NetApp Good Will vs Capital Surpluse Analysis

NTAP Stock

USD 120.43 3.93 3.37%

NetApp financial indicator trend analysis is infinitely more than just investigating NetApp Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NetApp Inc is a good investment. Please check the relationship between NetApp Good Will and its Capital Surpluse accounts. 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.

Good Will vs Capital Surpluse

Good Will vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NetApp Inc Good Will account and Capital Surpluse. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between NetApp's Good Will and Capital Surpluse is -0.67. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of NetApp Inc, assuming nothing else is changed. The correlation between historical values of NetApp's Good Will and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of NetApp Inc are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Good Will i.e., NetApp's Good Will and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

-0.67

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Good Will

An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.

Capital Surpluse

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.

At this time, NetApp's Sales General And Administrative To Revenue is relatively stable compared to the past year. As of 06/02/2024, Enterprise Value Over EBITDA is likely to grow to 28.49, while Enterprise Value is likely to drop slightly above 6.2 B.

	2021	2022	2023	2024 (projected)
Gross Profit	4.2B	4.2B	4.8B	2.4B
Total Revenue	6.3B	6.4B	7.3B	3.9B

Gross Profit Total Revenue

NetApp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Common Stock Total Equity	Other Stockholder Equity
Total Assets		0.67	0.56	0.9	0.49	0.74	0.85	-0.33	0.27	0.45	0.5	0.56	-0.01	0.84	0.79	0.23	0.2	0.54	0.79	0.6	0.69	0.91	0.42	0.51	0.29	-0.26
Short Long Term Debt Total	0.67		0.88	0.71	-0.06	0.16	0.74	0.27	-0.01	0.71	-0.04	0.84	0.46	0.38	0.65	-0.36	0.2	0.88	0.58	0.49	0.93	0.46	0.05	-0.1	0.22	0.06
Other Current Liab	0.56	0.88		0.73	-0.12	0.13	0.64	0.38	0.07	0.8	-0.19	0.83	0.54	0.26	0.67	-0.36	0.3	0.78	0.57	0.44	0.9	0.36	0.16	-0.17	0.01	-0.02
Total Current Liabilities	0.9	0.71	0.73		0.22	0.54	0.87	-0.18	0.17	0.6	0.35	0.6	0.06	0.65	0.86	-0.02	0.11	0.57	0.83	0.42	0.75	0.74	0.45	0.24	0.24	-0.16
Total Stockholder Equity	0.49	-0.06	-0.12	0.22		0.87	0.0	-0.52	0.63	-0.31	0.54	-0.07	-0.22	0.79	-0.01	0.92	0.47	-0.3	0.18	0.53	-0.1	0.72	0.72	0.99	0.14	-0.65
Property Plant And Equipment Net	0.74	0.16	0.13	0.54	0.87		0.38	-0.54	0.5	-0.01	0.6	0.17	-0.2	0.87	0.4	0.76	0.36	0.01	0.46	0.62	0.22	0.87	0.68	0.87	0.17	-0.52
Current Deferred Revenue	0.85	0.74	0.64	0.87	0.0	0.38		-0.06	-0.12	0.65	0.23	0.7	0.13	0.48	0.91	-0.26	-0.03	0.79	0.82	0.44	0.83	0.61	0.01	0.02	0.25	0.14
