionally, you may evaluate how the addition of NetApp to your portfolios can decrease your overall portfolio volatility.
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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
3.933
Dividend Share
2
Earnings Share
4.39
Revenue Per Share
29.398
Quarterly Revenue Growth
0.052
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 if NetApp is a good investment 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.