NetApp Inc (NTAP) — Working Capital to Net Assets Ratio
NetApp Inc (NTAP) has a Working Capital to Net Assets ratio of 120.1% as of October 2025. Working capital of $1.18 Billion (current assets of $4.65 Billion minus current liabilities of $3.47 Billion) is measured against net assets of $986.00 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See NTAP net asset quality score to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
NetApp Inc Working Capital to Net Assets (1996–2025)
This chart shows how NetApp Inc's Working Capital to Net Assets ratio has evolved across 30 annual periods from 1996 to 2025. As of October 2025, the ratio stands at 120.1%, reflecting working capital of $1.18 Billion against net assets of $986.00 Million USD. Check NTAP tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for NetApp Inc (1996–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for NetApp Inc from 1996 to 2025, covering 30 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see NTAP stock market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 114.3% | $1.19 Billion | $1.04 Billion | $5.85 Billion | $4.66 Billion | ▲ +45.3 pp |
| 2024 | 69.0% | $791.00 Million | $1.15 Billion | $4.90 Billion | $4.11 Billion | ▼ -35.6 pp |
| 2023 | 104.7% | $1.21 Billion | $1.16 Billion | $4.68 Billion | $3.47 Billion | ▼ -133.0 pp |
| 2022 | 237.7% | $1.99 Billion | $838.00 Million | $5.95 Billion | $3.95 Billion | ▼ -134.4 pp |
| 2021 | 372.1% | $2.55 Billion | $685.00 Million | $6.00 Billion | $3.45 Billion | ▲ +100.2 pp |
| 2020 | 271.9% | $658.00 Million | $242.00 Million | $4.27 Billion | $3.62 Billion | ▲ +112.0 pp |
| 2019 | 159.9% | $1.74 Billion | $1.09 Billion | $5.61 Billion | $3.87 Billion | ▲ +3.5 pp |
| 2018 | 156.4% | $3.23 Billion | $2.07 Billion | $6.86 Billion | $3.62 Billion | ▲ +78.7 pp |
| 2017 | 77.7% | $2.16 Billion | $2.78 Billion | $6.20 Billion | $4.04 Billion | ▼ -19.0 pp |
| 2016 | 96.7% | $2.79 Billion | $2.88 Billion | $6.45 Billion | $3.66 Billion | ▼ -22.3 pp |
| 2015 | 119.0% | $4.06 Billion | $3.41 Billion | $6.77 Billion | $2.71 Billion | ▲ +19.3 pp |
| 2014 | 99.7% | $3.78 Billion | $3.79 Billion | $6.47 Billion | $2.69 Billion | ▲ +2.5 pp |
| 2013 | 97.2% | $4.59 Billion | $4.72 Billion | $8.42 Billion | $3.83 Billion | ▲ +21.3 pp |
| 2012 | 75.9% | $3.31 Billion | $4.36 Billion | $6.83 Billion | $3.52 Billion | ▼ -2.7 pp |
| 2011 | 78.6% | $3.02 Billion | $3.84 Billion | $6.39 Billion | $3.37 Billion | ▼ -25.2 pp |
| 2010 | 103.8% | $2.63 Billion | $2.53 Billion | $4.54 Billion | $1.91 Billion | ▼ -2.1 pp |
| 2009 | 105.8% | $1.76 Billion | $1.66 Billion | $3.44 Billion | $1.68 Billion | ▲ +67.4 pp |
| 2008 | 38.4% | $653.33 Million | $1.70 Billion | $2.07 Billion | $1.41 Billion | ▼ -14.5 pp |
| 2007 | 53.0% | $1.05 Billion | $1.99 Billion | $2.24 Billion | $1.19 Billion | ▼ -5.1 pp |
| 2006 | 58.0% | $1.12 Billion | $1.92 Billion | $2.03 Billion | $917.16 Million | ▼ -5.5 pp |
| 2005 | 63.6% | $1.06 Billion | $1.66 Billion | $1.58 Billion | $520.19 Million | ▲ +10.9 pp |
| 2004 | 52.6% | $745.01 Million | $1.42 Billion | $1.09 Billion | $344.22 Million | ▼ -7.0 pp |
| 2003 | 59.6% | $588.48 Million | $987.36 Million | $853.49 Million | $265.02 Million | ▲ +5.6 pp |
| 2002 | 54.0% | $463.57 Million | $858.48 Million | $679.13 Million | $215.56 Million | ▲ +2.2 pp |
| 2001 | 51.8% | $416.74 Million | $804.45 Million | $635.52 Million | $218.77 Million | ▼ -35.8 pp |
| 2000 | 87.6% | $419.57 Million | $478.75 Million | $533.00 Million | $113.43 Million | ▼ -1.9 pp |
| 1999 | 89.5% | $264.82 Million | $295.72 Million | $315.35 Million | $50.53 Million | ▲ +8.8 pp |
| 1998 | 80.7% | $69.63 Million | $86.27 Million | $98.94 Million | $29.31 Million | ▲ +3.1 pp |
| 1997 | 77.6% | $41.92 Million | $54.03 Million | $56.62 Million | $14.70 Million | ▼ -10.2 pp |
| 1996 | 87.8% | $34.28 Million | $39.03 Million | $40.40 Million | $6.12 Million | — |