NetScout Systems, Inc. (NTCT) Balance Sheet
NTCT balance sheet, FY2026
March 31, 2026 · U.S. dollars$2.35B assets = $705.3M liabilities + $1.65B equity
Both columns are drawn to the same scale: what NTCT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NTCT financial health
Current ratio1.83
Comfortable · current assets cover current liabilities 1.83×
Debt / equity0.02
Low leverage · $0.02 of debt for each $1 of equity
Equity / assets70.0%
Equity-funded · of assets funded by shareholders
Cash / debt1,687.1%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles54.6%
Mostly intangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
NTCT balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.60BFY2017 | $2.35BFY2026 | −4.6%/yr | |
| Total liabilities | $1.17BFY2017 | $705.3MFY2026 | −5.4%/yr | |
| Shareholders’ equity | $2.44BFY2017 | $1.65BFY2026 | −4.2%/yr | |
| Cash & short-term investments | $442.8MFY2017 | $668.0MFY2026 | +4.7%/yr | |
| Total debt | $300.0MFY2017 | $39.6MFY2026 | −20.1%/yr | |
| Net cash (debt) | $142.8MFY2017 | $628.4MFY2026 | +$485.6M | |
| Working capital | $394.3MFY2017 | $391.0MFY2026 | −$3.2M | |
| Book value per share | $26.22FY2017 | $22.99FY2026 | −1.4%/yr | |
| Current ratio | 1.86FY2017 | 1.83FY2026 | −0.03 | |
| Debt / equity | 0.12FY2017 | 0.02FY2026 | −0.10 | |
| Shares outstanding | 92.9MFY2017 | 71.7MFY2026 | −2.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NTCT assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
NTCT liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
NTCT debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NTCT balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $668.0M | $491.5M | $423.1M | $419.0M | $703.2M | $476.5M | $386.5M | $486.0M | $447.8M | $442.8M |
| Cash & equivalents | $586.5M | $457.4M | $389.7M | $386.8M | $636.2M | $467.2M | $340.2M | $409.8M | $369.8M | $304.9M |
| Short-term investments | $81.5M | $34.1M | $33.5M | $32.2M | $67.0M | $9.3M | $48.0M | $76.3M | $77.9M | $137.9M |
| Receivables | $151.5M | $163.7M | $192.1M | $143.9M | $148.2M | $197.7M | $213.5M | $235.3M | $213.4M | $294.4M |
| Inventory | $13.3M | $11.1M | $14.1M | $17.5M | $21.2M | $19.4M | $21.5M | $26.3M | $34.8M | $40.0M |
| Other current assets | $28.4M | $46.9M | $43.2M | $37.0M | $49.3M | $28.9M | $38.3M | $53.7M | $56.4M | $77.3M |
| Total current assets | $861.2M | $713.2M | $672.5M | $617.4M | $921.9M | $722.5M | $659.7M | $801.2M | $752.4M | $854.5M |
| Property, plant & equipment (net) | $59.1M | $59.2M | $69.0M | $86.2M | $96.3M | $110.0M | $126.3M | $59.0M | $52.5M | $61.4M |
| Goodwill & intangible assets | $1.28B | $1.34B | $1.81B | $2.09B | $2.16B | $2.23B | $2.31B | $2.38B | $2.54B | $2.65B |
| Long-term investments | $37.2M | $1.0M | $994,000 | $8.9M | $0 | $0 | $2.6M | $1.0M | $0 | $21.9M |
| Other non-current assets | $112.1M | $78.1M | $41.4M | $17.1M | $19.9M | $23.2M | $24.0M | $24.2M | $19.6M | $14.3M |
| Total assets | $2.35B | $2.19B | $2.60B | $2.82B | $3.19B | $3.09B | $3.12B | $3.27B | $3.37B | $3.60B |
