Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

$24.99

Common-Size Balance Sheet: Assets

NVIDIA Corp., common-size consolidated balance sheet: assets

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Jan 26, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Jan 26, 2020
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
Non-marketable equity securities
Prepaid supply and capacity agreements
Income tax receivable
Prepaid royalties
Advanced consideration for acquisition
Other
Other assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26).


Cash and Cash Equivalents
There was a notable decrease from 62.93% in early 2020 to a low of 2.94% in early 2021, followed by a gradual increase peaking at 11.08% in early 2024 before declining again to 7.7% in early 2025. This suggests a shift in liquidity management and allocation of assets over the years.
Marketable Securities
This category saw significant growth from a negligible level (0.01%) in early 2020 to 37.21% in early 2021 and further to 43.49% in early 2022. Subsequently, it declined to 24.06% in early 2023, then moderately increased again towards 31.02% by early 2025, indicating active portfolio adjustments in relatively liquid investments.
Accounts Receivable, Net
The proportion of accounts receivable initially decreased slightly from 9.57% to 8.44% in early 2021, then fluctuated upward, reaching 20.67% by early 2025. The upward trend since 2022 suggests growing credit sales or slower collection periods, impacting working capital.
Inventories
Inventory levels showed moderate fluctuations, starting at 5.65% in early 2020, rising to a peak of 12.53% in early 2023, and settling around 9.03% by early 2025. This increase followed by a partial decline may reflect changing production schedules or inventory management strategies.
Prepaid Expenses and Other Current Assets
This item maintained a relatively low proportion under 1% until early 2022; thereafter, it increased substantially to 4.69% in early 2024 before slightly declining to 3.38% in early 2025, indicating an increased prepayment activity or recognition of other current assets in recent years.
Current Assets
Overall current assets demonstrated a downward shift from 79.06% in early 2020 to 55.76% in early 2021, followed by fluctuations and a general upward trend, reaching 71.8% in early 2025. This reflects dynamic changes in asset composition between current and long-term assets.
Property and Equipment, Net
The share of property and equipment declined from 9.67% in early 2020 to 5.63% in early 2025, with intermediate fluctuations. This decreasing trend may indicate disposals, depreciation outpacing acquisitions, or capital allocation away from fixed assets.
Operating Lease Assets
There was a steady decline from 3.57% in early 2020 to 1.61% in early 2025. The consistent reduction suggests a contraction in lease obligations or leasing activity over the period.
Goodwill
Goodwill rose sharply from 3.57% in early 2020 to a peak of 14.56% in early 2021, then decreased steadily to 4.65% in early 2025. This pattern may reflect acquisition activity concentrated around 2021, followed by impairments or reclassifications in subsequent years.
Intangible Assets, Net
Intangible assets increased significantly from 0.28% in early 2020 to 9.51% in early 2021 and then declined gradually to 0.72% in early 2025, which may correspond with the trends observed in goodwill, suggesting initial recognition followed by amortization or impairments.
Deferred Income Tax Assets
This category decreased slightly from 3.16% in early 2020 to 2.77% in early 2022, then increased markedly to 9.84% by early 2025. The latter rise may indicate recognition of deferred tax benefits or accumulated tax assets coinciding with profitability changes or tax strategy adjustments.
Non-Marketable Equity Securities
These assets showed a gradual increase from 0.44% in early 2020 to 3.03% in early 2025, reflecting increased investments in equity interests that are less liquid or strategic in nature.
Prepaid Supply and Capacity Agreements
Beginning with no recorded values in early 2020 and 2021, this category rose to 7.26% in early 2023 before declining to 1.57% by early 2025. This suggests short-term increased prepayments for supply or capacity, followed by contract completions or reductions.
Income Tax Receivable
A new recognition at 0.67% occurred in early 2025, implying a receivable position with tax authorities that was not present or reported previously.
Prepaid Royalties
Prepaid royalties increased from 0.01% in early 2020 to 1.53% in early 2021, then steadily decreased to 0.3% by early 2025, indicating diminishing prepaid royalty obligations over time.
Advanced Consideration for Acquisition
Recorded only in early 2021 and 2022 (4.71% and 3.07%, respectively), this line item disappeared in later periods, suggesting acquisition-related payments that were either settled or reclassified.
Other (%) and Other Assets
The "Other" category remained low throughout the period, exhibiting no significant trend. Other assets increased from 0.68% in early 2020 to 9.28% in early 2023 and then declined to 5.76% by early 2025, signifying fluctuations in miscellaneous or less-defined asset classes.
Long-Term Assets
Long-term assets exhibited a rise from 20.94% in early 2020 to 44.24% in early 2021, followed by declines to 28.2% by early 2025. The initial increase corresponds with growth in goodwill, intangible assets, and deferred tax assets, while the subsequent decline indicates rebalancing towards current assets or asset disposals.
Total Assets
Remained constant at 100% for all periods, serving as the baseline for relative component analysis.