NVIDIA Corporation (NVDA) — Working Capital to Net Assets Ratio
NVIDIA Corporation (NVDA) has a Working Capital to Net Assets ratio of 59.4% as of January 2026. Working capital of $93.44 Billion (current assets of $125.61 Billion minus current liabilities of $32.16 Billion) is measured against net assets of $157.29 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See NVIDIA Corporation financial flexibility index to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
NVIDIA Corporation Working Capital to Net Assets (1999–2026)
This chart shows how NVIDIA Corporation's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1999 to 2026. As of January 2026, the ratio stands at 59.4%, reflecting working capital of $93.44 Billion against net assets of $157.29 Billion USD. See NVDA defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for NVIDIA Corporation (1999–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for NVIDIA Corporation from 1999 to 2026, covering 28 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see NVIDIA Corporation stock valuation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 59.4% | $93.44 Billion | $157.29 Billion | $125.61 Billion | $32.16 Billion | ▼ -18.9 pp |
| 2025 | 78.3% | $62.08 Billion | $79.33 Billion | $80.13 Billion | $18.05 Billion | ▼ -0.2 pp |
| 2024 | 78.4% | $33.71 Billion | $42.98 Billion | $44.34 Billion | $10.63 Billion | ▲ +3.7 pp |
| 2023 | 74.7% | $16.51 Billion | $22.10 Billion | $23.07 Billion | $6.56 Billion | ▼ -17.3 pp |
| 2022 | 92.0% | $24.49 Billion | $26.61 Billion | $28.83 Billion | $4.33 Billion | ▲ +20.2 pp |
| 2021 | 71.8% | $12.13 Billion | $16.89 Billion | $16.05 Billion | $3.92 Billion | ▼ -25.8 pp |
| 2020 | 97.6% | $11.91 Billion | $12.20 Billion | $13.69 Billion | $1.78 Billion | ▼ -1.2 pp |
| 2019 | 98.8% | $9.23 Billion | $9.34 Billion | $10.56 Billion | $1.33 Billion | ▼ -9.7 pp |
| 2018 | 108.4% | $8.10 Billion | $7.47 Billion | $9.26 Billion | $1.15 Billion | ▼ -8.1 pp |
| 2017 | 116.6% | $6.72 Billion | $5.76 Billion | $8.54 Billion | $1.82 Billion | ▲ +35.7 pp |
| 2016 | 80.9% | $3.62 Billion | $4.47 Billion | $6.05 Billion | $2.44 Billion | ▼ -28.1 pp |
| 2015 | 109.0% | $4.82 Billion | $4.42 Billion | $5.71 Billion | $896.03 Million | ▲ +4.0 pp |
| 2014 | 105.0% | $4.68 Billion | $4.46 Billion | $5.62 Billion | $945.50 Million | ▲ +26.3 pp |
| 2013 | 78.7% | $3.80 Billion | $4.83 Billion | $4.78 Billion | $976.22 Million | ▲ +6.9 pp |
| 2012 | 71.8% | $2.98 Billion | $4.15 Billion | $3.91 Billion | $929.96 Million | ▼ 0.0 pp |
| 2011 | 71.8% | $2.28 Billion | $3.18 Billion | $3.23 Billion | $942.68 Million | ▲ +8.1 pp |
| 2010 | 63.7% | $1.70 Billion | $2.67 Billion | $2.48 Billion | $784.38 Million | ▲ +5.6 pp |
| 2009 | 58.0% | $1.39 Billion | $2.39 Billion | $2.17 Billion | $778.59 Million | ▼ -15.4 pp |
| 2008 | 73.4% | $1.92 Billion | $2.62 Billion | $2.89 Billion | $967.16 Million | ▲ +4.0 pp |
| 2007 | 69.4% | $1.39 Billion | $2.01 Billion | $2.03 Billion | $638.81 Million | ▼ -6.8 pp |
| 2006 | 76.2% | $1.11 Billion | $1.46 Billion | $1.55 Billion | $438.66 Million | ▲ +1.2 pp |
| 2005 | 75.0% | $883.77 Million | $1.18 Billion | $1.30 Billion | $421.16 Million | ▲ +6.6 pp |
| 2004 | 68.4% | $718.60 Million | $1.05 Billion | $1.05 Billion | $334.11 Million | ▼ -35.9 pp |
| 2003 | 104.2% | $972.15 Million | $932.69 Million | $1.35 Billion | $379.45 Million | ▼ -0.6 pp |
| 2002 | 104.8% | $800.62 Million | $763.82 Million | $1.23 Billion | $433.49 Million | ▼ -97.3 pp |
| 2001 | 202.1% | $820.07 Million | $405.71 Million | $930.41 Million | $110.33 Million | ▲ +124.3 pp |
| 2000 | 77.8% | $97.00 Million | $124.60 Million | $173.20 Million | $76.20 Million | ▼ -6.3 pp |
| 1999 | 84.1% | $54.00 Million | $64.20 Million | $101.10 Million | $47.10 Million | — |