Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

NVIDIA Corp., liquidity ratios (quarterly data)

Microsoft Excel
Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 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
Current ratio 4.44 4.10 4.27 3.53 4.17 3.59 2.79 3.43 3.52 3.39 3.62 5.32 6.65 7.14 5.80 4.53 4.09 3.92 6.09 10.29 7.67 8.42 8.65 8.98
Quick ratio 3.67 3.41 3.50 2.88 3.38 2.92 2.23 2.67 2.61 2.63 2.95 4.63 5.96 6.44 5.22 3.92 3.56 3.46 5.42 9.60 7.04 7.61 7.62 7.64
Cash ratio 2.39 2.34 2.49 2.07 2.44 2.01 1.55 2.11 2.03 1.92 2.25 3.66 4.89 5.34 4.42 3.16 2.95 2.76 4.56 8.59 6.11 6.62 6.44 6.60

Based on: 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. NVIDIA Corp. current ratio deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. NVIDIA Corp. quick ratio deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. NVIDIA Corp. cash ratio deteriorated from Q2 2025 to Q3 2025 but then slightly improved from Q3 2025 to Q4 2025.

Current Ratio

NVIDIA Corp., current ratio calculation (quarterly data)

Microsoft Excel
Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 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
Selected Financial Data (US$ in millions)
Current assets 80,126 67,640 59,633 53,729 44,345 32,658 28,797 24,883 23,073 23,223 27,418 29,575 28,829 25,806 25,806 18,127 16,055 14,393 14,681 19,584 13,690 12,420 11,391 10,629
Current liabilities 18,047 16,479 13,969 15,223 10,631 9,101 10,334 7,260 6,563 6,855 7,573 5,562 4,335 3,612 4,448 4,004 3,925 3,669 2,410 1,903 1,784 1,475 1,317 1,183
Liquidity Ratio
Current ratio1 4.44 4.10 4.27 3.53 4.17 3.59 2.79 3.43 3.52 3.39 3.62 5.32 6.65 7.14 5.80 4.53 4.09 3.92 6.09 10.29 7.67 8.42 8.65 8.98
Benchmarks
Current Ratio, Competitors2
Advanced Micro Devices Inc. 2.62 2.50 2.82 2.64 2.51 2.19 2.18 2.38 2.36 2.16 2.44 2.40 2.02 2.24 2.70 2.51 2.54 2.28 2.10 2.21
Analog Devices Inc. 1.93 1.84 1.69 1.58 1.51 1.37 1.71 1.79 2.12 2.02 1.92 1.99 2.09 1.94 1.11 1.05 1.57 1.84 1.47 1.30 1.08
Applied Materials Inc. 2.68 2.51 2.86 2.80 2.71 2.60 2.30 2.26 2.31 2.16 2.26 2.29 2.51 2.54 2.98 3.10 3.17 3.00 2.86 2.67 2.36
Broadcom Inc. 1.00 1.17 1.04 1.25 1.33 2.82 2.50 2.38 2.52 2.62 2.32 2.14 2.44 2.64 2.41 2.21 2.14 1.87 2.04 2.15 1.56
Intel Corp. 1.33 1.31 1.59 1.57 1.54 1.53 1.60 1.76 1.57 1.77 1.86 2.13 2.10 2.07 1.99 1.90 1.91 1.66 1.97 1.74
KLA Corp. 2.36 2.13 2.15 2.14 1.91 2.21 2.24 2.35 2.34 2.43 2.50 2.33 2.41 2.44 2.71 2.66 2.59 2.72 2.78 2.61 2.55 2.24
Lam Research Corp. 2.54 2.53 2.97 2.82 3.06 3.06 3.16 3.09 3.01 2.69 2.69 2.83 3.13 3.27 3.30 3.13 3.19 3.31 3.43 4.47 3.30 3.59
Micron Technology Inc. 3.13 2.72 2.64 3.41 3.74 3.53 4.46 4.26 4.17 3.51 2.89 3.24 3.11 3.10 3.10 3.40 3.18 2.91 2.71 2.89 2.74 2.56
Monolithic Power Systems Inc. 5.31 6.42 6.77 6.34 7.74 6.94 6.51 5.14 5.36 4.55 5.23 4.58 4.96 4.68 5.20 4.91 5.73 5.18 5.47 6.27
Qualcomm Inc. 2.62 2.40 2.39 2.65 2.56 2.33 2.42 2.42 2.09 1.75 1.61 1.61 1.65 1.68 1.72 2.02 2.15 2.14 1.97 1.57 1.76
Texas Instruments Inc. 4.12 4.31 4.62 4.91 4.55 5.69 5.72 5.17 4.70 4.92 5.09 5.54 5.33 5.63 5.08 6.12 4.28 4.24 3.92 3.49

Based on: 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).

