NVIDIA CORP 10-K form for the fiscal year ended 2024-01-28, page 52: 
NVIDIA Corporation and Subsidiaries


Consolidated Balance Sheets

(In millions, except par value)|    |                                                                                                                                                                                 |              |        |              |        |    |        |
|---:|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:-------------|:-------|:-------------|:-------|:---|:-------|
|  1 |                                                                                                                                                                                 | Jan 28, 2024 |        | Jan 29, 2023 |        |    |        |
|  2 | Assets                                                                                                                                                                          |              |        |              |        |    |        |
|  3 | Current assets:                                                                                                                                                                 |              |        |              |        |    |        |
|  4 | Cash and cash equivalents                                                                                                                                                       | $            | 7,280  |              |        | $  | 3,389  |
|  5 | Marketable securities                                                                                                                                                           | 18,704       |        |              | 9,907  |    |        |
|  6 | Accounts receivable, net                                                                                                                                                        | 9,999        |        |              | 3,827  |    |        |
|  7 | Inventories                                                                                                                                                                     | 5,282        |        |              | 5,159  |    |        |
|  8 | Prepaid expenses and other current assets                                                                                                                                       | 3,080        |        |              | 791    |    |        |
|  9 | Total current assets                                                                                                                                                            | 44,345       |        |              | 23,073 |    |        |
| 10 | Property and equipment, net                                                                                                                                                     | 3,914        |        |              | 3,807  |    |        |
| 11 | Operating lease assets                                                                                                                                                          | 1,346        |        |              | 1,038  |    |        |
| 12 | Goodwill                                                                                                                                                                        | 4,430        |        |              | 4,372  |    |        |
| 13 | Intangible assets, net                                                                                                                                                          | 1,112        |        |              | 1,676  |    |        |
| 14 | Deferred income tax assets                                                                                                                                                      | 6,081        |        |              | 3,396  |    |        |
| 15 | Other assets                                                                                                                                                                    | 4,500        |        |              | 3,820  |    |        |
| 16 | Total assets                                                                                                                                                                    | $            | 65,728 |              |        | $  | 41,182 |
| 18 | Liabilities and Shareholders' Equity                                                                                                                                            |              |        |              |        |    |        |
| 19 | Current liabilities:                                                                                                                                                            |              |        |              |        |    |        |
| 20 | Accounts payable                                                                                                                                                                | $            | 2,699  |              |        | $  | 1,193  |
| 21 | Accrued and other current liabilities                                                                                                                                           | 6,682        |        |              | 4,120  |    |        |
| 22 | Short-term debt                                                                                                                                                                 | 1,250        |        |              | 1,250  |    |        |
| 23 | Total current liabilities                                                                                                                                                       | 10,631       |        |              | 6,563  |    |        |
| 24 | Long-term debt                                                                                                                                                                  | 8,459        |        |              | 9,703  |    |        |
| 25 | Long-term operating lease liabilities                                                                                                                                           | 1,119        |        |              | 902    |    |        |
| 26 | Other long-term liabilities                                                                                                                                                     | 2,541        |        |              | 1,913  |    |        |
| 27 | Total liabilities                                                                                                                                                               | 22,750       |        |              | 19,081 |    |        |
| 28 | Commitments and contingencies - see Note 13                                                                                                                                     |              |        |              |        |    |        |
| 30 | Shareholders' equity:                                                                                                                                                           |              |        |              |        |    |        |
| 31 | Preferred stock, $0.001 par value; 2 shares authorized; none issued                                                                                                             | -            |        |              | -      |    |        |
| 32 | Common stock, $0.001 par value; 8,000 shares authorized; 2,464 shares issued and outstanding as of January 28, 2024; 2,466 shares issued and outstanding as of January 29, 2023 | 2            |        |              | 2      |    |        |
| 33 | Additional paid-in capital                                                                                                                                                      | 13,132       |        |              | 11,971 |    |        |
| 35 | Accumulated other comprehensive income (loss)                                                                                                                                   | 27           |        |              | (43)   |    |        |
| 36 | Retained earnings                                                                                                                                                               | 29,817       |        |              | 10,171 |    |        |
| 37 | Total shareholders' equity                                                                                                                                                      | 42,978       |        |              | 22,101 |    |        |
| 38 | Total liabilities and shareholders' equity                                                                                                                                      | $            | 65,728 |              |        | $  | 41,182 |
See accompanying notes to the consolidated financial statements.
52






Question: What is the quick ratio of NVIDIA for 2023 and 2022?
Answer: Quick Ratio is calculated using the formula: Quick Ratio = (Current Assets - Inventory) / Current Liabilities.

For 2024:
Current Assets = $44,345 million
Inventory = $5,282 million
Current Liabilities = $10,631 million
Quick Ratio = ($44,345 - $5,282) / $10,631 = 3.67

For 2023:
Current Assets = $23,073 million
Inventory = $5,159 million
Current Liabilities = $6,563 million
Quick Ratio = ($23,073 - $5,159) / $6,563 = 2.73