| Liabilities | ||||||||||
| Accounts payable | $23.5M | $18.2M | $14.5M | $16.5M | $22.0M | $18.0M | $20.0M | $24.6M | $30.1M | $37.4M |
| Short-term debt | $9.9M | $11.0M | $12.0M | $11.7M | $11.4M | $12.4M | $10.3M | — | $600.0M | $300.0M |
| Deferred revenue | $330.6M | $301.8M | $301.8M | $311.5M | $330.6M | $269.7M | $270.3M | $272.5M | $301.9M | $310.6M |
| Total current liabilities | $470.1M | $407.9M | $395.1M | $453.6M | $476.2M | $411.3M | $399.0M | $379.9M | $413.3M | $460.2M |
| Long-term debt | $0 | $0 | $100.0M | $100.0M | $350.0M | $350.0M | $450.0M | $550.0M | $600.0M | $300.0M |
| Lease obligations | $39.6M | $43.5M | $50.1M | $60.5M | $65.3M | $73.6M | $81.0M | — | — | — |
| Other long-term liabilities | $235.1M | $218.3M | $208.2M | $237.3M | $308.2M | $318.0M | $333.6M | $274.6M | $286.5M | $405.1M |
| Total liabilities | $705.3M | $626.2M | $703.2M | $790.9M | $1.13B | $1.08B | $1.18B | $1.20B | $1.30B | $1.17B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $136,000 | $134,000 | $131,000 | $128,000 | $126,000 | $124,000 | $122,000 | $120,000 | $117,000 | $116,000 |
| Retained earnings (deficit) | $51.1M | −$44.4M | $322.5M | $470.2M | $410.6M | $374.7M | $355.3M | $358.1M | $396.5M | $316.7M |
| Treasury stock | — | — | — | — | −$1.37B | −$1.32B | −$1.31B | −$1.12B | −$995.8M | −$570.9M |
| Accumulated other comprehensive income | $4.0M | $4.1M | $3.6M | $5.7M | $141,000 | −$1.9M | −$3.2M | −$2.6M | $2.9M | −$3.5M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.65B | $1.56B | $1.89B | $2.03B | $2.06B | $2.01B | $1.94B | $2.07B | $2.07B | $2.44B |
| Key figures | ||||||||||
| Total debt | $39.6M | $76.0M | $182.6M | $209.3M | $469.3M | $484.9M | $601.7M | $550.0M | $600.0M | $300.0M |
| Net cash (debt) | $628.4M | $415.5M | $240.5M | $209.7M | $233.9M | −$8.4M | −$215.2M | −$64.0M | −$152.2M | $142.8M |
| Working capital | $391.0M | $305.3M | $277.4M | $163.8M | $445.8M | $311.2M | $260.7M | $421.3M | $339.1M | $394.3M |
| Tangible book value | $364.4M | $225.3M | $80.6M | −$61.3M | −$96.2M | −$223.6M | −$369.9M | −$319.2M | −$475.4M | −$213.2M |
| Book value per share | $22.99 | $21.50 | $26.47 | $27.79 | $27.44 | $27.17 | $25.78 | $26.27 | $23.44 | $26.22 |
| Shares outstanding | 71.7M | 72.6M | 71.5M | 73.0M | 75.1M | 73.8M | 75.2M | 78.6M | 88.3M | 92.9M |
| Current ratio | 1.83 | 1.75 | 1.70 | 1.36 | 1.94 | 1.76 | 1.65 | 2.11 | 1.82 | 1.86 |
| Quick ratio | 1.74 | 1.61 | 1.56 | 1.24 | 1.79 | 1.64 | 1.50 | 1.90 | 1.60 | 1.60 |
| Debt / equity | 0.02 | 0.05 | 0.10 | 0.10 | 0.23 | 0.24 | 0.31 | 0.27 | 0.29 | 0.12 |
| Equity / assets | 70.0% | 71.4% | 72.9% | 72.0% | 64.5% | 65.0% | 62.1% | 63.2% | 61.4% | 67.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $629.4M | $668.0M | $573.0M | $516.9M | $532.5M | $491.5M | $426.9M | $400.9M | $406.2M | $423.1M | $329.1M | $328.6M |
| Cash & equivalents | $552.8M | $586.5M | $540.6M | $483.4M | $489.6M | $457.4M | $398.4M | $363.4M | $362.2M | $389.7M | $297.7M | $279.9M |
