Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

NVIDIA Corp., liquidity ratios

Microsoft Excel
Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Jan 26, 2020 Jan 27, 2019
Current ratio 4.17 3.52 6.65 4.09 7.67 7.94
Quick ratio 3.38 2.61 5.96 3.56 7.04 6.66
Cash ratio 2.44 2.03 4.89 2.95 6.11 5.58

Based on: 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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. NVIDIA Corp. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. NVIDIA Corp. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. NVIDIA Corp. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Current Ratio

NVIDIA Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Jan 26, 2020 Jan 27, 2019
Selected Financial Data (US$ in millions)
Current assets 44,345 23,073 28,829 16,055 13,690 10,557
Current liabilities 10,631 6,563 4,335 3,925 1,784 1,329
Liquidity Ratio
Current ratio1 4.17 3.52 6.65 4.09 7.67 7.94
Benchmarks
Current Ratio, Competitors2
Advanced Micro Devices Inc. 2.51 2.36 2.02 2.54 1.95
Analog Devices Inc. 1.37 2.02 1.94 1.84 1.32
Applied Materials Inc. 2.60 2.16 2.54 3.00 2.30
Broadcom Inc. 2.82 2.62 2.64 1.87 1.44
Intel Corp. 1.54 1.57 2.10 1.91 1.40
KLA Corp. 2.24 2.50 2.71 2.78 2.44
Lam Research Corp. 3.16 2.69 3.30 3.43 3.61
Micron Technology Inc. 4.46 2.89 3.10 2.71 2.58
ON Semiconductor Corp. 2.71 2.78 2.45 1.90 1.66
Qualcomm Inc. 2.33 1.75 1.68 2.14 1.88
Texas Instruments Inc. 4.55 4.70 5.33 4.28 4.13
Current Ratio, Sector
Semiconductors & Semiconductor Equipment 2.45 2.35 2.47 2.45 2.03
Current Ratio, Industry
Information Technology 1.46 1.44 1.64 1.85 1.77

Based on: 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).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 44,345 ÷ 10,631 = 4.17

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. NVIDIA Corp. current ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Quick Ratio

NVIDIA Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Jan 26, 2020 Jan 27, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,280 3,389 1,990 847 10,896 782
Marketable securities 18,704 9,907 19,218 10,714 1 6,640
Accounts receivable, net 9,999 3,827 4,650 2,429 1,657 1,424
Total quick assets 35,983 17,123 25,858 13,990 12,554 8,846
 
Current liabilities 10,631 6,563 4,335 3,925 1,784 1,329
Liquidity Ratio
Quick ratio1 3.38 2.61 5.96 3.56 7.04 6.66
Benchmarks
Quick Ratio, Competitors2
Advanced Micro Devices Inc. 1.67 1.57 1.49 1.81 1.43
Analog Devices Inc. 0.76 1.34 1.24 1.31 0.85
Applied Materials Inc. 1.63 1.17 1.64 1.95 1.38
Broadcom Inc. 2.34 2.18 2.27 1.56 1.21
Intel Corp. 1.01 1.01 1.38 1.24 0.93
KLA Corp. 1.33 1.57 1.81 1.82 1.54
Lam Research Corp. 1.96 1.75 2.48 2.78 2.90
Micron Technology Inc. 2.53 1.92 2.17 1.82 1.74
ON Semiconductor Corp. 1.57 1.82 1.40 1.05 0.88
Qualcomm Inc. 1.51 1.01 1.34 1.75 1.65
Texas Instruments Inc. 3.12 3.67 4.45 3.34 3.04
Quick Ratio, Sector
Semiconductors & Semiconductor Equipment 1.63 1.63 1.80 1.79 1.48
Quick Ratio, Industry
Information Technology 1.17 1.15 1.38 1.60 1.55

Based on: 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).

1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 35,983 ÷ 10,631 = 3.38

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. NVIDIA Corp. quick ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Cash Ratio

NVIDIA Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Jan 26, 2020 Jan 27, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,280 3,389 1,990 847 10,896 782
Marketable securities 18,704 9,907 19,218 10,714 1 6,640
Total cash assets 25,984 13,296 21,208 11,561 10,897 7,422
 
Current liabilities 10,631 6,563 4,335 3,925 1,784 1,329
Liquidity Ratio
Cash ratio1 2.44 2.03 4.89 2.95 6.11 5.58
Benchmarks
Cash Ratio, Competitors2
Advanced Micro Devices Inc. 0.86 0.92 0.85 0.95 0.64
Analog Devices Inc. 0.30 0.60 0.71 0.77 0.43
Applied Materials Inc. 0.93 0.35 0.86 1.29 0.81
Broadcom Inc. 1.92 1.76 1.94 1.20 0.73
Intel Corp. 0.89 0.88 1.03 0.97 0.59
KLA Corp. 0.87 0.94 1.19 1.17 0.98
Lam Research Corp. 1.28 0.80 1.62 2.12 2.29
Micron Technology Inc. 2.01 1.24 1.34 1.23 1.24
ON Semiconductor Corp. 1.14 1.42 0.88 0.65 0.49
Qualcomm Inc. 1.18 0.54 1.04 1.29 1.37
Texas Instruments Inc. 2.58 3.04 3.79 2.75 2.54
Cash Ratio, Sector
Semiconductors & Semiconductor Equipment 1.23 1.16 1.31 1.33 1.04
Cash Ratio, Industry
Information Technology 0.75 0.72 0.96 1.19 1.11

Based on: 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).

1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 25,984 ÷ 10,631 = 2.44

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. NVIDIA Corp. cash ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.