NVIDIA Corporation Financial Ratios — NVDA Stock

Profitability	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Return on Common Equity (%)	-3.52	12.51	23.81	18.82	13.03	16.93	14.79	31.85	40.91	38.78	20.31	25.57	55.49	33.08	148.83
Return on Assets (%)	-1.96	6.27	11.57	9.4	6.44	8.73	8.43	19.36	28.91	33.76	18.27	18.79	26.73	10.23	55.67
Return on Capital (%)	- -	12.51	23.7	18.79	11.02	13.09	11.65	23.23	31.51	- -	17.69	20.46	36.59	- -	95.07
Return on Invested Capital (%)	- -	6.31	15.45	12.25	8.04	10.92	12.33	23.31	33.9	- -	20.36	22.59	31.22	- -	65.26
Gross Margin (%)	35.38	39.77	51.44	52.02	54.92	55.51	56.11	58.8	59.93	61.21	61.99	62.34	64.93	56.93	72.72
EBITDA Margin (%)	2.94	10.89	21.32	20.43	17.8	20.91	21.46	30.74	35.09	34.7	29.56	33.76	41.67	26.4	56.6
Operating Margin (%)	-2.97	5.61	16.22	15.15	12.01	16.21	17.52	28.03	33.05	32.47	26.07	27.18	37.31	20.68	54.12
Incremental Operating Margin (%)	- -	137.27	98.89	-0.02	101.39	47.64	36.28	55.74	45.4	29.67	120.05	29.29	53.8	-7,440	80.7
Pretax Margin (%)	-2.47	7.65	16.59	15.47	12.35	16.13	14.83	27.57	32.9	33.25	27.2	26.44	36.94	15.5	55.51
Profit Margin (%)	-2.04	7.14	14.53	13.14	10.65	13.48	12.26	24.11	31.37	35.34	25.61	25.98	36.23	16.19	48.85
Net Income to Common Margin (%)	-2.04	7.14	14.53	13.14	10.65	13.48	12.26	24.11	31.37	35.34	25.61	25.98	36.23	16.19	48.85
Effective Tax Rate (%)	- -	6.65	12.41	15.03	13.73	16.42	17.36	12.55	4.66	- -	5.86	1.75	1.9	- -	12
Dvd Payout Ratio (%)	- -	- -	- -	8.33	41.14	29.48	34.69	15.67	11.19	8.96	13.95	9.12	4.09	9.11	1.33
Sustainable Growth Rate (%)	-3.52	12.51	23.81	17.25	7.67	11.94	9.66	26.86	36.33	35.31	17.47	23.24	53.22	30.06	146.85

Credit	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Debt	24	23	21	19	1,374	1,398	1,510	2,810	2,000	1,988	2,643	7,597	11,831	12,031	11,056
ST Debt	- -	- -	- -	- -	- -	- -	1,500	827	15	- -	91	999	144	1,426	1,478
LT Debt	24	23	21	19	1,374	1,398	10	1,983	1,985	1,988	2,552	6,598	11,687	10,605	9,578
Total Debt/EBITDA	0.25	0.06	0.03	0.02	1.87	1.43	1.4	1.32	0.59	0.49	0.82	1.35	1.05	1.69	0.32
Net Debt/EBITDA	-4.58	-1.72	-0.78	-0.84	0.28	0.91	0.84	0.49	-0.59	0.3	-2.76	1.09	0.8	1.06	0.07
Total Debt/EBIT	-0.25	0.12	0.03	0.03	2.77	1.84	1.72	1.45	0.62	0.52	0.93	1.68	1.18	2.16	0.34
Net Debt/EBIT	4.52	-3.35	-1.03	-1.13	0.41	1.17	1.03	0.54	-0.62	0.32	-3.13	1.35	0.89	1.36	0.07
EBITDA to Interest Expense	29.43	123.36	275.98	265.47	73.5	21.28	22.87	36.62	55.89	70.1	62.06	30.6	47.52	27.18	134.16
EBITDA-CapEx/Interest Expense	6.06	92.05	231.07	209.83	48	18.63	21.04	33.59	46.16	59.76	52.65	24.47	43.39	20.18	130
EBIT to Interest Expense	-29.8	63.56	209.87	196.79	49.6	16.5	18.68	33.4	52.62	65.59	54.73	24.63	42.55	21.29	128.3
Interest Expense	3	3	3	3	10	46	47	58	61	58	52	184	236	262	257
Common Equity/Total Assets	52.9	47.83	49.18	50.63	48.35	54.85	59.04	62.08	78.18	94.54	86.47	65.68	36.75	24.7	45.37
Long-Term Debt/Equity (%)	0.92	0.74	0.52	0.39	30.83	31.64	0.22	34.42	26.57	21.28	20.91	39.06	43.92	47.98	22.29
Long-Term Debt/Capital (%)	1.27	1.08	0.78	0.58	28.16	26.14	0.17	22.23	18.4	13.66	14.49	24.89	41.64	47.76	23.43
Long-Term Debt/Total Assets (%)	0.68	0.52	0.39	0.3	18.95	19.41	0.14	20.15	17.66	14.96	14.74	22.92	26.45	25.75	14.57
Total Debt/Equity (%)	0.92	0.74	0.52	0.39	30.83	31.64	33.79	48.77	26.77	21.28	21.66	44.97	44.46	54.44	25.72
Total Debt/Capital (%)	1.27	1.08	0.78	0.58	28.16	26.14	25.76	31.51	18.54	13.66	15	28.66	42.15	54.18	27.05
Total Debt/Total Assets (%)	0.68	0.52	0.39	0.3	18.95	19.41	20.49	28.55	17.79	14.96	15.26	26.39	26.77	29.21	16.82
Net Debt to Equity	-16.78	-20.91	-16.11	-15.18	4.6	20.08	20.23	18.12	-26.8	12.91	-72.97	36.2	33.65	34.22	5.65
Net Debt/Capital (%)	-30.34	-44.12	-32.04	-28.93	5.49	18.28	17.17	14.6	-29.5	8.76	-132.53	23.83	34.34	40.2	7.23
EBITDA	98	386	853	874	735	979	1,075	2,124	3,409	4,066	3,227	5,630	11,215	7,121	34,480
EBITDA-CapEx	20	288	714	691	480	857	989	1,948	2,816	3,466	2,738	4,502	10,239	5,288	33,411
Operating Income (Loss)	-99	199	648	648	496	759	878	1,937	3,210	3,804	2,846	4,532	10,041	5,577	32,972

