NVIDIA Corporation (NVDA)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	8,459,000	—	8,457,000	—	8,456,000	—	—	9,703,000	—	9,701,000	—	10,947,000	—	—	10,946,000
Total assets	US$ in thousands	111,601,000	96,013,000	85,227,000	77,072,000	65,728,000	65,728,000	54,148,000	54,148,000	49,555,000	49,555,000	44,460,000	41,182,000	41,182,000	40,488,000	40,488,000	43,476,000	45,212,000	45,212,000	44,187,000	44,187,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.13	0.00	0.16	0.00	0.17	0.00	0.00	0.24	0.00	0.24	0.00	0.24	0.00	0.00	0.25

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 fluctuations over the periods provided in the data. The ratio was at 0.25 as of January 30, 2022, indicating that 25% of the company's assets were financed by debt. Subsequently, the ratio dropped to 0.00 in the following months, implying that the company had no debt relative to its assets. This trend continued with intermittent periods of 0.24 and 0.16, reflecting fluctuations in the company's debt levels.

Overall, the decreasing trend in the debt-to-assets ratio suggests that NVIDIA Corporation has been reducing its reliance on debt financing in relation to its asset base. A lower debt-to-assets ratio generally indicates lower financial risk and greater financial stability for the company. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's financial health and performance.