Qorvo Inc (QRVO)

Cash ratio

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash and cash equivalents	US$ in thousands	1,021,180	1,029,260	808,757	972,592	1,397,880
Short-term investments	US$ in thousands	—	84	1,094	2,906	3,802
Total current liabilities	US$ in thousands	783,182	1,230,090	555,763	675,127	681,581
Cash ratio		1.30	0.84	1.46	1.44	2.06

March 31, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,021,180K + $—K) ÷ $783,182K
= 1.30

The cash ratio of Qorvo Inc has fluctuated over the years based on the provided data. As of March 31, 2021, the company had a cash ratio of 2.06, indicating it had $2.06 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased to 1.44 by March 31, 2022, reflecting a slight decline in the company's liquidity position.

By March 31, 2023, the cash ratio improved slightly to 1.46, suggesting a modest increase in the company's ability to meet its short-term obligations with its available cash reserves. However, by March 31, 2024, the cash ratio fell to 0.84, indicating a significant decrease in liquidity compared to previous years.

As of March 31, 2025, the cash ratio of Qorvo Inc rebounded to 1.30, reflecting a partial recovery in its liquidity position. It is important for investors and stakeholders to monitor these fluctuations in the cash ratio to assess the company's ability to cover its short-term liabilities with its existing cash resources.