In the wake of the increase in Current Liabilities in the first quarter 2026, Quick Ratio fell to 0.34 a new company low.

Within Computer Hardware industry 6 other companies have achieved higher Quick Ratio than Netapp Inc in first quarter 2026. While Quick Ratio total ranking has improved so far during the Q1 2026 to 1388, from total ranking in the fourth quarter 2026 at 1919.

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NTAP Quick Ratio	(Jul 31 2026) Q1	(Apr 24 2026) Q4	(Jan 23 2026) Q3	(Oct 24 2025) Q2	(Jul 25 2025) Q1
Y / Y Current Liabilities Change	251.66 %	-30.6 %	23.47 %	-41.64 %	-45.4 %
Y / Y Cash & cash equivalent Change	-52.68 %	-6.81 %	18.27 %	35.64 %	10.18 %
Quick Ratio MRQ	0.34	2.11	1.61	2.27	2.56
NTAP's Total Ranking	# 1388	# 1919	# 1454	# 1395	# 1875
Seq. Current Liabilities Change	168.55 %	-28.62 %	79.71 %	2.08 %	-47 %
Seq. Cash & cash equivalent Change	-56.11 %	-6.81 %	27.6 %	-9.33 %	-13.57 %

Quick Ratio first quarter 2026 Company Ranking
Within:	No.
Computer Hardware Industry	# 7
Technology Sector	# 464
Overall Market	# 2960

Quick Ratio Statistics
High	Average	Low
11.4	2.35	0.34
(Jul 30 2021)		(Jul 31 2026)

Financial Statements
Netapp Inc 's Current Liabilities	$ 4,568 Millions	Visit NTAP's Balance sheet
Netapp Inc 's Cash & cash equivalent	$ 1,573 Millions	Visit NTAP's Balance sheet
Source of NTAP's Sales		Visit NTAP's Sales by Geography

Cumulative Netapp Inc 's Quick Ratio

NTAP's Quick Ratio for the trailling 12 Months

NTAP Quick Ratio	(Jul 31 2026) 12 Months	(Apr 24 2026) 12 Months	(Jan 23 2026) 12 Months	(Oct 24 2025) 12 Months	(Jul 25 2025) 12 Months
Y / Y Current Liabilities TTM Growth	25.48 %	-25.72 %	-14.57 %	-12.97 %	5.91 %
Y / Y Cash & cash equivalent TTM Growth	-4.96 %	11.6 %	19.48 %	16.22 %	5.73 %
Quick Ratio TTM	1.2	2.05	1.88	1.92	1.59
Total Ranking TTM	# 1857	# 2113	# 1645	# 1768	# 1902
Seq. Current Liabilities TTM Growth	48.73 %	-10.05 %	6.47 %	-11.9 %	-11.96 %
Seq. Cash & cash equivalent TTM Growth	-12.72 %	-1.87 %	4.42 %	6.26 %	2.49 %

Quick ratio ranking by company, industry and sector >> Back to NTAP Financial Strength Comparisons >> Go to Compare NTAP Quick Ratio to its Competitors

On the trailing twelve months basis Due to in Current Liabilities in the Q1 2026 to $4,568.00 millions, cumulative Quick Ratio decreased to 1.2 above the NTAP average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Computer Hardware industry 12 other companies have achieved higher Quick Ratio than Netapp Inc . While Quick Ratio overall ranking has improved so far to 0, from total ranking during the twelve months ending fourth quarter 2026 at 3109.

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How much Cash & cash equivalents NTAP�s has?
What are NTAP�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Computer Hardware Industry	# 13
Technology Sector	# 615
Within the Market	# 1388

trailing twelve months Quick Ratio Statistics
High	Average	Low
1.56	0.88	0.37
(June 30. 2014)		(April 30, 2006)

Companies with similar Quick Ratio in the quarter ending Jul 31 2026, within Computer Hardware Industry	Quick Ratio	Jul 31 2026 MRQ Cash & cash equivalent	Jul 31 2026 MRQ Current Liabilities
Omnicell inc	0.65	$ 292.165 Millions	$ 447.441 Millions
Seagate Technology Holdings Plc	0.55	$ 1,705.000 Millions	$ 3,127.000 Millions
Western Digital Corporation	0.43	$ 1,579.000 Millions	$ 3,668.000 Millions
Apple Inc	0.42	$ 62,399.000 Millions	$ 149,326.000 Millions
Netapp Inc	0.34	$ 1,573.000 Millions	$ 4,568.000 Millions
Quantum Corp	0.34	$ 54.590 Millions	$ 159.959 Millions
Hewlett Packard Enterprise Company	0.22	$ 6,710.000 Millions	$ 30,436.000 Millions
International Business Machines Corporation	0.20	$ 7,172.000 Millions	$ 35,912.000 Millions
Dell Technologies Inc	0.20	$ 16,335.000 Millions	$ 83,703.000 Millions
Socket Mobile Inc	0.19	$ 1.606 Millions	$ 8.517 Millions
Hp inc	0.12	$ 4,218.000 Millions	$ 33,963.000 Millions

Date modified: 2026-09-12T06:20:28+00:00

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