Current Ratio
since 2005
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NVIDIA Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Sales (P/S) since 2005
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Calculation
NVIDIA Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jan 26, 2025 | = | ÷ | |||
| Jan 28, 2024 | = | ÷ | |||
| Jan 29, 2023 | = | ÷ | |||
| Jan 30, 2022 | = | ÷ | |||
| Jan 31, 2021 | = | ÷ | |||
| Jan 26, 2020 | = | ÷ | |||
| Jan 27, 2019 | = | ÷ | |||
| Jan 28, 2018 | = | ÷ | |||
| Jan 29, 2017 | = | ÷ | |||
| Jan 31, 2016 | = | ÷ | |||
| Jan 25, 2015 | = | ÷ | |||
| Jan 26, 2014 | = | ÷ | |||
| Jan 27, 2013 | = | ÷ | |||
| Jan 29, 2012 | = | ÷ | |||
| Jan 30, 2011 | = | ÷ | |||
| Jan 31, 2010 | = | ÷ | |||
| Jan 25, 2009 | = | ÷ | |||
| Jan 27, 2008 | = | ÷ | |||
| Jan 28, 2007 | = | ÷ | |||
| Jan 29, 2006 | = | ÷ | |||
| Jan 30, 2005 | = | ÷ |
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), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1 US$ in millions
- Current Assets
- The current assets exhibited a generally upward trend from 2005 to 2025. Starting at $1,305 million in early 2005, current assets increased steadily over the years with occasional accelerations. Notably, a strong surge appeared between 2021 and 2025, where current assets rose sharply from $16,055 million in 2021 to $80,126 million by early 2025. This represents a significant expansion in liquid or near-liquid resources available within the company.
- Current Liabilities
- Current liabilities have also risen over the period but with more volatility relative to current assets. Beginning at $421 million in 2005, current liabilities showed fluctuations with periods of both rapid increase and temporary decreases. There was a notable peak in 2016 at $2,351 million followed by a decline and then another pronounced rise from 2021 onwards, reaching $18,047 million in early 2025. This suggests an increase in short-term obligations consistent with the scaling up of assets.
- Current Ratio
- The current ratio, an indicator of short-term liquidity, exhibited variability but generally remained above 3.0 from 2005 through 2025, indicating a healthy liquidity position for most years. Periods of particularly strong liquidity appeared in 2013 and 2014, with ratios reaching 5.95 and 6.38 respectively, and again in 2017 to 2019 with ratios hovering around 4.77 up to 8.03. A dip in 2016 to 2.57 was observed, which represents a temporary decrease in liquidity, but it rapidly recovered afterwards. The ratio moderated somewhat in the most recent years but continued to indicate sufficient current assets to cover liabilities, finishing at 4.44 in 2025.
- Overall Insights
- The company's liquidity position improved significantly over the two decades, supported by substantial growth in current assets that outpaced the rise in current liabilities. The maintenance of a current ratio well above the threshold of 1.0 throughout the period highlights effective working capital management and a strong ability to meet short-term obligations. The marked increase in both current assets and liabilities after 2020 signals considerable business expansion, which has been accompanied by prudent management of liquid resources.
Comparison to Competitors
NVIDIA Corp., current ratio, long-term trends, comparison to competitors
| NVIDIA Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 26, 2025 | |||||||||||
| Jan 28, 2024 | |||||||||||
| Jan 29, 2023 | |||||||||||
| Jan 30, 2022 | |||||||||||
| Jan 31, 2021 | |||||||||||
| Jan 26, 2020 | |||||||||||
| Jan 27, 2019 | |||||||||||
| Jan 28, 2018 | |||||||||||
| Jan 29, 2017 | |||||||||||
| Jan 31, 2016 | |||||||||||
| Jan 25, 2015 | |||||||||||
| Jan 26, 2014 | |||||||||||
| Jan 27, 2013 | |||||||||||
| Jan 29, 2012 | |||||||||||
| Jan 30, 2011 | |||||||||||
| Jan 31, 2010 | |||||||||||
| Jan 25, 2009 | |||||||||||
| Jan 27, 2008 | |||||||||||
| Jan 28, 2007 | |||||||||||
| Jan 29, 2006 | |||||||||||
| Jan 30, 2005 |
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), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
NVIDIA Corp., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NVIDIA Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jan 26, 2025 | ||
| Jan 28, 2024 | ||
| Jan 29, 2023 | ||
| Jan 30, 2022 | ||
| Jan 31, 2021 | ||
| Jan 26, 2020 | ||
| Jan 27, 2019 | ||
| Jan 28, 2018 | ||
| Jan 29, 2017 | ||
| Jan 31, 2016 | ||
| Jan 25, 2015 | ||
| Jan 26, 2014 | ||
| Jan 27, 2013 | ||
| Jan 29, 2012 | ||
| Jan 30, 2011 | ||
| Jan 31, 2010 | ||
| Jan 25, 2009 | ||
| Jan 27, 2008 | ||
| Jan 28, 2007 | ||
| Jan 29, 2006 | ||
| Jan 30, 2005 |
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), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Industry (Information Technology)
NVIDIA Corp., current ratio, long-term trends, comparison to industry (information technology)
| NVIDIA Corp. | Information Technology | |
|---|---|---|
| Jan 26, 2025 | ||
| Jan 28, 2024 | ||
| Jan 29, 2023 | ||
| Jan 30, 2022 | ||
| Jan 31, 2021 | ||
| Jan 26, 2020 | ||
| Jan 27, 2019 | ||
| Jan 28, 2018 | ||
| Jan 29, 2017 | ||
| Jan 31, 2016 | ||
| Jan 25, 2015 | ||
| Jan 26, 2014 | ||
| Jan 27, 2013 | ||
| Jan 29, 2012 | ||
| Jan 30, 2011 | ||
| Jan 31, 2010 | ||
| Jan 25, 2009 | ||
| Jan 27, 2008 | ||
| Jan 28, 2007 | ||
| Jan 29, 2006 | ||
| Jan 30, 2005 |
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), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).