1 Q4 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 deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.

Quick Ratio

NVIDIA Corp., quick ratio calculation (quarterly data)

Microsoft Excel
Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 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
Selected Financial Data (US$ in millions)
Cash and cash equivalents 8,589 9,107 8,563 7,587 7,280 5,519 5,783 5,079 3,389 2,800 3,013 3,887 1,990 1,288 5,628 978 847 2,251 3,274 15,494 10,896 9,765 7,105 2,772
Marketable securities 34,621 29,380 26,237 23,851 18,704 12,762 10,240 10,241 9,907 10,343 14,024 16,451 19,218 18,010 14,026 11,689 10,714 7,888 7,707 860 1 4 1,370 5,030
Accounts receivable, net 23,065 17,693 14,132 12,365 9,999 8,309 7,066 4,080 3,827 4,908 5,317 5,438 4,650 3,954 3,586 3,024 2,429 2,546 2,084 1,907 1,657 1,455 1,561 1,242
Total quick assets 66,275 56,180 48,932 43,803 35,983 26,590 23,089 19,400 17,123 18,051 22,354 25,776 25,858 23,252 23,240 15,691 13,990 12,685 13,065 18,261 12,554 11,224 10,036 9,044
 
Current liabilities 18,047 16,479 13,969 15,223 10,631 9,101 10,334 7,260 6,563 6,855 7,573 5,562 4,335 3,612 4,448 4,004 3,925 3,669 2,410 1,903 1,784 1,475 1,317 1,183
Liquidity Ratio
Quick ratio1 3.67 3.41 3.50 2.88 3.38 2.92 2.23 2.67 2.61 2.63 2.95 4.63 5.96 6.44 5.22 3.92 3.56 3.46 5.42 9.60 7.04 7.61 7.62 7.64
Benchmarks
Quick Ratio, Competitors2
Advanced Micro Devices Inc. 1.57 1.58 1.79 1.72 1.67 1.42 1.40 1.52 1.57 1.48 1.82 1.83 1.49 1.64 2.01 1.85 1.81 1.62 1.47 1.56
Analog Devices Inc. 1.32 1.24 1.14 1.02 0.86 0.76 0.98 1.06 1.36 1.34 1.34 1.44 1.54 1.24 0.82 0.76 1.12 1.31 1.05 0.87 0.70
Applied Materials Inc. 1.84 1.74 1.95 1.79 1.72 1.63 1.43 1.35 1.30 1.17 1.24 1.32 1.62 1.64 2.02 2.10 2.15 1.95 1.76 1.75 1.45
Broadcom Inc. 0.68 0.82 0.76 0.76 0.83 2.34 2.04 1.94 2.12 2.18 1.89 1.75 2.03 2.27 2.05 1.86 1.80 1.56 1.72 1.88 1.30
Intel Corp. 0.72 0.77 1.01 0.91 1.01 0.97 1.00 1.15 1.01 1.08 1.22 1.56 1.38 1.46 1.30 1.23 1.24 1.15 1.48 1.22
KLA Corp. 1.48 1.37 1.36 1.33 1.13 1.30 1.33 1.41 1.48 1.53 1.57 1.48 1.63 1.62 1.81 1.80 1.74 1.76 1.82 1.67 1.67 1.45
Lam Research Corp. 1.68 1.69 1.93 1.78 1.95 1.87 1.95 1.93 1.88 1.75 1.72 1.88 2.20 2.18 2.11 1.79 1.83 1.89 2.22 2.92 1.97 2.54
Micron Technology Inc. 1.87 1.67 1.59 1.98 2.13 2.01 2.53 2.50 2.49 2.13 1.92 2.35 2.24 2.28 2.17 2.30 1.94 1.89 1.82 1.98 1.81 1.74
Monolithic Power Systems Inc. 3.52 4.83 4.96 4.75 5.48 4.91 4.42 3.49 3.50 3.06 3.68 3.28 3.66 3.61 4.09 3.85 4.50 4.08 4.15 4.83
Qualcomm Inc. 1.79 1.64 1.64 1.85 1.70 1.51 1.47 1.32 1.21 1.01 0.90 1.16 1.25 1.34 1.38 1.64 1.78 1.75 1.57 1.33 1.54
Texas Instruments Inc. 2.55 2.88 3.13 3.40 3.12 4.12 4.24 3.93 3.67 3.98 4.13 4.60 4.45 4.74 4.08 4.86 3.34 3.16 2.84 2.54

Based on: 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).

