Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Statement of Comprehensive Income
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
- Analysis of Debt
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NVIDIA Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2026-01-25), 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).
The composition of liabilities and stockholders’ equity has undergone significant shifts between January 2021 and January 2026. A notable trend is the decreasing proportion of total liabilities relative to total liabilities and shareholders’ equity, while the proportion of shareholders’ equity has increased over the same period.
- Current Liabilities
- Current liabilities as a percentage of the total initially stood at 13.63% in January 2021, decreased to a low of 9.81% in January 2022, and then increased to 16.17% by January 2024. They subsequently decreased to 15.55% in January 2026. Within current liabilities, accrued and other current liabilities consistently represent the largest component, fluctuating between 5.78% and 10.52% of the total. Accounts payable decreased from 4.17% to 2.90% before rising again to 5.65% in January 2025, and then decreasing to 4.74% in January 2026. Short-term debt decreased substantially from 3.47% to 0.48% over the period.
- Long-Term Liabilities
- Long-term liabilities exhibited a decrease from 27.69% in January 2021 to 18.44% in January 2024, and further decreased to 8.39% in January 2026. This decline was primarily driven by a reduction in long-term debt, which fell from 20.71% to 3.61% over the period. Long-term operating lease liabilities also decreased, though less dramatically, from 2.20% to 1.24%.
- Shareholders’ Equity
- Shareholders’ equity increased from 58.67% in January 2021 to a peak of 76.06% in January 2026. This increase is largely attributable to changes within the equity components. Retained earnings experienced a substantial decrease from 65.67% in January 2021 to 24.70% in January 2023, followed by a significant recovery to 71.07% in January 2026. Additional paid-in capital decreased significantly from 30.29% to 4.89% over the period. Treasury stock, initially a negative 37.36%, disappeared from the analysis after January 2021. Common stock remained a very small percentage of the total.
- Specific Liability Accounts
- Several specific liability accounts show notable trends. Product warranty increased from 0.08% to 1.36%, indicating a potential increase in warranty obligations. Customer program accruals also increased, from 2.19% to 4.37% in January 2025, before decreasing to 2.57% in January 2026. Accrued purchase consideration appeared in January 2025 at 0.01% and increased to 1.90% in January 2026. Taxes payable fluctuated, peaking at 1.13% in January 2023 and settling at 1.29% in January 2026.
Overall, the balance sheet composition demonstrates a shift away from debt financing towards equity financing. The significant changes in retained earnings and additional paid-in capital suggest substantial impacts from profitability, share repurchases, or other equity transactions. The increasing trend in certain liability accounts, such as product warranty and customer program accruals, warrants further investigation.