NVIDIA Corporation (NVDA)
Current ratio
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 44,345,000 | 23,073,000 | 28,829,000 | 16,055,000 | 13,690,000 |
| Total current liabilities | US$ in thousands | 10,631,000 | 6,563,000 | 4,335,000 | 3,925,000 | 1,784,000 |
| Current ratio | 4.17 | 3.52 | 6.65 | 4.09 | 7.67 |
January 28, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $44,345,000K ÷ $10,631,000K
= 4.17
The current ratio of NVIDIA Corp has shown some fluctuations over the past five years, ranging from a low of 3.52 in January 2023 to a high of 7.67 in January 2020. As of January 28, 2024, the current ratio stands at 4.17, indicating that the company has $4.17 in current assets for every $1 in current liabilities. This suggests that NVIDIA Corp has a strong ability to meet its short-term obligations using its current assets. The downward trend from 6.65 in January 2022 to 4.17 in January 2024 may raise some concerns about liquidity management, but the current ratio remains at a healthy level overall.
Peer comparison
Jan 28, 2024