Stock Analysis on Net
Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

NVIDIA Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Jan 26, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Jan 26, 2020
Accounts payable 5.65 4.11 2.90 4.04 4.17 3.97
Customer program accruals 4.37 3.17 2.90 2.26 2.19 2.67
Excess inventory purchase obligations 1.88 2.52 2.32 0.44 0.00 0.00
Product warranty and return provisions 1.23 0.63 0.26 0.00 0.00 0.00
Taxes payable 0.79 0.45 1.13 0.30 0.00 0.00
Accrued payroll and related expenses 0.76 1.03 1.29 0.93 1.03 1.07
Deferred revenue 0.75 1.16 0.86 0.68 1.00 0.81
Short-term operating lease liabilities 0.26 0.35 0.43 0.33 0.42 0.53
Licenses and royalties 0.16 0.28 0.36 0.00 0.00 0.00
Unsettled share repurchases 0.12 0.28 0.28 0.00 0.00 0.00
Other 0.20 0.30 0.17 0.84 1.35 1.26
Accrued and other current liabilities 10.52% 10.17% 10.00% 5.78% 5.99% 6.34%
Short-term debt 0.00 1.90 3.04 0.00 3.47 0.00
Current liabilities 16.17% 16.17% 15.94% 9.81% 13.63% 10.30%
Long-term debt 7.58 12.87 23.56 24.77 20.71 11.50
Long-term operating lease liabilities 1.36 1.70 2.19 1.68 2.20 3.24
Income tax payable 1.96 2.07 2.92 2.22 2.90 3.05
Deferred revenue 0.87 0.87 0.53 0.46 0.57 0.35
Deferred income tax 0.79 0.70 0.60 0.55 0.84 0.17
Licenses payable 0.10 0.12 0.44 0.17 0.00 0.00
Other 0.07 0.10 0.15 0.11 0.47 0.91
Other long-term liabilities 3.80% 3.87% 4.65% 3.51% 4.78% 4.48%
Long-term liabilities 12.75% 18.44% 30.40% 29.96% 27.69% 19.21%
Total liabilities 28.92% 34.61% 46.33% 39.77% 41.33% 29.52%
Preferred stock, $.001 par value; none issued 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $.001 par value 0.02 0.00 0.00 0.01 0.00 0.01
Additional paid-in capital 10.07 19.98 29.07 23.50 30.29 40.69
Treasury stock, at cost 0.00 0.00 0.00 0.00 -37.36 -56.68
Accumulated other comprehensive income (loss) 0.03 0.04 -0.10 -0.02 0.07 0.01
Retained earnings 60.97 45.36 24.70 36.74 65.67 86.46
Shareholders’ equity 71.08% 65.39% 53.67% 60.23% 58.67% 70.48%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Accounts payable
This liability fluctuated over the years, starting at 3.97% in early 2020, experiencing a dip to 2.9% by early 2023, then rising to 5.65% by early 2025, indicating variability in payables management relative to total liabilities and equity.
Customer program accruals
There was a declining trend from 2.67% in 2020 to 2.19% in 2021, before rising steadily to 4.37% by 2025. This suggests increasing obligations related to customer programs impacting liabilities.
Excess inventory purchase obligations
Data was not available until 2022, where it started at 0.44%, then increased sharply to 2.52% by 2024, followed by a slight decrease to 1.88% in 2025, showing growing concerns over inventory commitments during this period.
Product warranty and return provisions
Absent before 2023, these provisions increased from 0.26% in 2023 to 1.23% in 2025, indicating a rising potential liability related to product quality or returns.
Taxes payable
Fluctuated with an increase from 0.3% in 2022 to 1.13% in 2023, then declined and slightly increased again to 0.79% in 2025, showing varying short-term tax obligations.
Accrued payroll and related expenses
These liabilities remained relatively stable but showed a modest decreasing trend, declining from 1.07% in 2020 to 0.76% in 2025, suggesting tightened control over payroll-related accruals.
