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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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 Jan 26, 2020 Oct 27, 2019 Jul 28, 2019 Apr 28, 2019
Cash and cash equivalents
Marketable securities
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
Other assets
Long-term assets
Total assets

Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).


Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets exhibited significant volatility throughout the periods. Initially high in early 2019, peaking above 60%, the ratio sharply decreased mid-2020 and remained relatively low with minor fluctuations, generally between 3% and 12% in subsequent quarters through 2025.
Marketable Securities
The proportion of marketable securities relative to total assets showed an inverse pattern to cash equivalents. After a substantial drop in early 2019, this ratio increased steadily from mid-2020, stabilizing mostly around 20% to 44%, maintaining a prominent share of total assets, and exhibiting a moderate declining trend from 2022 into 2025 while still representing a significant asset component.
Accounts Receivable, Net
Accounts receivable relative to total assets generally increased over the periods. Starting near 9%, it remained somewhat stable until early 2021, then demonstrated a notable upward trend from 2021 onward, reaching over 20% by late 2025, indicating an increasing portion of assets tied up in receivables.
Inventories
The inventory percentage of total assets showed a declining trend through 2020, reaching a low of about 4.85%, before gradually increasing from 2021 onward. The ratio ultimately rose to exceed 10% towards the end of the data, reflecting a rebuilding or accumulation of inventory levels in later periods.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets maintained a low but gradually increasing share of total assets over time. The ratio fluctuated between 0.7% and nearly 5%, showing some volatility but an overall upward trajectory, especially notable after 2020.
Current Assets
Current assets represented a dominant portion of total assets throughout, ranging mostly between 55% and 85%. Despite some reductions after mid-2019, the ratio stabilized around the 65% to 75% range in recent years, reflecting the company’s substantial emphasis on liquidity and short-term asset holdings.
Property and Equipment, Net
The net property and equipment ratio saw a mild decreasing trend overall, starting slightly above 10% and declining below 6% by early 2024, before a small rebound towards 6% by late 2025. This suggests limited growth or possible asset disposals within fixed assets.
Operating Lease Assets
Operating lease assets consistently represented a small percentage of total assets, decreasing gradually from nearly 4% in 2019 to around 1.4% by late 2025, indicating a declining reliance on leased assets over time.
Goodwill
The goodwill proportion showed significant variation, rising sharply in mid-2020 to over 16%, consistent with acquisition activity or intangible asset recognition, followed by a steady decline through the following years to below 4% by late 2025, reflecting possible impairments or amortization.
Intangible Assets, Net
Intangible assets as a percentage of total assets experienced a similar pattern to goodwill, with a marked increase around mid-2020 to over 11%, then a continuous decline to below 1% by late 2025, indicative of amortization or reduced intangible asset valuation.
Deferred Income Tax Assets
Deferred income tax assets showed moderate fluctuations, mostly ranging between 2% and 11%, with an increasing trend through 2021 and early 2023 before slightly tapering off, signaling variations in tax asset recognition over the periods.
Other Assets
Other assets remained a minor but variable component, fluctuating roughly between 0.5% and 9%, with notable increases around late 2020 and early 2022, followed by gradual declines afterward, reflecting changes in miscellaneous long-term asset categories.
Long-Term Assets
The share of long-term assets fell sharply in early 2020 but surged again mid-2020 exceeding 40%, likely associated with acquisition or asset reclassification events. After peaking in 2022, a gradual decline was observed toward about 27% by late 2025, suggesting a redistribution from long-term to current assets or asset sales.
Overall Asset Composition
The company's asset structure is characterized by a dominant concentration in current assets, consistently above 55%, complemented by significant holdings in marketable securities and increasing accounts receivable in later periods. Long-term assets and goodwill/intangible assets displayed marked changes indicative of corporate actions such as acquisitions and subsequent portfolio adjustments.