NVIDIA Corporation (NVDA)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 44,345,000 | 32,658,000 | 28,797,000 | 24,883,000 | 23,073,000 | 23,223,000 | 27,418,000 | 29,575,000 | 28,829,000 | 25,806,000 | 25,806,000 | 18,127,000 | 16,055,000 | 14,393,000 | 14,681,000 | 19,584,000 | 13,690,000 | 12,420,000 | 11,391,000 | 10,629,000 |
| 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 |
| Current ratio | 4.17 | 3.59 | 2.79 | 3.43 | 3.52 | 3.39 | 3.62 | 5.32 | 6.65 | 7.14 | 5.80 | 4.53 | 4.09 | 3.92 | 6.09 | 10.29 | 7.67 | 8.42 | 8.65 | 8.98 |
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 fluctuating trends over the past eight quarters. In Q4 2023, the company had a current ratio of 3.52, which increased to 3.62 in Q2 2023, indicating a relatively stronger liquidity position. However, in Q1 2024, the current ratio decreased to 3.43, suggesting a slight decline in liquidity. In Q2 2024, the current ratio further decreased to 2.79, indicating that the company may be facing some challenges in meeting its short-term obligations.
However, in Q3 2024, there was a notable improvement in the current ratio to 3.59, which suggests that NVIDIA Corp's liquidity position improved during the period. This positive trend continued into Q4 2024, with the current ratio reaching 4.17, indicating a significant increase in liquidity and the company's ability to cover its short-term liabilities.
Overall, while there have been fluctuations in NVIDIA Corp's current ratio over the past eight quarters, the recent upward trend in the ratio suggests an improvement in the company's short-term liquidity position and its ability to meet its current obligations.
Peer comparison
Jan 28, 2024