Deferred revenue (current liabilities)
Showed some variability, decreasing from 1% in 2021 to 0.68% in 2022, then increasing to 1.16% in 2024 before a decline to 0.75% in 2025, reflecting changes in advance revenue recognition.
Short-term operating lease liabilities
Displayed a gradual decline over the period, from 0.53% in 2020 to 0.26% in 2025, consistent with reduced short-term lease obligations.
Licenses and royalties
First recorded in 2023 at 0.36%, then declined to 0.16% by 2025, indicating diminishing liabilities in this area.
Unsettled share repurchases
Recorded starting 2023 at 0.28%, reduced to 0.12% by 2025, reflecting a decrease in unsettled repurchase commitments.
Other current liabilities
Decreased markedly from 1.26% in 2020 to 0.2% in 2025, denoting tighter control or reclassification of miscellaneous liabilities.
Accrued and other current liabilities
Experienced a significant increase from 6.34% in 2020 to above 10% from 2023 onward, reaching 10.52% in 2025, implying substantial growth in accrued liabilities within short-term obligations.
Short-term debt
Data shows presence in 2021 and 2023 with 3.47% and 3.04% respectively, then a decline to 1.9% in 2024 and absence in 2025, indicating variable short-term borrowings with a downward trend.
Current liabilities
Displayed an upward trend from 10.3% in 2020 to a peak of 16.17% by 2024 and stabilized at the same level in 2025, suggesting growing short-term obligations relative to total financing.
Long-term debt
Increased sharply from 11.5% in 2020 to 24.77% in 2022, then declined significantly to 7.58% by 2025, indicating a reduction in long-term borrowing after peaking in 2022.
Long-term operating lease liabilities
Showed a steady decline from 3.24% in 2020 to 1.36% in 2025, consistent with reduced long-term lease commitments.
Income tax payable
Gradually decreased from 3.05% in 2020 to 1.96% in 2025, suggesting lower tax liabilities over time.
Deferred revenue (long-term liabilities)
Increased from 0.35% in 2020 to 0.87% in 2024 and maintained this level in 2025, showing rising deferred revenue recognized beyond short term.
Deferred income tax
Increased notably from 0.17% in 2020 to 0.84% in 2021, then fluctuated slightly but maintained an upward trend reaching 0.79% in 2025, indicating growing deferred tax liabilities.
Licenses payable
Appeared in 2022 at 0.17%, increased to 0.44% in 2023, then declined to 0.1% by 2025, reflecting a temporary rise in license obligations.
Other long-term liabilities
Varied but generally declined from 4.48% in 2020 to about 3.8% in 2025, indicating reduction in miscellaneous long-term liabilities.
Long-term liabilities
Rose steadily to nearly 30.4% in 2023 before a sharp decrease to 12.75% in 2025, largely influenced by declining long-term debt and leases.
Total liabilities
Peaked at 46.33% in 2023 following increases in both current and long-term liabilities, then receded to 28.92% by 2025, reflecting overall reduction in total obligations relative to aggregate financing.
Common stock
Remained negligible throughout the period, showing minimal impact on capital structure.
Additional paid-in capital
Declined substantially from 40.69% in 2020 to 10.07% in 2025, indicating changes in capital contributions or equity transactions reducing this component.
Treasury stock
Data available only through 2021 shows a marked reduction from -56.68% to -37.36%, reflecting repurchase activity reducing treasury stock holdings.
Accumulated other comprehensive income (loss)
Remained minimal and fluctuated near zero, indicating limited impact on shareholders’ equity from OCI items.
Retained earnings
Demonstrated a declining trend from 86.46% in 2020 down to 24.7% in 2023, then rebounded to 60.97% in 2025, which may be due to variations in earnings retention and distribution policies.
Shareholders’ equity
Declined from 70.48% in 2020 to a low of 53.67% in 2023, then recovered to 71.08% in 2025, reflecting fluctuations in equity balances impacted by earnings, capital transactions, and treasury stock adjustments.
Total liabilities and shareholders’ equity
Constant at 100% as expected, representing the total financing structure of the entity.