Net Debt	-0.33	0.27	0.38	-0.18	-0.52	-0.54	-0.06		-0.28	0.35	-0.97	0.53	0.92	-0.61	-0.11	-0.67	0.46	0.37	-0.04	0.13	0.3	-0.56	-0.41	-0.6	-0.15	0.35
Retained Earnings	0.27	-0.01	0.07	0.17	0.63	0.5	-0.12	-0.28		-0.29	0.29	-0.09	-0.14	0.46	-0.05	0.65	0.29	-0.31	0.18	0.32	-0.13	0.41	0.62	0.62	-0.43	-1.0
Accounts Payable	0.45	0.71	0.8	0.6	-0.31	-0.01	0.65	0.35	-0.29		-0.19	0.71	0.44	0.13	0.76	-0.5	0.16	0.84	0.57	0.39	0.86	0.26	-0.16	-0.35	0.15	0.33
Cash	0.5	-0.04	-0.19	0.35	0.54	0.6	0.23	-0.97	0.29	-0.19		-0.35	-0.84	0.73	0.27	0.61	-0.42	-0.17	0.17	-0.01	-0.08	0.69	0.44	0.6	0.21	-0.35
Non Current Assets Total	0.56	0.84	0.83	0.6	-0.07	0.17	0.7	0.53	-0.09	0.71	-0.35		0.71	0.16	0.61	-0.4	0.42	0.85	0.63	0.64	0.9	0.27	-0.04	-0.14	0.12	0.16
Non Currrent Assets Other	-0.01	0.46	0.54	0.06	-0.22	-0.2	0.13	0.92	-0.14	0.44	-0.84	0.71		-0.27	0.05	-0.47	0.71	0.49	0.15	0.44	0.49	-0.22	-0.18	-0.31	0.0	0.22
Cash And Short Term Investments	0.84	0.38	0.26	0.65	0.79	0.87	0.48	-0.61	0.46	0.13	0.73	0.16	-0.27		0.47	0.64	0.24	0.15	0.46	0.53	0.34	0.98	0.63	0.81	0.3	-0.48
Net Receivables	0.79	0.65	0.67	0.86	-0.01	0.4	0.91	-0.11	-0.05	0.76	0.27	0.61	0.05	0.47		-0.17	-0.04	0.73	0.8	0.42	0.8	0.61	0.07	0.0	0.11	0.06
Common Stock Shares Outstanding	0.23	-0.36	-0.36	-0.02	0.92	0.76	-0.26	-0.67	0.65	-0.5	0.61	-0.4	-0.47	0.64	-0.17		0.24	-0.56	-0.06	0.27	-0.39	0.54	0.67	0.92	-0.03	-0.69
Short Term Investments	0.2	0.2	0.3	0.11	0.47	0.36	-0.03	0.46	0.29	0.16	-0.42	0.42	0.71	0.24	-0.04	0.24		0.07	0.16	0.64	0.23	0.23	0.35	0.39	0.12	-0.24
Non Current Liabilities Total	0.54	0.88	0.78	0.57	-0.3	0.01	0.79	0.37	-0.31	0.84	-0.17	0.85	0.49	0.15	0.73	-0.56	0.07		0.55	0.46	0.95	0.28	-0.34	-0.34	0.16	0.36
Inventory	0.79	0.58	0.57	0.83	0.18	0.46	0.82	-0.04	0.18	0.57	0.17	0.63	0.15	0.46	0.8	-0.06	0.16	0.55		0.57	0.68	0.59	0.26	0.19	0.13	-0.15
Other Current Assets	0.6	0.49	0.44	0.42	0.53	0.62	0.44	0.13	0.32	0.39	-0.01	0.64	0.44	0.53	0.42	0.27	0.64	0.46	0.57		0.58	0.59	0.25	0.46	0.03	-0.28
Total Liab	0.69	0.93	0.9	0.75	-0.1	0.22	0.83	0.3	-0.13	0.86	-0.08	0.9	0.49	0.34	0.8	-0.39	0.23	0.95	0.68	0.58		0.46	-0.03	-0.15	0.19	0.18
Total Current Assets	0.91	0.46	0.36	0.74	0.72	0.87	0.61	-0.56	0.41	0.26	0.69	0.27	-0.22	0.98	0.61	0.54	0.23	0.28	0.59	0.59	0.46		0.58	0.74	0.28	-0.43
Short Term Debt	0.42	0.05	0.16	0.45	0.72	0.68	0.01	-0.41	0.62	-0.16	0.44	-0.04	-0.18	0.63	0.07	0.67	0.35	-0.34	0.26	0.25	-0.03	0.58		0.73	0.14	-0.64
Common Stock	0.51	-0.1	-0.17	0.24	0.99	0.87	0.02	-0.6	0.62	-0.35	0.6	-0.14	-0.31	0.81	0.0	0.92	0.39	-0.34	0.19	0.46	-0.15	0.74	0.73		0.16	-0.65
Common Stock Total Equity	0.29	0.22	0.01	0.24	0.14	0.17	0.25	-0.15	-0.43	0.15	0.21	0.12	0.0	0.3	0.11	-0.03	0.12	0.16	0.13	0.03	0.19	0.28	0.14	0.16		0.42
Other Stockholder Equity	-0.26	0.06	-0.02	-0.16	-0.65	-0.52	0.14	0.35	-1.0	0.33	-0.35	0.16	0.22	-0.48	0.06	-0.69	-0.24	0.36	-0.15	-0.28	0.18	-0.43	-0.64	-0.65	0.42

