Stock Analysis on Net
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)

Microsoft Excel
Jul 26, 2026 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: 2026-07-26), 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 asset structure exhibits a strategic transition toward higher liquidity and a reduction in the relative weight of long-term intangible assets. Current assets have generally increased as a proportion of total assets, rising from a low of approximately 53.5% in late 2020 to peaks exceeding 72% by 2024 and 2025, indicating a shift toward a more liquid balance sheet.

Liquidity and Investment Portfolio
Cash and cash equivalents experienced extreme volatility, starting at a peak of 66.63% in April 2020 before stabilizing between 5% and 12% for the majority of the subsequent period. A significant restructuring of the investment portfolio is observed starting in January 2026; "legacy" marketable securities, which previously accounted for 23% to 44% of total assets, were entirely replaced by a diversified mix of marketable debt securities, marketable equity securities, and non-marketable securities.
Working Capital Dynamics
Accounts receivable, net, show a consistent long-term upward trajectory, increasing from 8.20% in April 2020 to 19.69% by July 2026. This suggests an expansion in credit sales or significant revenue growth that outpaces the growth of other asset classes. Inventories remained relatively stable, generally fluctuating between 5% and 12%, with a peak of 12.28% in October 2024, indicating a consistent management of stock levels relative to the total asset base.
Long-term and Intangible Asset Trends
A marked decline is observed in the relative weight of goodwill and intangible assets. Goodwill decreased from a peak of 16.65% in July 2020 to 6.60% by July 2026, while intangible assets dropped from 11.33% to 0.94% over the same period. This downward trend suggests the dilution of these assets as the total balance sheet expanded, alongside the effects of amortization.
Fixed and Other Assets
Property and equipment, net, followed a downward trend, moving from 7.38% in April 2020 to 4.46% by July 2026, suggesting that asset growth has been driven more by financial instruments and receivables than by physical infrastructure. Deferred income tax assets showed a mid-period surge, peaking at 11.05% in October 2023 before declining to 3.80% by July 2026.