• NetApp average debt/equity ratio for 2023 was 2.39, a 14.34% decline from 2022.
• NetApp average debt/equity ratio for 2022 was 2.79, a 32.28% decline from 2021.
• NetApp average debt/equity ratio for 2021 was 4.12, a 34.5% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.