NVIDIA Corporation (NVDA)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,280,000 | 5,519,000 | 5,783,000 | 5,079,000 | 3,389,000 | 2,800,000 | 3,013,000 | 3,887,000 | 1,990,000 | 1,288,000 | 5,628,000 | 978,000 | 847,000 | 2,251,000 | 3,274,000 | 15,494,000 | 10,896,000 | 9,765,000 | 7,105,000 | 2,772,000 |
| Short-term investments | US$ in thousands | 18,704,000 | 12,762,000 | 10,240,000 | 10,241,000 | 9,907,000 | 10,343,000 | 14,024,000 | 16,451,000 | 19,218,000 | 18,010,000 | 14,026,000 | 11,689,000 | 10,714,000 | 7,888,000 | 7,707,000 | 860,000 | 1,000 | 4,000 | 1,370,000 | 5,030,000 |
| Total current liabilities | US$ in thousands | 10,631,000 | 9,101,000 | 10,334,000 | 7,260,000 | 6,563,000 | 6,855,000 | 7,573,000 | 5,562,000 | 4,335,000 | 3,612,000 | 4,448,000 | 4,004,000 | 3,925,000 | 3,669,000 | 2,410,000 | 1,903,000 | 1,784,000 | 1,475,000 | 1,317,000 | 1,183,000 |
| Cash ratio | 2.44 | 2.01 | 1.55 | 2.11 | 2.03 | 1.92 | 2.25 | 3.66 | 4.89 | 5.34 | 4.42 | 3.16 | 2.95 | 2.76 | 4.56 | 8.59 | 6.11 | 6.62 | 6.44 | 6.60 |
January 28, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,280,000K
+ $18,704,000K)
÷ $10,631,000K
= 2.44
The cash ratio of NVIDIA Corp has been fluctuating over the past eight quarters, ranging from a low of 1.68 to a high of 3.77. The cash ratio measures the company's ability to pay off its current liabilities using only its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations without needing to rely on other current assets.
In the most recent quarter, Q4 2024, NVIDIA Corp's cash ratio stood at 2.73, which indicates that the company had $2.73 in cash and cash equivalents for every $1 of current liabilities. This suggests that the company is in a strong position to meet its short-term financial obligations.
Overall, the trend in NVIDIA Corp's cash ratio over the past eight quarters shows some variability but generally indicates a healthy liquidity position. Investors and analysts may view a consistent or increasing trend in the cash ratio as a positive signal of the company's financial strength and ability to weather unexpected events or economic downturns.
Peer comparison
Jan 28, 2024