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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. NetApp's total current liabilities for the quarter that ended in Jul. 2024 was $4,512
The historical data trend for NetApp's Total Current Liabilities can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NetApp Annual Data | |||||||||||||||||||||
Trend | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | Apr24 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 3,616.00 | 3,452.00 | 3,953.00 | 3,467.00 | 4,106.00 |
NetApp Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
Total Current Liabilities | Get a 7-Day Free Trial | 3,249.00 | 3,733.00 | 3,765.00 | 4,106.00 | 4,512.00 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
NetApp's Total Current Liabilities for the fiscal year that ended in Apr. 2024 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 517 | + | 440 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 973 | + | 2176 | |
= | 4,106 |
NetApp's Total Current Liabilities for the quarter that ended in Jul. 2024 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 437 | + | 1188 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 754 | + | 2133 | |
= | 4,512 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.
Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.
Be Aware
Stay away from companies that roll over the debt e.g. Bear Stearns
When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.
His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.
Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term
Thank you for viewing the detailed overview of NetApp's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Michael Nevens | director | C/O BORLAND SOFTWARE CORPORATION, 20450 STEVENS CREEK BLVD, SUITE 800, CUPERTINO CA 95014 |
George Kurian | director, officer: Chief Executive Officer | C/O NETAPP, 495 E. JAVA DRIVE, SUNNYVALE CA 94089 |
Michael J Berry | officer: EVP Finance & Operations, CFO | C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063 |
Elizabeth M O'callahan | officer: EVP, GC and Secretary | NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128 |
George T Shaheen | director | |
Cesar Cernuda | officer: President | 1395 CROSSMAN AVENUE, SUNNYVALE CA 94089 |
Gerald Held | director | |
Robert Parks | officer: Chief Accounting Officer | C/O SYNEOS HEALTH, INC., 1030 SYNC STREET, MORRISVILLE NC 27560 |
Carrie Palin | director | 1801 CALIFORNIA STREET, SUITE 500, DENVER CO 80202 |
Deepak Ahuja | director | C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304 |
Kathryn Hill | director | 7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007 |
Scott F. Schenkel | director | C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125 |
Deborah Kerr | director | 901 MARQUETTE AVENUE, SUITE 3200, MINNEAPOLIS MN 55402 |
Harvinder S Bhela | officer: EVP, Chief Product Officer | NETAPP, INC, 3060 OLSEN DRIVE, SAN JOSE CA 95128 |
Matthew K Fawcett | officer: Senior VP, General Counsel | 495 EAST JAVA DRIVE, SUNNYVALE CA 94089 |
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