NTAP Quick Ratio Analysis

NTAP’s quick ratio of 0.83x means the company has 83 cents in cash and other assets that can be quickly converted to cash for every dollar of short-term liabilities it must pay within a year.

This is above the sector median of 0.72x, placing NTAP in the 58th percentile of its peers, so its liquidity position is slightly better than most comparable companies. The trend is not available: both the year-over-year change and quarter-over-quarter change are marked N/A, and the only historical value provided is the current 0.83x. Because the ratio is below 1.0x but above the sector median, NTAP has a thinner cushion against immediate obligations than a fully covered position, yet it is not unusually strained relative to its industry. The lack of trend data removes any ability to assess whether liquidity is improving or deteriorating, which adds uncertainty but not a clear downgrade. Overall, this metric supports the NEUTRAL verdict by showing a middle-of-the-pack liquidity level with no directional evidence to tip the risk assessment either way.

Frequently Asked Questions

Closest Sector Peers