*Note: The value for FY2025 is for the quarter ending April 30, 2025. The fiscal year is not yet complete.

Nvidia's debt-to-equity ratio has seen a significant decrease in the most recent period, indicating a lower reliance on debt for financing its assets compared to previous years. The ratio peaked in 2023 and has since declined. This change reflects a shift in the company's capital structure towards more equity financing. The five-year average debt-to-equity ratio is approximately 0.35.