NVIDIA Corporation (NVDA)

Debt-to-capital ratio

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Jan 26, 2020
Long-term debt	US$ in thousands	8,459,000	9,703,000	10,946,000	5,964,000	1,991,000
Total stockholders’ equity	US$ in thousands	42,978,000	22,101,000	26,612,000	16,893,000	12,204,000
Debt-to-capital ratio		0.16	0.31	0.29	0.26	0.14

January 28, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $8,459,000K ÷ ($8,459,000K + $42,978,000K)
= 0.16

The debt-to-capital ratio of NVIDIA Corp has shown fluctuations over the past five years. In the most recent fiscal year as of January 28, 2024, the ratio stands at 0.18, suggesting that 18% of the company's capital structure is financed by debt. This represents a decrease from the ratio of 0.33 in the previous year, indicating a reduction in the proportion of debt relative to total capital.

Comparing the latest ratio to the figures from the preceding years, we observe that the ratio was relatively stable at around 0.29 in both January 30, 2022, and January 31, 2021. However, there was a significant decrease to 0.14 as of January 26, 2020, reflecting a lower reliance on debt for capital financing at that time.

Overall, the trend in NVIDIA Corp's debt-to-capital ratio suggests variations in the company's leverage and capital structure over the past five years, with the recent decrease indicating a potential shift towards a less debt-heavy financing strategy.