NVIDIA Corporation (NVDA)

Debt-to-assets ratio

		Jan 31, 2025	Jan 31, 2024	Jan 28, 2024	Jan 31, 2023	Jan 29, 2023
Long-term debt	US$ in thousands	—	—	8,459,000	—	9,703,000
Total assets	US$ in thousands	111,601,000	65,728,000	65,728,000	41,182,000	41,182,000
Debt-to-assets ratio		0.00	0.00	0.13	0.00	0.24

January 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $111,601,000K
= 0.00

The debt-to-assets ratio for NVIDIA Corporation has shown a consistent trend over the years based on the provided data. As of January 29, 2023, the ratio stood at 0.24, indicating that approximately 24% of the company's assets were financed by debt. However, there was a significant decrease in debt financing, as reflected by a ratio of 0.00 on January 31, 2023, and January 31, 2024. This suggests that NVIDIA Corporation was relying less on debt to fund its operations or investments during these periods.

Subsequently, as of January 28, 2024 and January 31, 2025, the debt-to-assets ratio remained at 0.13 and 0.00, respectively, showcasing a continued low level of debt relative to total assets. A consistently low debt-to-assets ratio can indicate a strong financial position and efficient management of capital structure, as the company is not overly burdened by debt obligations.

Overall, the data suggests that NVIDIA Corporation has maintained a prudent approach to debt management, with a focus on maintaining a healthy balance between debt and assets to support sustainable growth and financial stability.