| Short-term investments | $76.6M | $81.5M | $32.4M | $33.5M | $42.9M | $34.1M | $28.5M | $37.5M | $44.0M | $33.5M | $31.5M | $48.7M |
| Receivables | $80.0M | $151.5M | $234.6M | $130.2M | $92.2M | $163.7M | $214.6M | $118.6M | $129.3M | $192.1M | $221.6M | $152.6M |
| Inventory | $19.2M | $13.3M | $12.4M | $9.9M | $11.2M | $11.1M | $14.4M | $12.9M | $12.1M | $12.9M | $14.8M | $15.5M |
| Other current assets | $43.7M | $28.4M | $30.4M | $51.1M | $48.0M | $46.9M | $36.3M | $51.3M | $42.5M | $44.4M | $43.8M | $43.8M |
| Total current assets | $772.3M | $861.2M | $850.3M | $708.0M | $683.9M | $713.2M | $692.2M | $583.7M | $590.0M | $672.5M | $609.3M | $540.5M |
| Property, plant & equipment (net) | $62.2M | $59.1M | $59.5M | $59.7M | $57.7M | $59.2M | $58.6M | $61.7M | $64.8M | $69.0M | $72.9M | $77.6M |
| Goodwill & intangible assets | $1.32B | $1.28B | $1.30B | $1.31B | $1.32B | $1.34B | $1.35B | $1.36B | $1.37B | $1.81B | $1.88B | $2.06B |
| Long-term investments | $39.1M | $37.2M | $13.2M | $10.0M | $11.0M | $1.0M | $1.0M | $1.0M | $1.0M | $994,000 | $1.0M | $4.0M |
| Other non-current assets | $114.0M | $112.1M | $102.8M | $90.5M | $84.7M | $78.1M | $73.8M | $65.2M | $57.5M | $41.4M | $31.1M | $17.1M |
| Total assets | $2.31B | $2.35B | $2.32B | $2.18B | $2.16B | $2.19B | $2.17B | $2.07B | $2.09B | $2.60B | $2.59B | $2.70B |
| Liabilities | ||||||||||||
| Accounts payable | $23.5M | $23.5M | $17.2M | $14.7M | $14.0M | $18.2M | $13.7M | $13.9M | $15.9M | $14.5M | $15.1M | $15.6M |
| Short-term debt | $10.8M | $9.9M | $10.1M | $10.0M | $10.9M | $11.0M | $11.0M | $11.9M | $11.9M | $12.0M | $12.0M | $11.7M |
| Deferred revenue | $313.3M | $330.6M | $321.3M | $276.8M | $293.9M | $301.8M | $284.8M | $263.9M | $279.2M | $301.8M | $293.4M | $275.0M |
| Total current liabilities | $423.1M | $470.1M | $442.6M | $377.4M | $387.0M | $407.9M | $381.8M | $347.1M | $383.2M | $395.1M | $382.3M | $359.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $75.0M | $75.0M | $75.0M | $100.0M | $100.0M | $100.0M |
| Lease obligations | $40.0M | $39.6M | $41.8M | $43.5M | $41.5M | $43.5M | $42.8M | $45.4M | $47.1M | $50.1M | $52.9M | $55.3M |
| Other long-term liabilities | $224.7M | $235.1M | $237.8M | $225.2M | $222.9M | $218.3M | $197.4M | $189.2M | $195.2M | $208.2M | $203.6M | $198.9M |
| Total liabilities | $647.8M | $705.3M | $680.4M | $602.6M | $609.9M | $626.2M | $654.2M | $611.3M | $653.4M | $703.2M | $685.9M | $658.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $138,000 | $136,000 | $136,000 | $136,000 | $135,000 | $134,000 | $133,000 | $133,000 | $133,000 | $131,000 | $131,000 | $130,000 |
| Retained earnings (deficit) | $72.9M | $51.1M | $32.8M | −$22.3M | −$48.1M | −$44.4M | −$63.1M | −$111.9M | −$120.9M | $322.5M | $354.9M | $487.5M |
| Accumulated other comprehensive income | $3.9M | $4.0M | $4.0M | $4.0M | $4.3M | $4.1M | $3.1M | $4.2M | $3.4M | $3.6M | $5.9M | $5.4M |
| Total shareholders' equity | $1.66B | $1.65B | $1.64B | $1.57B | $1.55B | $1.56B | $1.52B | $1.46B | $1.43B | $1.89B | $1.90B | $2.04B |
