Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
NVIDIA Corp., liquidity ratios
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | NVIDIA Corp. current ratio improved from 2023 to 2024 and from 2024 to 2025. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | NVIDIA Corp. quick ratio improved from 2023 to 2024 and from 2024 to 2025. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | NVIDIA Corp. cash ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025. |
Current Ratio
NVIDIA Corp., current ratio calculation, comparison to benchmarks
| Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Current assets | 80,126) | 44,345) | 23,073) | 28,829) | 16,055) | 13,690) | |
| Current liabilities | 18,047) | 10,631) | 6,563) | 4,335) | 3,925) | 1,784) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 4.44 | 4.17 | 3.52 | 6.65 | 4.09 | 7.67 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 2.62 | 2.51 | 2.36 | 2.02 | 2.54 | |
| Analog Devices Inc. | — | 1.84 | 1.37 | 2.02 | 1.94 | 1.84 | |
| Applied Materials Inc. | — | 2.51 | 2.60 | 2.16 | 2.54 | 3.00 | |
| Broadcom Inc. | — | 1.17 | 2.82 | 2.62 | 2.64 | 1.87 | |
| Intel Corp. | — | 1.33 | 1.54 | 1.57 | 2.10 | 1.91 | |
| KLA Corp. | — | 2.15 | 2.24 | 2.50 | 2.71 | 2.78 | |
| Lam Research Corp. | — | 2.97 | 3.16 | 2.69 | 3.30 | 3.43 | |
| Micron Technology Inc. | — | 2.64 | 4.46 | 2.89 | 3.10 | 2.71 | |
| Monolithic Power Systems Inc. | — | 5.31 | 7.74 | 5.36 | 4.96 | 5.73 | |
| Qualcomm Inc. | — | 2.40 | 2.33 | 1.75 | 1.68 | 2.14 | |
| Texas Instruments Inc. | — | 4.12 | 4.55 | 4.70 | 5.33 | 4.28 | |
| Current Ratio, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 2.15 | 2.46 | 2.35 | 2.47 | 2.47 | |
| Current Ratio, Industry | |||||||
| Information Technology | — | 1.23 | 1.41 | 1.37 | 1.55 | 1.71 | |
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26).
1 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 80,126 ÷ 18,047 = 4.44
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | NVIDIA Corp. current ratio improved from 2023 to 2024 and from 2024 to 2025. |
Quick Ratio
NVIDIA Corp., quick ratio calculation, comparison to benchmarks
| Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 8,589) | 7,280) | 3,389) | 1,990) | 847) | 10,896) | |
| Marketable securities | 34,621) | 18,704) | 9,907) | 19,218) | 10,714) | 1) | |
| Accounts receivable, net | 23,065) | 9,999) | 3,827) | 4,650) | 2,429) | 1,657) | |
| Total quick assets | 66,275) | 35,983) | 17,123) | 25,858) | 13,990) | 12,554) | |
| Current liabilities | 18,047) | 10,631) | 6,563) | 4,335) | 3,925) | 1,784) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 3.67 | 3.38 | 2.61 | 5.96 | 3.56 | 7.04 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 1.66 | 1.67 | 1.57 | 1.49 | 1.81 | |
| Analog Devices Inc. | — | 1.24 | 0.76 | 1.34 | 1.24 | 1.31 | |
| Applied Materials Inc. | — | 1.74 | 1.63 | 1.17 | 1.64 | 1.95 | |
| Broadcom Inc. | — | 0.82 | 2.34 | 2.18 | 2.27 | 1.56 | |
| Intel Corp. | — | 0.72 | 1.01 | 1.01 | 1.38 | 1.24 | |
| KLA Corp. | — | 1.36 | 1.33 | 1.57 | 1.81 | 1.82 | |
| Lam Research Corp. | — | 1.93 | 1.95 | 1.72 | 2.11 | 2.22 | |
| Micron Technology Inc. | — | 1.59 | 2.53 | 1.92 | 2.17 | 1.82 | |
| Monolithic Power Systems Inc. | — | 3.72 | 5.84 | 3.50 | 3.66 | 4.50 | |
| Qualcomm Inc. | — | 1.64 | 1.51 | 1.01 | 1.34 | 1.75 | |
| Texas Instruments Inc. | — | 2.55 | 3.12 | 3.67 | 4.45 | 3.34 | |
| Quick Ratio, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.42 | 1.64 | 1.63 | 1.80 | 1.79 | |
| Quick Ratio, Industry | |||||||
| Information Technology | — | 0.95 | 1.12 | 1.09 | 1.30 | 1.47 | |
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26).
1 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 66,275 ÷ 18,047 = 3.67
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | NVIDIA Corp. quick ratio improved from 2023 to 2024 and from 2024 to 2025. |
Cash Ratio
NVIDIA Corp., cash ratio calculation, comparison to benchmarks
| Jan 26, 2025 | Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Cash and cash equivalents | 8,589) | 7,280) | 3,389) | 1,990) | 847) | 10,896) | |
| Marketable securities | 34,621) | 18,704) | 9,907) | 19,218) | 10,714) | 1) | |
| Total cash assets | 43,210) | 25,984) | 13,296) | 21,208) | 11,561) | 10,897) | |
| Current liabilities | 18,047) | 10,631) | 6,563) | 4,335) | 3,925) | 1,784) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 2.39 | 2.44 | 2.03 | 4.89 | 2.95 | 6.11 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Advanced Micro Devices Inc. | — | 0.70 | 0.86 | 0.92 | 0.85 | 0.95 | |
| Analog Devices Inc. | — | 0.79 | 0.30 | 0.60 | 0.71 | 0.77 | |
| Applied Materials Inc. | — | 1.12 | 0.93 | 0.35 | 0.86 | 1.29 | |
| Broadcom Inc. | — | 0.56 | 1.92 | 1.76 | 1.94 | 1.20 | |
| Intel Corp. | — | 0.62 | 0.89 | 0.88 | 1.03 | 0.97 | |
| KLA Corp. | — | 0.97 | 0.87 | 0.94 | 1.19 | 1.17 | |
| Lam Research Corp. | — | 1.35 | 1.28 | 0.77 | 1.25 | 1.55 | |
| Micron Technology Inc. | — | 0.88 | 2.01 | 1.24 | 1.34 | 1.23 | |
| Monolithic Power Systems Inc. | — | 2.93 | 4.86 | 2.80 | 3.19 | 4.05 | |
| Qualcomm Inc. | — | 1.27 | 1.18 | 0.54 | 1.04 | 1.29 | |
| Texas Instruments Inc. | — | 2.08 | 2.58 | 3.04 | 3.79 | 2.75 | |
| Cash Ratio, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 1.00 | 1.24 | 1.15 | 1.31 | 1.33 | |
| Cash Ratio, Industry | |||||||
| Information Technology | — | 0.56 | 0.70 | 0.66 | 0.89 | 1.07 | |
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26).
1 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 43,210 ÷ 18,047 = 2.39
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | NVIDIA Corp. cash ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025. |