Click cells to compare fundamentals

NetApp Account Relationship Matchups

NetApp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	9.4B	10.0B	9.8B	9.9B	6.2B
Short Long Term Debt Total	1.7B	2.6B	2.6B	2.4B	2.4B	2.5B
Other Current Liab	774M	921M	925M	810M	1.0B	1.1B
Total Current Liabilities	3.6B	3.5B	4.0B	3.5B	4.1B	2.2B
Total Stockholder Equity	242M	685M	838M	1.2B	1.1B	1.9B
Property Plant And Equipment Net	727M	525M	602M	650M	604M	638.6M
Current Deferred Revenue	1.9B	2.1B	2.2B	2.2B	2.2B	1.1B
Net Debt	(1.2B)	(2.0B)	(1.5B)	73M	5.6B	5.9B
Accounts Payable	426M	420M	607M	392M	517M	542.9M
Cash	2.9B	4.6B	4.1B	2.3B	(3.3B)	(3.1B)
Non Current Assets Total	3.2B	3.4B	4.1B	5.1B	5.0B	5.2B
Non Currrent Assets Other	699M	694M	526M	1.5B	4.4B	4.6B
Cash And Short Term Investments	2.9B	4.6B	4.1B	3.1B	3.3B	3.0B
Net Receivables	973M	945M	1.2B	987M	1.0B	630.5M
Common Stock Shares Outstanding	233M	226M	229M	220M	198M	255.4M
Short Term Investments	224M	67M	22M	754M	6.5B	6.8B
Liabilities And Stockholders Equity	7.5B	9.4B	10.0B	9.8B	9.9B	6.2B
Non Current Liabilities Total	3.7B	5.2B	5.2B	5.2B	4.6B	4.9B
Inventory	145M	114M	204M	167M	186M	98.0M
Other Current Assets	274M	346M	377M	456M	452M	612.7M
Total Liab	7.3B	8.7B	9.2B	8.7B	8.7B	9.2B
Total Current Assets	4.3B	6.0B	5.9B	4.7B	4.9B	4.0B
Accumulated Other Comprehensive Income	(42M)	(30M)	(44M)	(51M)	(45.9M)	(43.6M)
Short Term Debt	522M	49M	250M	47M	400M	422.2M
Common Stock	242M	685M	760M	945M	1.1B	1.1B
Common Stock Total Equity	284M	504M	760M	945M	1.1B	750.9M
Other Stockholder Equity	42M	(181M)	(44M)	(51M)	(45.9M)	(43.6M)
Property Plant And Equipment Gross	864M	639M	2.1B	2.3B	2.6B	2.8B
Other Liab	2.4B	2.6B	2.8B	2.6B	2.9B	3.1B
Other Assets	535M	694M	991M	1.2B	1.4B	1.4B
Property Plant Equipment	727M	525M	602M	650M	747.5M	741.8M
Good Will	1.8B	2.0B	2.3B	2.8B	3.2B	3.3B
Intangible Assets	44M	101M	142M	181M	162.9M	95.5M
Long Term Debt	1.1B	2.6B	2.4B	2.4B	2.7B	2.9B
Net Tangible Assets	(1.6B)	(1.5B)	(1.7B)	(1.8B)	(1.6B)	(1.5B)
Deferred Long Term Liab	97M	89M	111M	117M	105.3M	100.0M

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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:

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What is NetApp's Net Worth?

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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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

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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

Earnings Share

4.62

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.

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NetApp Good Will vs Capital Surpluse Analysis

Good Will vs Capital Surpluse

Good Will vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Good Will

Capital Surpluse

NetApp fundamental ratios Correlations

NetApp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NetApp fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for NetApp Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Liab	+ 0.95	Non Current Liabilities Total
Total Liab	+ 0.93	Short Long Term Debt Total
Common Stock Shares Outstanding	+ 0.92	Total Stockholder Equity
Non Currrent Assets Other	+ 0.92	Net Debt

Other Stockholder Equity	- 1.0	Retained Earnings
Cash	- 0.97	Net Debt
Non Currrent Assets Other	- 0.84	Cash
Other Stockholder Equity	- 0.69	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.67	Net Debt
Other Stockholder Equity	- 0.65	Common Stock