NVIDIA Corporation (NVDA)
Current ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 80,126,000 | 67,640,000 | 59,633,000 | 53,729,000 | 44,345,000 | 44,345,000 | 32,658,000 | 32,658,000 | 28,797,000 | 28,797,000 | 24,883,000 | 23,073,000 | 23,073,000 | 23,223,000 | 23,223,000 | 27,418,000 | 29,575,000 | 29,575,000 | 28,829,000 | 28,829,000 |
| Total current liabilities | US$ in thousands | 18,047,000 | 16,479,000 | 13,969,000 | 15,223,000 | 10,631,000 | 10,631,000 | 9,101,000 | 9,101,000 | 10,334,000 | 10,334,000 | 7,260,000 | 6,563,000 | 6,563,000 | 6,855,000 | 6,855,000 | 7,573,000 | 5,562,000 | 5,562,000 | 4,335,000 | 4,335,000 |
| Current ratio | 4.44 | 4.10 | 4.27 | 3.53 | 4.17 | 4.17 | 3.59 | 3.59 | 2.79 | 2.79 | 3.43 | 3.52 | 3.52 | 3.39 | 3.39 | 3.62 | 5.32 | 5.32 | 6.65 | 6.65 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $80,126,000K ÷ $18,047,000K
= 4.44
Based on the data provided for NVIDIA Corporation, the current ratio has fluctuated over the past few years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, was relatively stable at around 6.65 in early 2022. However, it started to decline gradually throughout 2022, dropping to 3.39 by October 2022.
In early 2023, the current ratio improved slightly to 3.52 but then decreased to 2.79 by July 2023. Subsequently, there was a notable increase in the current ratio to 4.17 by January 2024, indicating a stronger ability to meet short-term obligations. However, this improvement was not sustained, as the ratio dropped to 3.53 by April 2024.
In the most recent periods, there has been some volatility in the current ratio, with fluctuations between 4.27 in July 2024 and 4.10 in October 2024, before increasing to 4.44 by January 2025. Overall, the current ratio for NVIDIA Corporation has shown some variability, suggesting shifts in the company's liquidity position and its ability to manage short-term financial obligations.
Peer comparison
Jan 31, 2025