Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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NVIDIA Corp., common-size consolidated balance sheet: assets (quarterly data)

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Apr 26, 2026 Jan 25, 2026 Oct 26, 2025 Jul 27, 2025 Apr 27, 2025 Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 Jan 28, 2024 Oct 29, 2023 Jul 30, 2023 Apr 30, 2023 Jan 29, 2023 Oct 30, 2022 Jul 31, 2022 May 1, 2022 Jan 30, 2022 Oct 31, 2021 Aug 1, 2021 May 2, 2021 Jan 31, 2021 Oct 25, 2020 Jul 26, 2020 Apr 26, 2020
Cash and cash equivalents
Marketable debt securities
Marketable equity securities
Marketable securities (legacy)
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Operating lease assets
Goodwill
Intangible assets, net
Deferred income tax assets
Non-marketable securities
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-04-26), 10-K (reporting date: 2026-01-25), 10-Q (reporting date: 2025-10-26), 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26).


The composition of total assets exhibits a strategic shift toward higher liquidity and a significant expansion in operational working capital over the analyzed period. A general trend of increasing current assets is observed, peaking above 72% of total assets in mid-2024 before normalizing to approximately 58% by April 2026.

Liquidity and Cash Equivalents
A volatile trend in cash and cash equivalents is evident, starting at a high of 66.63% in early 2020 and subsequently stabilizing between 5% and 12%. There is a notable structural change in the reporting of liquid assets starting in January 2025, where legacy marketable securities are replaced by a more granular breakdown of marketable debt securities, marketable equity securities, and non-marketable securities. This indicates a transition toward a more diversified investment portfolio, with non-marketable securities reaching as high as 16.71% of total assets by April 2026.
Operational Working Capital
Accounts receivable demonstrate a consistent and significant upward trajectory, increasing from 8.20% in April 2020 to a peak of 20.72% in October 2024. This suggests a substantial increase in credit sales or a lengthening of the collection cycle relative to the overall asset base. Inventories remained relatively stable for several years but showed periodic spikes, notably reaching 12.53% in January 2023 and 12.28% in October 2024, reflecting fluctuations in supply chain management or demand forecasting.
Intangible Assets and Goodwill
A sharp increase in goodwill and intangible assets occurred in July 2020, with goodwill jumping to 16.65% and intangibles to 11.33%, likely signifying a major acquisition. Following this peak, both metrics entered a prolonged period of decline as a percentage of total assets, with intangibles falling to 0.58% by October 2024. However, a secondary spike in goodwill is observed in January 2025, rising to 10.07%, suggesting further strategic acquisitions or asset revaluations.
Long-term Assets and Tax Position
Long-term assets fluctuated between approximately 15% and 46% of the total balance sheet. A downward trend in the weighting of long-term assets was observed through 2024, though this reversed sharply in early 2026, returning to 41.81%. Additionally, deferred income tax assets showed a gradual increase from 2.29% in 2020 to a peak of 11.24% in July 2024, before declining to 4.51% by April 2026, reflecting changes in the company's tax valuation allowances or timing differences.