Stock Analysis on Net
Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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

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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
Accounts payable 4.70 5.05 4.74 5.35 6.44 5.85 5.65 5.58 4.32 3.52 4.11 4.40 3.89 2.57 2.90 3.68 5.57 4.42 4.04 4.10 3.81 3.96 4.17 4.08 3.55 3.27
Accrued and other current liabilities 8.42 11.48 10.32 10.21 10.80 15.34 10.52 11.59 12.07 14.61 10.17 10.11 14.44 10.95 10.00 10.16 8.98 7.88 5.78 4.79 5.11 5.80 5.99 5.86 6.02 4.91
Short-term debt 0.31 0.39 0.48 0.62 0.00 0.00 0.00 0.00 0.00 1.62 1.90 2.31 2.52 2.81 3.04 3.08 2.87 0.00 0.00 0.00 2.59 3.24 3.47 3.71 0.00 0.00
Current liabilities 13.43% 16.91% 15.55% 16.18% 17.24% 21.19% 16.17% 17.16% 16.39% 19.75% 16.17% 16.81% 20.85% 16.33% 15.94% 16.93% 17.42% 12.30% 9.81% 8.89% 11.51% 13.00% 13.63% 13.65% 9.57% 8.18%
Long-term debt 10.11 2.88 3.61 4.63 6.02 6.76 7.58 8.81 9.93 10.98 12.87 15.62 17.06 21.83 23.56 23.96 22.31 24.21 24.77 26.93 28.31 19.37 20.71 22.18 27.64 29.93
Long-term operating lease liabilities 1.56 1.49 1.24 1.25 1.30 1.21 1.36 1.55 1.53 1.66 1.70 2.01 2.10 2.11 2.19 1.97 1.71 1.66 1.68 1.83 1.85 2.08 2.20 2.25 2.43 2.23
Other long-term liabilities 3.41 3.38 3.53 4.15 4.30 3.90 3.80 3.84 3.91 3.85 3.87 4.13 4.49 4.58 4.65 4.41 3.70 3.61 3.51 3.78 3.61 4.59 4.78 4.88 5.10 3.33
Long-term liabilities 15.07% 7.75% 8.39% 10.04% 11.62% 11.87% 12.75% 14.20% 15.37% 16.49% 18.44% 21.76% 23.65% 28.52% 30.40% 30.34% 27.72% 29.48% 29.96% 32.54% 33.78% 26.04% 27.69% 29.31% 35.17% 35.49%
Total liabilities 28.50% 24.67% 23.94% 26.22% 28.85% 33.06% 28.92% 31.36% 31.76% 36.24% 34.61% 38.57% 44.50% 44.85% 46.33% 47.27% 45.14% 41.79% 39.77% 41.43% 45.29% 39.04% 41.33% 42.96% 44.74% 43.67%
Preferred stock 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 3.07 3.96 4.89 6.59 7.96 9.16 10.07 12.31 14.21 16.41 19.98 23.99 25.48 28.01 29.07 28.56 25.23 23.50 23.50 25.76 25.21 30.13 30.29 30.88 31.09 31.62
Treasury stock, at cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -29.63 -30.02 -36.50 -37.36 -39.17 -40.64 -43.16
Accumulated other comprehensive income (loss) -0.01 0.05 0.09 0.21 0.12 0.15 0.03 0.11 0.07 -0.14 0.04 -0.16 -0.10 -0.11 -0.10 -0.30 -0.21 -0.14 -0.02 0.02 0.02 0.05 0.07 0.04 0.02 -0.04
Retained earnings 68.43 71.31 71.07 66.96 63.05 57.61 60.97 56.19 53.93 47.49 45.36 37.60 30.11 27.25 24.70 24.46 29.83 34.85 36.74 62.41 59.50 67.28 65.67 65.29 64.79 67.90
Shareholders’ equity 71.50% 75.33% 76.06% 73.78% 71.15% 66.94% 71.08% 68.64% 68.24% 63.76% 65.39% 61.43% 55.50% 55.15% 53.67% 52.73% 54.86% 58.21% 60.23% 58.57% 54.71% 60.96% 58.67% 57.04% 55.26% 56.33%
Total liabilities and shareholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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 capital structure exhibits a significant transition from a balanced liability-equity mix toward a predominantly equity-funded model. Total liabilities as a percentage of total assets and equity decreased from 43.67% in April 2020 to 28.50% by July 2026, reflecting a systematic reduction in financial leverage over the analyzed period.

Liability Trends
A pronounced downward trend is observed in long-term debt, which fell from 29.93% in April 2020 to a low of 2.88% in April 2026, before a slight increase to 10.11% in July 2026. This suggests a strategic prioritization of debt repayment or a reduced reliance on long-term borrowing. Current liabilities remained more volatile, fluctuating between 8.18% and 21.19%, with a peak in April 2025. Accrued and other current liabilities contributed significantly to this volatility, rising from 4.91% in 2020 to peak at 15.34% in January 2025.
Equity Composition
Shareholders' equity increased from 56.33% in April 2020 to 71.50% in July 2026. This growth is primarily driven by retained earnings, which, despite a sharp decline in early 2022, climbed to a peak of 71.31% in April 2026. Conversely, additional paid-in capital showed a consistent decline from 31.62% in April 2020 to 3.07% by July 2026, indicating that equity expansion is being fueled by organic profit retention rather than external capital infusions.
Treasury and Other Components
Early data indicates aggressive share repurchase activity, with treasury stock at cost representing between 29.63% and 43.16% of the total structure through August 2021. Long-term operating lease liabilities remained relatively stable and low, generally hovering between 1.21% and 2.43% throughout the duration of the period.
Overall Solvency and Risk Profile
The shift in the ratio of total liabilities to shareholders' equity indicates a strengthening of the solvency position. The reduction of long-term obligations combined with the accumulation of retained earnings suggests a diminished risk profile and an increased capacity for internal funding of operations and growth.

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