Liquidity	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Cash Ratio	2.2	2.64	3.37	3.82	4.94	5.16	2.07	3.74	6.16	5.58	6.11	2.95	4.89	2.03	2.44
Current Ratio	3.16	3.42	4.2	4.89	5.95	6.38	2.48	4.69	8.03	7.94	7.67	4.09	6.65	3.52	4.17
Quick Ratio	2.68	3.01	3.73	4.28	5.39	5.69	2.27	4.19	7.26	6.66	7.04	3.56	5.96	2.61	3.38
CFO/Avg Current Liab	0.62	0.78	0.97	0.86	0.87	0.98	0.7	0.79	2.36	3.02	3.06	2.04	2.21	1.04	3.27
Common Equity/Total Assets	52.9	47.83	49.18	50.63	48.35	54.85	59.04	62.08	78.18	94.54	86.47	65.68	36.75	24.7	45.37
Long-Term Debt/Equity (%)	0.92	0.74	0.52	0.39	30.83	31.64	0.22	34.42	26.57	21.28	20.91	39.06	43.92	47.98	22.29
Long-Term Debt/Capital (%)	1.27	1.08	0.78	0.58	28.16	26.14	0.17	22.23	18.4	13.66	14.49	24.89	41.64	47.76	23.43
Long-Term Debt/Total Assets (%)	0.68	0.52	0.39	0.3	18.95	19.41	0.14	20.15	17.66	14.96	14.74	22.92	26.45	25.75	14.57
Total Debt/Equity (%)	0.92	0.74	0.52	0.39	30.83	31.64	33.79	48.77	26.77	21.28	21.66	44.97	44.46	54.44	25.72
Total Debt/Capital (%)	1.27	1.08	0.78	0.58	28.16	26.14	25.76	31.51	18.54	13.66	15	28.66	42.15	54.18	27.05
Total Debt/Total Assets (%)	0.68	0.52	0.39	0.3	18.95	19.41	20.49	28.55	17.79	14.96	15.26	26.39	26.77	29.21	16.82
CFO/Total Liabilities	52.98	51.44	64.61	52.01	29.88	32.55	40.5	40.99	92.89	94.76	93.15	48.93	51.82	29.56	123.47
CFO/CapEx	6.29	6.9	6.55	4.5	3.27	7.43	13.66	9.5	5.91	6.24	9.74	5.16	9.33	3.08	26.28
Altman's Z-Score	7.54	8.36	6.44	5.5	4.45	5.1	5.99	11.84	27.19	17.34	20.18	19.45	23.83	17.53	44.24

