NVIDIA Corporation (NVDA)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	79,327,000	65,899,000	58,157,000	49,142,000	42,978,000	42,978,000	33,265,000	33,265,000	27,501,000	27,501,000	24,520,000	22,101,000	22,101,000	21,349,000	21,349,000	23,851,000	26,320,000	26,320,000	26,612,000	26,612,000
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.20	0.00	0.25	0.00	0.31	0.00	0.00	0.44	0.00	0.45	0.00	0.42	0.00	0.00	0.41

January 31, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $79,327,000K
= 0.00

NVIDIA Corporation's debt-to-equity ratio has shown fluctuations over the years based on the provided data. The ratio was 0.41 as of January 30, 2022, indicating that the company had more debt relative to its equity. However, this ratio dropped to 0.00 by January 31, 2022, and remained at this level through April 30, 2022. This suggests that the company had no debt in relation to its equity during this period.

Subsequently, the debt-to-equity ratio increased to 0.42 by May 1, 2022, and fluctuated between 0.00 and 0.45 throughout the rest of 2022. As of January 31, 2023, the ratio stood at 0.44, showing a slight increase in the company's debt relative to equity.

In the following periods, the debt-to-equity ratio continued to fluctuate, reaching a low of 0.20 by January 28, 2024. From April 30, 2024, through October 31, 2024, the ratio remained at 0.00, indicating a period where the company had no debt compared to its equity.

As of January 31, 2025, the debt-to-equity ratio was still reported as 0.00, suggesting that NVIDIA Corporation had no debt in relation to its equity at that point in time. Overall, the trend of the debt-to-equity ratio for NVIDIA Corporation shows variability, with periods of both debt and debt-free capital structures.