| Key figures | ||||||||||||
| Total debt | $40.0M | $39.6M | $73.6M | $77.1M | $72.2M | $76.0M | $149.6M | $153.9M | $157.3M | $188.2M | $193.8M | $199.0M |
| Net cash (debt) | $589.4M | $628.4M | $499.4M | $439.8M | $460.3M | $415.5M | $277.3M | $246.9M | $248.8M | $235.0M | $135.3M | $129.6M |
| Working capital | $349.1M | $391.0M | $407.8M | $330.6M | $296.9M | $305.3M | $310.4M | $236.6M | $206.8M | $277.4M | $227.1M | $181.4M |
| Tangible book value | $339.7M | $364.4M | $345.4M | $265.6M | $227.5M | $225.3M | $171.4M | $100.4M | $60.0M | $80.6M | $28.5M | −$18.8M |
| Book value per share | $22.29 | $22.99 | $22.88 | $21.94 | $21.57 | $21.50 | $20.95 | $20.32 | $20.04 | $26.59 | $26.79 | $28.02 |
| Shares outstanding | 74.6M | 71.7M | 71.7M | 71.7M | 71.7M | 72.6M | 72.6M | 71.8M | 71.5M | 71.2M | 71.1M | 72.8M |
| Current ratio | 1.83 | 1.83 | 1.92 | 1.88 | 1.77 | 1.75 | 1.81 | 1.68 | 1.54 | 1.70 | 1.59 | 1.51 |
| Quick ratio | 1.68 | 1.74 | 1.82 | 1.71 | 1.61 | 1.61 | 1.68 | 1.50 | 1.40 | 1.56 | 1.44 | 1.34 |
| Debt / equity | 0.02 | 0.02 | 0.04 | 0.05 | 0.05 | 0.05 | 0.10 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 |
| Equity / assets | 72.0% | 70.0% | 70.7% | 72.3% | 71.7% | 71.4% | 69.9% | 70.5% | 68.7% | 72.9% | 73.5% | 75.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 14, 2026); data from EODHD.
NTCT financial position
At the end of fiscal 2026 (March 31, 2026), NetScout Systems had total assets of $2.4 billion (up 7.7% from a year earlier), total liabilities of $705.3 million and shareholders' equity of $1.6 billion. It held $668.0 million in cash and short-term investments against $39.6 million of debt, a net cash position of $628.4 million. Its current ratio was 1.83. In the latest quarter (ended June 30, 2026) total assets were $2.3 billion and equity $1.7 billion.
Related: NTCT income statement, NTCT cash flow statement, NTCT key metrics. See the NTCT stock overview for the latest quote and news.
NTCT balance sheet FAQ
What are NetScout Systems's total assets?
NetScout Systems reported total assets of $2.4 billion at the end of fiscal 2026 (March 31, 2026), compared with $2.2 billion a year earlier.
How much debt does NetScout Systems have?
NetScout Systems had $39.6 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does NetScout Systems have?
NetScout Systems held $668.0 million in cash and short-term investments at the end of fiscal 2026; with $39.6 million of debt that is net cash of $628.4 million.
What is NetScout Systems's book value?
NetScout Systems's shareholders' equity (book value) was $1.6 billion at the end of fiscal 2026, or $22.99 per share.
What is NetScout Systems's current ratio?
NetScout Systems had current assets of $861.2 million and current liabilities of $470.1 million, a current ratio of 1.83 (it can cover its short-term obligations).
How much goodwill does NetScout Systems have?
NetScout Systems carried $1.3 billion of goodwill and intangible assets, 54.6% of total assets, at the end of fiscal 2026.