Working Capital	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Accounts Receivable Turnover	9.59	9.79	11.67	10.83	9.38	10.4	10.23	10.38	9.29	8.71	7.09	8.16	7.6	6.36	8.81
Days Sales Outstanding	38.04	37.28	31.27	33.7	38.91	35.1	35.66	35.15	39.28	41.89	51.5	44.72	48	57.35	41.42
Inventory Turnover	4.95	6.31	5.66	5.46	4.65	4.78	4.88	4.7	4.9	3.83	3.25	4.48	4.26	2.99	3.18
Days Inventory Outstanding	73.74	57.82	64.47	66.89	78.43	76.29	74.78	77.69	74.56	95.21	112.31	81.53	85.67	121.96	114.64
Accounts Payable Turnover	6.9	6.82	6.23	6.15	5.4	7.06	7.25	8.25	7.2	9.62	5.93	7.76	6.97	9.52	8.6
Accounts Payable Turnover Days	52.93	53.56	58.55	59.36	67.63	51.73	50.37	44.22	50.66	37.95	61.52	47.02	52.37	38.32	42.42
Cash Conversion Cycle	58.85	41.54	37.18	41.23	49.72	59.66	60.07	68.62	63.18	99.15	102.3	79.23	81.31	140.99	113.64
Inventory to Cash Days	-35.7	-20.55	-33.2	-33.19	-39.52	-41.2	-39.11	-42.54	-35.27	-53.32	-60.81	-36.81	-37.67	-64.61	-73.23
Inventories	331	346	340	412	388	483	418	794	796	1,575	979	1,826	2,605	5,159	5,282
Raw Materials	77	68	85	158	127	157	105	252	227	613	249	632	791	2,430	1,719
Work In Process	68	73	63	67	95	92	103	176	192	238	265	457	692	466	1,505
Finished Goods	186	205	192	187	166	234	210	366	377	724	465	737	1,122	2,263	2,058
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Market Capitalization	7,757	12,618	8,177	7,009	8,706	10,184	15,522	58,212	145,677	86,579	143,480	319,853	610,272	485,462	1,518,682
- Cash & Cash Equivalents	447	665	668	733	1,152	497	596	1,766	4,002	782	10,896	847	1,990	3,389	7,280
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	24	23	21	19	1,374	1,398	1,510	2,810	2,000	1,988	2,643	7,597	11,831	12,031	11,056
Enterprise Value	6,053	10,151	5,069	3,300	5,408	6,959	11,995	54,224	140,569	81,145	135,226	315,889	600,895	484,197	1,503,754
Total Capital	1,921	2,173	2,753	3,266	4,879	5,348	5,861	8,919	10,788	14,554	17,615	26,508	28,069	22,204	40,875
Total Debt/Capital (%)	1.27	1.08	0.78	0.58	28.16	26.14	25.76	31.51	18.54	13.66	15	28.66	42.15	54.18	27.05
Total Debt / EV	- -	- -	- -	0.01	0.25	0.2	0.13	0.05	0.01	0.02	0.02	0.02	0.02	0.02	0.01
EV/Sales	1.82	2.86	1.27	0.77	1.31	1.49	2.39	7.85	14.47	6.93	12.39	18.94	22.33	17.95	24.68
EV/EBITDA	61.94	26.32	5.95	3.77	7.36	7.11	11.16	25.53	41.23	19.96	41.9	56.11	53.58	68	43.61
EV/EBIT	- -	51.07	7.82	5.09	10.9	9.17	13.66	27.99	43.79	21.33	47.51	69.7	59.84	86.82	45.61
EV/Cash Flow to Firm	12.34	14.96	5.56	3.99	6.41	7.37	9.88	31.48	39.48	21.33	28.11	52.62	64.34	81.86	53.11
EV/Free Cash Flow to Firm	10.65	13.07	4.82	3.27	4.92	6.53	9.23	28.56	33.85	18.42	25.52	44.3	58.25	62.5	51.17
Diluted Market Cap	7,757	12,914	8,349	7,072	8,804	10,382	16,265	69,832	153,702	89,000	145,601	325,555	619,808	489,366	1,534,059
Diluted Enterprise Value	7,334	12,272	7,703	6,358	9,026	11,283	17,179	70,876	151,700	90,206	137,348	332,305	629,648	498,008	1,537,835
EV per Share	0.28	0.44	0.21	0.13	0.23	0.31	0.55	2.51	5.87	3.34	5.55	12.8	24.07	19.47	60.91
TTM Sales	3,326	3,543	3,998	4,280	4,130	4,682	5,010	6,910	9,714	11,716	10,918	16,675	26,914	26,974	60,922
TTM EBITDA	98	386	853	874	735	979	1,075	2,124	3,409	4,066	3,227	5,630	11,215	7,121	34,480
TTM Operating Income	-99	199	648	648	496	759	878	1,937	3,210	3,804	2,846	4,532	10,041	5,577	32,972
TTM Cash Flow to Firm	491	679	912	827	844	944	1,214	1,723	3,560	3,805	4,810	6,003	9,340	5,915	28,316
TTM Free Cash Flow to Firm	568	777	1,051	1,010	1,099	1,066	1,300	1,899	4,153	4,405	5,299	7,131	10,316	7,748	29,385

Multiples		2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y

NVIDIA Corporation

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples