Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
NVIDIA Corp., solvency ratios (quarterly data)
Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | NVIDIA Corp. debt to equity ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | NVIDIA Corp. debt to equity ratio (including operating lease liability) improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | NVIDIA Corp. debt to capital ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | NVIDIA Corp. debt to capital ratio (including operating lease liability) improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | NVIDIA Corp. debt to assets ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | NVIDIA Corp. debt to assets ratio (including operating lease liability) improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | NVIDIA Corp. financial leverage ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | NVIDIA Corp. interest coverage ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Debt to Equity
NVIDIA Corp., debt to equity calculation (quarterly data)
| 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 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | Jan 27, 2019 | Oct 28, 2018 | Jul 29, 2018 | Apr 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 1,250) | 1,249) | 1,249) | 1,250) | 1,250) | 1,249) | 1,249) | —) | —) | —) | 1,000) | 999) | 999) | 998) | —) | —) | —) | —) | —) | —) | —) | 3) | 14) | 14) | |||||||
| Long-term debt | 8,459) | 8,457) | 8,456) | 9,704) | 9,703) | 9,701) | 9,700) | 10,947) | 10,946) | 10,944) | 10,943) | 5,964) | 5,964) | 5,963) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,987) | 1,987) | 1,986) | |||||||
| Total debt | 9,709) | 9,706) | 9,705) | 10,954) | 10,953) | 10,950) | 10,949) | 10,947) | 10,946) | 10,944) | 11,943) | 6,963) | 6,963) | 6,961) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,990) | 2,001) | 2,000) | |||||||
| Shareholders’ equity | 42,978) | 33,265) | 27,501) | 24,520) | 22,101) | 21,349) | 23,851) | 26,320) | 26,612) | 23,798) | 21,147) | 18,774) | 16,893) | 15,334) | 13,914) | 13,099) | 12,204) | 11,214) | 10,336) | 9,704) | 9,342) | 9,475) | 8,795) | 7,717) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to equity1 | 0.23 | 0.29 | 0.35 | 0.45 | 0.50 | 0.51 | 0.46 | 0.42 | 0.41 | 0.46 | 0.56 | 0.37 | 0.41 | 0.45 | 0.50 | 0.53 | 0.16 | 0.18 | 0.19 | 0.20 | 0.21 | 0.21 | 0.23 | 0.26 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.10 | 0.21 | 0.16 | 0.17 | 0.40 | 0.54 | 0.61 | |||||||
| Analog Devices Inc. | — | — | — | 0.20 | 0.20 | 0.19 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.18 | 0.42 | 0.42 | 0.43 | 0.43 | 0.47 | 0.48 | 0.47 | 0.47 | 0.48 | 0.51 | 0.54 | |||||||
| Applied Materials Inc. | — | — | — | 0.32 | 0.34 | 0.37 | 0.40 | 0.42 | 0.45 | 0.45 | 0.47 | 0.46 | 0.45 | 0.45 | 0.45 | 0.47 | 0.52 | 0.57 | 0.76 | 0.61 | 0.65 | 0.65 | 0.65 | 0.65 | |||||||
| Broadcom Inc. | — | — | — | 1.08 | 1.64 | 1.78 | 1.79 | 1.69 | 1.74 | 1.89 | 1.88 | 1.72 | 1.59 | 1.66 | 1.69 | 1.75 | 1.72 | 1.87 | 1.92 | 1.84 | 1.32 | 1.75 | 1.69 | 1.62 | |||||||
| Intel Corp. | — | — | — | — | 0.47 | 0.48 | 0.49 | 0.51 | 0.41 | 0.40 | 0.35 | 0.36 | 0.40 | 0.45 | 0.42 | 0.45 | 0.45 | 0.49 | 0.47 | 0.52 | 0.37 | 0.39 | 0.38 | 0.39 | |||||||
| KLA Corp. | — | — | 1.94 | 1.97 | 2.02 | 2.20 | 2.35 | 3.00 | 4.75 | 0.91 | 0.85 | 0.89 | 1.02 | 1.11 | 1.18 | 1.25 | 1.30 | 1.49 | 1.27 | 1.29 | 1.29 | 1.20 | 1.40 | 1.43 | |||||||
| Lam Research Corp. | — | — | 0.61 | 0.62 | 0.61 | 0.60 | 0.60 | 0.67 | 0.80 | 0.83 | 0.77 | 0.86 | 0.83 | 1.08 | 1.06 | 1.08 | 1.12 | 1.12 | 1.01 | 0.90 | 0.96 | 0.90 | 0.35 | 0.44 | |||||||
| Micron Technology Inc. | — | — | 0.31 | 0.31 | 0.30 | 0.29 | 0.26 | 0.21 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.15 | 0.15 | 0.16 | 0.14 | 0.18 | 0.12 | |||||||
| ON Semiconductor Corp. | — | — | — | — | 0.43 | 0.47 | 0.50 | 0.54 | 0.52 | 0.57 | 0.60 | 0.64 | 0.67 | 0.76 | 0.82 | 0.92 | 0.99 | 1.24 | 1.46 | 1.47 | 1.09 | 1.12 | 1.12 | 0.87 | |||||||
| Qualcomm Inc. | — | — | — | 0.67 | 0.71 | 0.75 | 0.81 | 0.90 | 0.86 | 0.97 | 1.18 | 1.39 | 1.58 | 1.92 | 2.12 | 2.13 | 2.59 | 4.82 | 5.24 | 3.53 | 3.25 | 3.01 | 4.24 | 4.53 | |||||||
| Texas Instruments Inc. | — | — | — | 0.84 | 0.66 | 0.67 | 0.70 | 0.66 | 0.60 | 0.55 | 0.51 | 0.55 | 0.58 | 0.64 | 0.56 | 0.61 | 0.74 | 0.82 | 0.89 | 0.85 | 0.65 | 0.65 | 0.68 | 0.68 | |||||||
Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).
1 Q4 2024 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 9,709 ÷ 42,978 = 0.23
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | NVIDIA Corp. debt to equity ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Debt to Equity (including Operating Lease Liability)
NVIDIA Corp., debt to equity (including operating lease liability) calculation (quarterly data)
| 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 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | Jan 27, 2019 | Oct 28, 2018 | Jul 29, 2018 | Apr 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 1,250) | 1,249) | 1,249) | 1,250) | 1,250) | 1,249) | 1,249) | —) | —) | —) | 1,000) | 999) | 999) | 998) | —) | —) | —) | —) | —) | —) | —) | 3) | 14) | 14) | |||||||
| Long-term debt | 8,459) | 8,457) | 8,456) | 9,704) | 9,703) | 9,701) | 9,700) | 10,947) | 10,946) | 10,944) | 10,943) | 5,964) | 5,964) | 5,963) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,987) | 1,987) | 1,986) | |||||||
| Total debt | 9,709) | 9,706) | 9,705) | 10,954) | 10,953) | 10,950) | 10,949) | 10,947) | 10,946) | 10,944) | 11,943) | 6,963) | 6,963) | 6,961) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,990) | 2,001) | 2,000) | |||||||
| Long-term operating lease liabilities | 1,119) | 1,091) | 1,041) | 939) | 902) | 798) | 743) | 752) | 741) | 743) | 716) | 640) | 634) | 604) | 611) | 519) | 561) | 469) | 483) | 486) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 10,828) | 10,797) | 10,746) | 11,893) | 11,855) | 11,748) | 11,692) | 11,699) | 11,687) | 11,687) | 12,659) | 7,603) | 7,597) | 7,565) | 7,571) | 7,478) | 2,552) | 2,459) | 2,472) | 2,474) | 1,988) | 1,990) | 2,001) | 2,000) | |||||||
| Shareholders’ equity | 42,978) | 33,265) | 27,501) | 24,520) | 22,101) | 21,349) | 23,851) | 26,320) | 26,612) | 23,798) | 21,147) | 18,774) | 16,893) | 15,334) | 13,914) | 13,099) | 12,204) | 11,214) | 10,336) | 9,704) | 9,342) | 9,475) | 8,795) | 7,717) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 0.25 | 0.32 | 0.39 | 0.49 | 0.54 | 0.55 | 0.49 | 0.44 | 0.44 | 0.49 | 0.60 | 0.40 | 0.45 | 0.49 | 0.54 | 0.57 | 0.21 | 0.22 | 0.24 | 0.25 | 0.21 | 0.21 | 0.23 | 0.26 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.04 | 0.09 | 0.08 | 0.08 | 0.09 | 0.09 | 0.15 | 0.27 | 0.23 | 0.24 | 0.49 | 0.65 | 0.73 | |||||||
| Micron Technology Inc. | — | — | 0.33 | 0.33 | 0.32 | 0.30 | 0.27 | 0.22 | 0.15 | 0.15 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.19 | 0.16 | 0.17 | 0.16 | 0.14 | 0.18 | 0.12 | |||||||
Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).
1 Q4 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity
= 10,828 ÷ 42,978 = 0.25
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | NVIDIA Corp. debt to equity ratio (including operating lease liability) improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Debt to Capital
NVIDIA Corp., debt to capital calculation (quarterly data)
| 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 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | Jan 27, 2019 | Oct 28, 2018 | Jul 29, 2018 | Apr 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 1,250) | 1,249) | 1,249) | 1,250) | 1,250) | 1,249) | 1,249) | —) | —) | —) | 1,000) | 999) | 999) | 998) | —) | —) | —) | —) | —) | —) | —) | 3) | 14) | 14) | |||||||
| Long-term debt | 8,459) | 8,457) | 8,456) | 9,704) | 9,703) | 9,701) | 9,700) | 10,947) | 10,946) | 10,944) | 10,943) | 5,964) | 5,964) | 5,963) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,987) | 1,987) | 1,986) | |||||||
| Total debt | 9,709) | 9,706) | 9,705) | 10,954) | 10,953) | 10,950) | 10,949) | 10,947) | 10,946) | 10,944) | 11,943) | 6,963) | 6,963) | 6,961) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,990) | 2,001) | 2,000) | |||||||
| Shareholders’ equity | 42,978) | 33,265) | 27,501) | 24,520) | 22,101) | 21,349) | 23,851) | 26,320) | 26,612) | 23,798) | 21,147) | 18,774) | 16,893) | 15,334) | 13,914) | 13,099) | 12,204) | 11,214) | 10,336) | 9,704) | 9,342) | 9,475) | 8,795) | 7,717) | |||||||
| Total capital | 52,687) | 42,971) | 37,206) | 35,474) | 33,054) | 32,299) | 34,800) | 37,267) | 37,558) | 34,742) | 33,090) | 25,737) | 23,856) | 22,295) | 20,874) | 20,058) | 14,195) | 13,204) | 12,325) | 11,692) | 11,330) | 11,465) | 10,796) | 9,717) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to capital1 | 0.18 | 0.23 | 0.26 | 0.31 | 0.33 | 0.34 | 0.31 | 0.29 | 0.29 | 0.32 | 0.36 | 0.27 | 0.29 | 0.31 | 0.33 | 0.35 | 0.14 | 0.15 | 0.16 | 0.17 | 0.18 | 0.17 | 0.19 | 0.21 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.09 | 0.17 | 0.14 | 0.15 | 0.29 | 0.35 | 0.38 | |||||||
| Analog Devices Inc. | — | — | — | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.15 | 0.30 | 0.30 | 0.30 | 0.30 | 0.32 | 0.33 | 0.32 | 0.32 | 0.33 | 0.34 | 0.35 | |||||||
| Applied Materials Inc. | — | — | — | 0.24 | 0.25 | 0.27 | 0.29 | 0.30 | 0.31 | 0.31 | 0.32 | 0.31 | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.36 | 0.43 | 0.38 | 0.39 | 0.40 | 0.39 | 0.39 | |||||||
| Broadcom Inc. | — | — | — | 0.52 | 0.62 | 0.64 | 0.64 | 0.63 | 0.64 | 0.65 | 0.65 | 0.63 | 0.61 | 0.62 | 0.63 | 0.64 | 0.63 | 0.65 | 0.66 | 0.65 | 0.57 | 0.64 | 0.63 | 0.62 | |||||||
| Intel Corp. | — | — | — | — | 0.32 | 0.32 | 0.33 | 0.34 | 0.29 | 0.28 | 0.26 | 0.27 | 0.29 | 0.31 | 0.29 | 0.31 | 0.31 | 0.33 | 0.32 | 0.34 | 0.27 | 0.28 | 0.28 | 0.28 | |||||||
| KLA Corp. | — | — | 0.66 | 0.66 | 0.67 | 0.69 | 0.70 | 0.75 | 0.83 | 0.48 | 0.46 | 0.47 | 0.50 | 0.52 | 0.54 | 0.55 | 0.57 | 0.60 | 0.56 | 0.56 | 0.56 | 0.55 | 0.58 | 0.59 | |||||||
| Lam Research Corp. | — | — | 0.38 | 0.38 | 0.38 | 0.37 | 0.38 | 0.40 | 0.44 | 0.45 | 0.44 | 0.46 | 0.45 | 0.52 | 0.51 | 0.52 | 0.53 | 0.53 | 0.50 | 0.47 | 0.49 | 0.47 | 0.26 | 0.31 | |||||||
| Micron Technology Inc. | — | — | 0.24 | 0.24 | 0.23 | 0.23 | 0.21 | 0.17 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.13 | 0.13 | 0.14 | 0.12 | 0.15 | 0.11 | |||||||
| ON Semiconductor Corp. | — | — | — | — | 0.30 | 0.32 | 0.33 | 0.35 | 0.34 | 0.36 | 0.37 | 0.39 | 0.40 | 0.43 | 0.45 | 0.48 | 0.50 | 0.55 | 0.59 | 0.60 | 0.52 | 0.53 | 0.53 | 0.46 | |||||||
| Qualcomm Inc. | — | — | — | 0.40 | 0.42 | 0.43 | 0.45 | 0.47 | 0.46 | 0.49 | 0.54 | 0.58 | 0.61 | 0.66 | 0.68 | 0.68 | 0.72 | 0.83 | 0.84 | 0.78 | 0.76 | 0.75 | 0.81 | 0.82 | |||||||
| Texas Instruments Inc. | — | — | — | 0.46 | 0.40 | 0.40 | 0.41 | 0.40 | 0.37 | 0.35 | 0.34 | 0.36 | 0.37 | 0.39 | 0.36 | 0.38 | 0.43 | 0.45 | 0.47 | 0.46 | 0.39 | 0.39 | 0.41 | 0.41 | |||||||
Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).
1 Q4 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,709 ÷ 52,687 = 0.18
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | NVIDIA Corp. debt to capital ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Debt to Capital (including Operating Lease Liability)
NVIDIA Corp., debt to capital (including operating lease liability) calculation (quarterly data)
| 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 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | Jan 27, 2019 | Oct 28, 2018 | Jul 29, 2018 | Apr 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 1,250) | 1,249) | 1,249) | 1,250) | 1,250) | 1,249) | 1,249) | —) | —) | —) | 1,000) | 999) | 999) | 998) | —) | —) | —) | —) | —) | —) | —) | 3) | 14) | 14) | |||||||
| Long-term debt | 8,459) | 8,457) | 8,456) | 9,704) | 9,703) | 9,701) | 9,700) | 10,947) | 10,946) | 10,944) | 10,943) | 5,964) | 5,964) | 5,963) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,987) | 1,987) | 1,986) | |||||||
| Total debt | 9,709) | 9,706) | 9,705) | 10,954) | 10,953) | 10,950) | 10,949) | 10,947) | 10,946) | 10,944) | 11,943) | 6,963) | 6,963) | 6,961) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,990) | 2,001) | 2,000) | |||||||
| Long-term operating lease liabilities | 1,119) | 1,091) | 1,041) | 939) | 902) | 798) | 743) | 752) | 741) | 743) | 716) | 640) | 634) | 604) | 611) | 519) | 561) | 469) | 483) | 486) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 10,828) | 10,797) | 10,746) | 11,893) | 11,855) | 11,748) | 11,692) | 11,699) | 11,687) | 11,687) | 12,659) | 7,603) | 7,597) | 7,565) | 7,571) | 7,478) | 2,552) | 2,459) | 2,472) | 2,474) | 1,988) | 1,990) | 2,001) | 2,000) | |||||||
| Shareholders’ equity | 42,978) | 33,265) | 27,501) | 24,520) | 22,101) | 21,349) | 23,851) | 26,320) | 26,612) | 23,798) | 21,147) | 18,774) | 16,893) | 15,334) | 13,914) | 13,099) | 12,204) | 11,214) | 10,336) | 9,704) | 9,342) | 9,475) | 8,795) | 7,717) | |||||||
| Total capital (including operating lease liability) | 53,806) | 44,062) | 38,247) | 36,413) | 33,956) | 33,097) | 35,543) | 38,019) | 38,299) | 35,485) | 33,806) | 26,377) | 24,490) | 22,899) | 21,485) | 20,577) | 14,756) | 13,673) | 12,808) | 12,178) | 11,330) | 11,465) | 10,796) | 9,717) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.20 | 0.25 | 0.28 | 0.33 | 0.35 | 0.35 | 0.33 | 0.31 | 0.31 | 0.33 | 0.37 | 0.29 | 0.31 | 0.33 | 0.35 | 0.36 | 0.17 | 0.18 | 0.19 | 0.20 | 0.18 | 0.17 | 0.19 | 0.21 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.08 | 0.08 | 0.07 | 0.08 | 0.08 | 0.13 | 0.21 | 0.19 | 0.20 | 0.33 | 0.40 | 0.42 | |||||||
| Micron Technology Inc. | — | — | 0.25 | 0.25 | 0.24 | 0.23 | 0.21 | 0.18 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.14 | 0.14 | 0.14 | 0.12 | 0.15 | 0.11 | |||||||
Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).
1 Q4 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 10,828 ÷ 53,806 = 0.20
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | NVIDIA Corp. debt to capital ratio (including operating lease liability) improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Debt to Assets
NVIDIA Corp., debt to assets calculation (quarterly data)
| 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 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | Jan 27, 2019 | Oct 28, 2018 | Jul 29, 2018 | Apr 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 1,250) | 1,249) | 1,249) | 1,250) | 1,250) | 1,249) | 1,249) | —) | —) | —) | 1,000) | 999) | 999) | 998) | —) | —) | —) | —) | —) | —) | —) | 3) | 14) | 14) | |||||||
| Long-term debt | 8,459) | 8,457) | 8,456) | 9,704) | 9,703) | 9,701) | 9,700) | 10,947) | 10,946) | 10,944) | 10,943) | 5,964) | 5,964) | 5,963) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,987) | 1,987) | 1,986) | |||||||
| Total debt | 9,709) | 9,706) | 9,705) | 10,954) | 10,953) | 10,950) | 10,949) | 10,947) | 10,946) | 10,944) | 11,943) | 6,963) | 6,963) | 6,961) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,990) | 2,001) | 2,000) | |||||||
| Total assets | 65,728) | 54,148) | 49,555) | 44,460) | 41,182) | 40,488) | 43,476) | 45,212) | 44,187) | 40,632) | 38,650) | 30,796) | 28,791) | 26,881) | 25,180) | 23,254) | 17,315) | 15,810) | 14,775) | 14,021) | 13,292) | 13,657) | 12,882) | 11,460) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to assets1 | 0.15 | 0.18 | 0.20 | 0.25 | 0.27 | 0.27 | 0.25 | 0.24 | 0.25 | 0.27 | 0.31 | 0.23 | 0.24 | 0.26 | 0.28 | 0.30 | 0.11 | 0.13 | 0.13 | 0.14 | 0.15 | 0.15 | 0.16 | 0.17 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.10 | 0.08 | 0.08 | 0.17 | 0.20 | 0.22 | |||||||
| Analog Devices Inc. | — | — | — | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.12 | 0.12 | 0.13 | 0.24 | 0.24 | 0.24 | 0.24 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.27 | 0.29 | |||||||
| Applied Materials Inc. | — | — | — | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.23 | 0.23 | 0.24 | 0.26 | 0.31 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | |||||||
| Broadcom Inc. | — | — | — | 0.43 | 0.54 | 0.55 | 0.55 | 0.54 | 0.54 | 0.55 | 0.55 | 0.54 | 0.53 | 0.53 | 0.54 | 0.54 | 0.54 | 0.56 | 0.56 | 0.55 | 0.49 | 0.54 | 0.53 | 0.52 | |||||||
| Intel Corp. | — | — | — | — | 0.26 | 0.26 | 0.26 | 0.27 | 0.23 | 0.23 | 0.21 | 0.21 | 0.23 | 0.24 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 | 0.27 | 0.21 | 0.22 | 0.22 | 0.22 | |||||||
| KLA Corp. | — | — | 0.41 | 0.42 | 0.42 | 0.43 | 0.45 | 0.48 | 0.53 | 0.31 | 0.29 | 0.31 | 0.34 | 0.35 | 0.35 | 0.37 | 0.37 | 0.39 | 0.37 | 0.37 | 0.38 | 0.37 | 0.40 | 0.40 | |||||||
| Lam Research Corp. | — | — | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 | 0.27 | 0.29 | 0.30 | 0.30 | 0.32 | 0.31 | 0.38 | 0.38 | 0.39 | 0.40 | 0.39 | 0.37 | 0.36 | 0.37 | 0.37 | 0.19 | 0.21 | |||||||
| Micron Technology Inc. | — | — | 0.21 | 0.21 | 0.21 | 0.20 | 0.18 | 0.15 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.11 | 0.11 | 0.12 | 0.11 | 0.13 | 0.09 | |||||||
| ON Semiconductor Corp. | — | — | — | — | 0.25 | 0.26 | 0.27 | 0.29 | 0.27 | 0.29 | 0.30 | 0.31 | 0.32 | 0.35 | 0.36 | 0.39 | 0.40 | 0.46 | 0.50 | 0.50 | 0.43 | 0.42 | 0.43 | 0.37 | |||||||
| Qualcomm Inc. | — | — | — | 0.30 | 0.30 | 0.32 | 0.33 | 0.34 | 0.32 | 0.33 | 0.35 | 0.37 | 0.38 | 0.41 | 0.42 | 0.42 | 0.44 | 0.49 | 0.50 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | |||||||
| Texas Instruments Inc. | — | — | — | 0.41 | 0.35 | 0.35 | 0.36 | 0.35 | 0.32 | 0.30 | 0.29 | 0.31 | 0.31 | 0.33 | 0.30 | 0.32 | 0.35 | 0.37 | 0.39 | 0.38 | 0.32 | 0.32 | 0.33 | 0.33 | |||||||
Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).
1 Q4 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 9,709 ÷ 65,728 = 0.15
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | NVIDIA Corp. debt to assets ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Debt to Assets (including Operating Lease Liability)
NVIDIA Corp., debt to assets (including operating lease liability) calculation (quarterly data)
| 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 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | Jan 27, 2019 | Oct 28, 2018 | Jul 29, 2018 | Apr 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Short-term debt | 1,250) | 1,249) | 1,249) | 1,250) | 1,250) | 1,249) | 1,249) | —) | —) | —) | 1,000) | 999) | 999) | 998) | —) | —) | —) | —) | —) | —) | —) | 3) | 14) | 14) | |||||||
| Long-term debt | 8,459) | 8,457) | 8,456) | 9,704) | 9,703) | 9,701) | 9,700) | 10,947) | 10,946) | 10,944) | 10,943) | 5,964) | 5,964) | 5,963) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,987) | 1,987) | 1,986) | |||||||
| Total debt | 9,709) | 9,706) | 9,705) | 10,954) | 10,953) | 10,950) | 10,949) | 10,947) | 10,946) | 10,944) | 11,943) | 6,963) | 6,963) | 6,961) | 6,960) | 6,959) | 1,991) | 1,990) | 1,989) | 1,988) | 1,988) | 1,990) | 2,001) | 2,000) | |||||||
| Long-term operating lease liabilities | 1,119) | 1,091) | 1,041) | 939) | 902) | 798) | 743) | 752) | 741) | 743) | 716) | 640) | 634) | 604) | 611) | 519) | 561) | 469) | 483) | 486) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 10,828) | 10,797) | 10,746) | 11,893) | 11,855) | 11,748) | 11,692) | 11,699) | 11,687) | 11,687) | 12,659) | 7,603) | 7,597) | 7,565) | 7,571) | 7,478) | 2,552) | 2,459) | 2,472) | 2,474) | 1,988) | 1,990) | 2,001) | 2,000) | |||||||
| Total assets | 65,728) | 54,148) | 49,555) | 44,460) | 41,182) | 40,488) | 43,476) | 45,212) | 44,187) | 40,632) | 38,650) | 30,796) | 28,791) | 26,881) | 25,180) | 23,254) | 17,315) | 15,810) | 14,775) | 14,021) | 13,292) | 13,657) | 12,882) | 11,460) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.16 | 0.20 | 0.22 | 0.27 | 0.29 | 0.29 | 0.27 | 0.26 | 0.26 | 0.29 | 0.33 | 0.25 | 0.26 | 0.28 | 0.30 | 0.32 | 0.15 | 0.16 | 0.17 | 0.18 | 0.15 | 0.15 | 0.16 | 0.17 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.08 | 0.14 | 0.12 | 0.11 | 0.20 | 0.24 | 0.27 | |||||||
| Micron Technology Inc. | — | — | 0.22 | 0.22 | 0.22 | 0.21 | 0.19 | 0.16 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.12 | 0.12 | 0.12 | 0.11 | 0.13 | 0.09 | |||||||
Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).
1 Q4 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 10,828 ÷ 65,728 = 0.16
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | NVIDIA Corp. debt to assets ratio (including operating lease liability) improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Financial Leverage
NVIDIA Corp., financial leverage calculation (quarterly data)
| 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 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | Jan 27, 2019 | Oct 28, 2018 | Jul 29, 2018 | Apr 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Total assets | 65,728) | 54,148) | 49,555) | 44,460) | 41,182) | 40,488) | 43,476) | 45,212) | 44,187) | 40,632) | 38,650) | 30,796) | 28,791) | 26,881) | 25,180) | 23,254) | 17,315) | 15,810) | 14,775) | 14,021) | 13,292) | 13,657) | 12,882) | 11,460) | |||||||
| Shareholders’ equity | 42,978) | 33,265) | 27,501) | 24,520) | 22,101) | 21,349) | 23,851) | 26,320) | 26,612) | 23,798) | 21,147) | 18,774) | 16,893) | 15,334) | 13,914) | 13,099) | 12,204) | 11,214) | 10,336) | 9,704) | 9,342) | 9,475) | 8,795) | 7,717) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Financial leverage1 | 1.53 | 1.63 | 1.80 | 1.81 | 1.86 | 1.90 | 1.82 | 1.72 | 1.66 | 1.71 | 1.83 | 1.64 | 1.70 | 1.75 | 1.81 | 1.78 | 1.42 | 1.41 | 1.43 | 1.44 | 1.42 | 1.44 | 1.46 | 1.49 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 1.21 | 1.23 | 1.23 | 1.24 | 1.23 | 1.24 | 1.22 | 1.21 | 1.66 | 1.56 | 1.51 | 1.55 | 1.54 | 1.82 | 1.99 | 1.93 | 2.13 | 2.41 | 2.68 | 2.76 | |||||||
| Analog Devices Inc. | — | — | — | 1.36 | 1.37 | 1.37 | 1.38 | 1.38 | 1.38 | 1.37 | 1.37 | 1.37 | 1.38 | 1.76 | 1.77 | 1.77 | 1.79 | 1.83 | 1.84 | 1.83 | 1.83 | 1.83 | 1.85 | 1.88 | |||||||
| Applied Materials Inc. | — | — | — | 1.81 | 1.88 | 2.01 | 2.06 | 2.08 | 2.19 | 2.17 | 2.20 | 2.14 | 2.11 | 2.03 | 2.01 | 2.03 | 2.11 | 2.21 | 2.42 | 2.28 | 2.32 | 2.32 | 2.29 | 2.31 | |||||||
| Broadcom Inc. | — | — | — | 2.53 | 3.04 | 3.24 | 3.26 | 3.13 | 3.23 | 3.42 | 3.42 | 3.19 | 3.03 | 3.12 | 3.15 | 3.21 | 3.18 | 3.37 | 3.41 | 3.32 | 2.71 | 3.24 | 3.20 | 3.10 | |||||||
| Intel Corp. | — | — | — | — | 1.81 | 1.85 | 1.84 | 1.89 | 1.80 | 1.75 | 1.68 | 1.71 | 1.77 | 1.86 | 1.81 | 1.89 | 1.89 | 1.95 | 1.86 | 1.93 | 1.76 | 1.80 | 1.74 | 1.76 | |||||||
| KLA Corp. | — | — | 4.69 | 4.73 | 4.82 | 5.10 | 5.27 | 6.24 | 8.99 | 2.95 | 2.89 | 2.89 | 3.04 | 3.19 | 3.34 | 3.39 | 3.48 | 3.83 | 3.46 | 3.47 | 3.39 | 3.22 | 3.51 | 3.60 | |||||||
| Lam Research Corp. | — | — | 2.28 | 2.30 | 2.29 | 2.29 | 2.31 | 2.53 | 2.74 | 2.75 | 2.58 | 2.67 | 2.64 | 2.85 | 2.79 | 2.78 | 2.81 | 2.85 | 2.72 | 2.50 | 2.57 | 2.44 | 1.86 | 2.06 | |||||||
| Micron Technology Inc. | — | — | 1.50 | 1.49 | 1.46 | 1.45 | 1.41 | 1.38 | 1.33 | 1.32 | 1.33 | 1.33 | 1.34 | 1.32 | 1.33 | 1.35 | 1.38 | 1.38 | 1.34 | 1.36 | 1.36 | 1.31 | 1.37 | 1.32 | |||||||
| ON Semiconductor Corp. | — | — | — | — | 1.70 | 1.77 | 1.83 | 1.90 | 1.94 | 1.96 | 2.00 | 2.04 | 2.10 | 2.17 | 2.27 | 2.38 | 2.45 | 2.70 | 2.94 | 2.93 | 2.55 | 2.65 | 2.60 | 2.37 | |||||||
| Qualcomm Inc. | — | — | — | 2.26 | 2.37 | 2.37 | 2.46 | 2.66 | 2.72 | 2.93 | 3.32 | 3.78 | 4.14 | 4.74 | 5.01 | 5.08 | 5.86 | 9.78 | 10.49 | 7.34 | 6.71 | 6.25 | 8.80 | 9.47 | |||||||
| Texas Instruments Inc. | — | — | — | 2.05 | 1.91 | 1.90 | 1.94 | 1.92 | 1.87 | 1.80 | 1.75 | 1.80 | 1.85 | 1.92 | 1.85 | 1.93 | 2.11 | 2.19 | 2.28 | 2.23 | 2.02 | 2.00 | 2.05 | 2.05 | |||||||
Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).
1 Q4 2024 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 65,728 ÷ 42,978 = 1.53
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | NVIDIA Corp. financial leverage ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |
Interest Coverage
NVIDIA Corp., interest coverage calculation (quarterly data)
| 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 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | Jan 27, 2019 | Oct 28, 2018 | Jul 29, 2018 | Apr 29, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||
| Net income | 12,286) | 9,243) | 6,188) | 2,043) | 1,414) | 680) | 656) | 1,618) | 3,002) | 2,464) | 2,374) | 1,912) | 1,457) | 1,336) | 622) | 917) | 951) | 899) | 552) | 394) | 566) | 1,230) | 1,101) | 1,244) | |||||||
| Add: Income tax expense | 1,820) | 1,279) | 793) | 166) | (126) | (67) | (181) | 187) | (137) | 174) | 20) | 132) | 14) | 12) | (13) | 64) | 65) | 60) | 54) | (5) | (242) | (149) | 79) | 67) | |||||||
| Add: Interest expense | 63) | 63) | 65) | 66) | 64) | 65) | 65) | 68) | 61) | 62) | 60) | 53) | 52) | 53) | 54) | 25) | 13) | 13) | 13) | 13) | 14) | 15) | 14) | 15) | |||||||
| Earnings before interest and tax (EBIT) | 14,169) | 10,585) | 7,046) | 2,275) | 1,352) | 678) | 540) | 1,873) | 2,926) | 2,700) | 2,454) | 2,097) | 1,523) | 1,401) | 663) | 1,006) | 1,029) | 972) | 619) | 402) | 338) | 1,096) | 1,194) | 1,326) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||
| Interest coverage1 | 132.59 | 82.40 | 43.66 | 18.63 | 16.96 | 23.23 | 31.40 | 39.65 | 43.12 | 38.65 | 34.29 | 26.81 | 24.96 | 28.27 | 34.95 | 56.66 | 58.12 | 43.98 | 44.64 | 54.11 | 68.17 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 5.79 | 1.05 | -2.15 | 2.73 | 14.61 | 33.91 | 69.08 | 104.42 | 109.09 | 87.31 | 63.00 | 41.84 | 28.23 | 17.71 | 10.58 | 7.71 | 4.96 | — | — | — | |||||||
| Analog Devices Inc. | — | — | — | 11.83 | 14.63 | 17.96 | 19.23 | 19.42 | 16.46 | 10.14 | 9.06 | 7.26 | 8.19 | 11.64 | 10.46 | 9.14 | 7.79 | 7.05 | 6.72 | 6.99 | 7.49 | 7.97 | 8.13 | 7.96 | |||||||
| Applied Materials Inc. | — | — | — | 34.86 | 33.42 | 32.62 | 33.39 | 34.20 | 34.33 | 34.58 | 34.95 | 33.14 | 29.69 | 26.24 | 21.94 | 19.19 | 18.36 | 16.68 | 15.79 | 15.35 | 14.79 | 15.40 | 17.25 | 19.81 | |||||||
| Broadcom Inc. | — | — | — | 6.88 | 10.31 | 10.09 | 9.94 | 8.83 | 8.16 | 7.22 | 6.28 | 5.69 | 4.59 | 4.06 | 3.40 | 2.82 | 2.37 | 2.19 | 2.24 | 2.50 | 2.54 | 3.36 | 4.52 | 6.10 | |||||||
| KLA Corp. | — | — | 11.51 | 13.03 | 13.76 | 15.81 | 18.22 | 20.31 | 22.76 | 21.81 | 20.60 | 17.91 | 16.00 | 14.05 | 10.71 | 9.97 | 9.22 | 8.12 | 9.19 | 9.95 | 11.40 | 14.09 | 15.78 | 15.05 | |||||||
| Micron Technology Inc. | — | — | -7.02 | -13.14 | -13.58 | -7.73 | 10.11 | 36.19 | 51.66 | 58.47 | 51.74 | 45.03 | 35.18 | 24.82 | 19.35 | 17.83 | 16.41 | 14.78 | 15.68 | 28.05 | 56.09 | 78.27 | 73.31 | 61.90 | |||||||
| ON Semiconductor Corp. | — | — | — | — | 34.90 | 32.08 | 26.51 | 23.87 | 25.89 | 21.78 | 19.87 | 15.24 | 9.88 | 6.79 | 4.44 | 2.86 | 2.05 | 1.82 | 0.86 | 1.64 | 2.87 | — | — | — | |||||||
| Qualcomm Inc. | — | — | — | 12.44 | 11.72 | 15.28 | 22.27 | 26.92 | 31.61 | 31.54 | 24.20 | 21.71 | 19.38 | 18.60 | 16.10 | 13.40 | 10.50 | 6.17 | 13.70 | 13.71 | 12.93 | 9.89 | 3.10 | 2.46 | |||||||
| Texas Instruments Inc. | — | — | — | 17.87 | 22.01 | 26.51 | 33.49 | 42.10 | 47.88 | 51.88 | 52.00 | 51.03 | 49.47 | 46.81 | 42.15 | 36.25 | 32.67 | 29.59 | 30.50 | 32.50 | 34.69 | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28), 10-K (reporting date: 2019-01-27), 10-Q (reporting date: 2018-10-28), 10-Q (reporting date: 2018-07-29), 10-Q (reporting date: 2018-04-29).
1 Q4 2024 Calculation
Interest coverage
= (EBITQ4 2024
+ EBITQ3 2024
+ EBITQ2 2024
+ EBITQ1 2024)
÷ (Interest expenseQ4 2024
+ Interest expenseQ3 2024
+ Interest expenseQ2 2024
+ Interest expenseQ1 2024)
= (14,169 + 10,585 + 7,046 + 2,275)
÷ (63 + 63 + 65 + 66)
= 132.59
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | NVIDIA Corp. interest coverage ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024. |