1 Q4 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 deteriorated from Q2 2025 to Q3 2025 but then improved from Q3 2025 to Q4 2025 exceeding Q2 2025 level.

Cash Ratio

NVIDIA Corp., cash ratio calculation (quarterly data)

Microsoft Excel
Jan 26, 2025 Oct 27, 2024 Jul 28, 2024 Apr 28, 2024 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
Selected Financial Data (US$ in millions)
Cash and cash equivalents 8,589 9,107 8,563 7,587 7,280 5,519 5,783 5,079 3,389 2,800 3,013 3,887 1,990 1,288 5,628 978 847 2,251 3,274 15,494 10,896 9,765 7,105 2,772
Marketable securities 34,621 29,380 26,237 23,851 18,704 12,762 10,240 10,241 9,907 10,343 14,024 16,451 19,218 18,010 14,026 11,689 10,714 7,888 7,707 860 1 4 1,370 5,030
Total cash assets 43,210 38,487 34,800 31,438 25,984 18,281 16,023 15,320 13,296 13,143 17,037 20,338 21,208 19,298 19,654 12,667 11,561 10,139 10,981 16,354 10,897 9,769 8,475 7,802
 
Current liabilities 18,047 16,479 13,969 15,223 10,631 9,101 10,334 7,260 6,563 6,855 7,573 5,562 4,335 3,612 4,448 4,004 3,925 3,669 2,410 1,903 1,784 1,475 1,317 1,183
Liquidity Ratio
Cash ratio1 2.39 2.34 2.49 2.07 2.44 2.01 1.55 2.11 2.03 1.92 2.25 3.66 4.89 5.34 4.42 3.16 2.95 2.76 4.56 8.59 6.11 6.62 6.44 6.60
Benchmarks
Cash Ratio, Competitors2
Advanced Micro Devices Inc. 0.70 0.61 0.86 0.93 0.86 0.76 0.83 0.90 0.92 0.84 1.08 1.17 0.85 1.01 1.31 1.09 0.95 0.73 0.73 0.70
Analog Devices Inc. 0.92 0.79 0.79 0.72 0.45 0.30 0.41 0.44 0.69 0.60 0.62 0.75 0.81 0.71 0.53 0.47 0.63 0.77 0.65 0.50 0.37
Applied Materials Inc. 1.06 1.12 1.26 1.10 1.06 0.93 0.79 0.65 0.56 0.35 0.52 0.59 0.92 0.86 1.27 1.40 1.47 1.29 1.11 1.20 0.87
Broadcom Inc. 0.45 0.56 0.52 0.49 0.58 1.92 1.64 1.54 1.69 1.76 1.49 1.30 1.63 1.94 1.71 1.48 1.43 1.20 1.32 1.39 0.83
Intel Corp. 0.62 0.69 0.91 0.78 0.89 0.87 0.89 1.01 0.88 0.81 0.99 1.32 1.03 1.17 1.00 0.93 0.97 0.83 1.15 0.87
KLA Corp. 0.91 0.96 0.97 0.96 0.73 0.88 0.87 0.85 0.82 0.94 0.94 0.91 1.01 1.04 1.19 1.20 1.14 1.17 1.17 0.99 0.98 0.90
Lam Research Corp. 1.06 1.14 1.35 1.28 1.32 1.21 1.28 1.19 0.99 0.84 0.77 1.00 1.32 1.19 1.25 1.02 1.03 1.21 1.55 1.88 1.18 1.87
Micron Technology Inc. 1.04 0.84 0.88 1.23 1.44 1.52 2.01 2.03 2.06 1.62 1.24 1.46 1.46 1.47 1.34 1.53 1.32 1.24 1.23 1.40 1.28 1.20
Monolithic Power Systems Inc. 2.93 4.34 4.43 4.12 4.72 4.17 3.75 2.91 2.80 2.53 3.19 2.84 3.19 3.26 3.67 3.40 4.05 3.48 3.75 4.35
Qualcomm Inc. 1.44 1.27 1.34 1.51 1.31 1.18 1.02 0.85 0.82 0.54 0.58 0.86 0.92 1.04 1.13 1.27 1.33 1.29 1.34 1.02 1.24
Texas Instruments Inc. 2.08 2.37 2.66 2.93 2.58 3.37 3.52 3.29 3.04 3.25 3.28 3.89 3.79 4.05 3.36 3.93 2.75 2.53 2.29 1.99

Based on: 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).

1 Q4 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 deteriorated from Q2 2025 to Q3 2025 but then slightly improved from Q3 2025 to Q4 2025.