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 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: 2025-07-27), 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
The proportion of cash and cash equivalents within total assets exhibited considerable fluctuation, peaking at 66.63% in April 2020 before declining sharply to below 10% from July 2020 onwards. From early 2021 through mid-2025, this category stabilized mostly between 7% and 12%, indicating a relatively modest and stable liquidity position in recent periods.
Marketable Securities
Marketable securities showed a pattern of variation, starting at 35.87% of total assets and declining to near zero by October 2019. Thereafter, the proportion increased substantially from mid-2020, reaching a high of 44.32% in October 2021. Following this peak, it declined gradually but remained a significant component, maintaining roughly 30% of total assets through mid-2025. This suggests a strategic emphasis on liquid investments after a prior minimal position.
Accounts Receivable, Net
Accounts receivable as a percentage of total assets generally increased over the entire period. Starting below 9% in April 2019, it reached about 20% by July 2025, illustrating growing credit sales or more receivables outstanding relative to total assets. Notably, this increase accelerated from 2022 onward, pointing toward a rise in operational scale or extended receivable terms.
Inventories
Inventories decreased from around 10% in April 2019 to a low near 5% by April 2020. However, from mid-2021, the inventory proportion rose steadily, peaking at 12.53% in January 2023 before declining somewhat but remaining elevated around 9-10% in mid-2025. This indicates an accumulation of inventory likely tied to scaling operations or stockpiling amid market conditions.
Prepaid Expenses and Other Current Assets
This category remained generally low but showed an upward trend beginning in 2021, increasing from below 1% to a peak of 5.27% in April 2023 before tapering back to approximately 1.89% by July 2025. This rise suggests variations in advance payments or short-term assets, potentially linked with business expansion or delayed utilization of prepaid items.
Current Assets
Current assets maintained a dominant share of total assets, ranging primarily between mid-50% and low 70% during the analyzed periods. After minor dips mid-2020, the proportion rebounded, particularly from 2023 forward, demonstrating a focus on maintaining ample short-term asset liquidity.
Property and Equipment, Net
The net property and equipment share saw a gradual decline from about 10.5% in early 2019 to roughly 5-6% from 2023 onward. This decrease reflects either asset aging, divestiture, or relatively slower capex compared to asset growth in other categories.
Operating Lease Assets
Operating lease assets steadily decreased as a proportion of total assets from 3.82% down to about 1.48% by mid-2025, indicating reduced reliance on leased property or termination of certain lease arrangements.
Goodwill
Goodwill figures surged significantly from under 5% in early 2020 up to over 16% by mid-2020, then gradually declined to below 5% by 2025. This pattern suggests a major acquisition event in 2020 followed by amortization or impairment adjustments over subsequent years.
Intangible Assets, Net
Intangible assets rose sharply from approximately 0.3% pre-2020 to over 11% by mid-2020, then steadily declined to around 0.5% by 2025. This mirrors the goodwill trend and supports the inference of a significant acquisition with subsequent amortization or write-down.
Deferred Income Tax Assets
Deferred income tax assets exhibited an increasing trend after 2020, growing from approximately 2.3% to peak near 11% in late 2022 and sustaining levels between 9.6% and 11.2% thereafter. This growth may reflect recognition of tax benefits or timing differences related to acquisitions or operational changes.
Other Assets
Other assets remained relatively low but increased notably around late 2020 to early 2022, reaching above 9%, before declining moderately to about 5% by mid-2025. This may indicate episodic non-core assets or changes in classification.
Long-term Assets
The proportion of long-term assets increased substantially due to acquisition-related intangible and goodwill assets, rising from around 15%-25% before mid-2020 to peaks above 40% in late 2020 to early 2023. From 2023 forward, long-term assets steadily declined to approximately 27% by mid-2025, consistent with amortization and asset management strategies.
Total Assets
By definition, the components sum to 100% of total assets each period, exhibiting internal shifts among asset types without net total asset scale information.