NVIDIA Corporation (NVDA)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 8,459,000 | 8,457,000 | 8,456,000 | 9,704,000 | 9,703,000 | 9,701,000 | 9,700,000 | 10,947,000 | 10,946,000 | 10,944,000 | 10,943,000 | 5,964,000 | 5,964,000 | 5,963,000 | — | — | 1,991,000 | — | — | — |
| Total assets | US$ in thousands | 65,728,000 | 54,148,000 | 49,555,000 | 44,460,000 | 41,182,000 | 40,488,000 | 43,476,000 | 45,212,000 | 44,187,000 | 40,632,000 | 38,650,000 | 30,796,000 | 28,791,000 | 26,881,000 | 25,180,000 | 23,254,000 | 17,315,000 | 15,810,000 | 14,775,000 | 14,021,000 |
| Debt-to-assets ratio | 0.13 | 0.16 | 0.17 | 0.22 | 0.24 | 0.24 | 0.22 | 0.24 | 0.25 | 0.27 | 0.28 | 0.19 | 0.21 | 0.22 | 0.00 | 0.00 | 0.11 | 0.00 | 0.00 | 0.00 |
January 28, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $8,459,000K ÷ $65,728,000K
= 0.13
The debt-to-assets ratio of NVIDIA Corp has shown a fluctuating trend over the past eight quarters. The ratio has ranged from 0.15 to 0.27 during this period.
In Q4 2024, the debt-to-assets ratio decreased to 0.15, indicating that the company's debt level in relation to its total assets has declined. This suggests that NVIDIA Corp is relying less on debt to finance its operations and investments, which could be seen as a positive sign for investors and creditors.
The ratio increased to 0.18 in Q3 2024, followed by a further increase to 0.20 in Q2 2024, indicating a slight uptrend in the company's debt relative to its assets. However, these levels are still relatively low and may not raise significant concerns about the company's financial leverage.
The debt-to-assets ratio increased notably to 0.25 in Q1 2024, signaling a substantial rise in debt compared to assets. This could potentially signify increased financial risk for NVIDIA Corp if this trend continues in future quarters.
Looking back to Q4 2023, the debt-to-assets ratio was 0.27, which remained consistent in Q3 2023, indicating a stable level of debt in relation to assets during that period. In Q2 2023, the ratio was 0.25, showing a similar level as the following quarter.
The debt-to-assets ratio in Q1 2023 was 0.24, slightly lower than in the quarters that followed. Overall, the trend in the debt-to-assets ratio for NVIDIA Corp suggests some variability in the company's debt management.
It is important for stakeholders to continue monitoring NVIDIA Corp's debt-to-assets ratio to assess the company's financial health and sustainability in managing its debt obligations relative to its total assets.
Peer comparison
Jan 28, 2024