Qorvo Inc (QRVO)
Cash ratio
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 1,021,180 | 769,432 | 1,096,450 | 1,082,420 | 1,029,260 | 1,071,990 | 706,836 | 744,428 | 808,757 | 918,758 | 911,570 | 858,791 | 972,592 | 988,527 | 1,153,170 | 1,200,240 | 1,397,880 | 1,234,420 | 2,000,260 | 1,136,300 |
Short-term investments | US$ in thousands | — | — | — | — | 84 | — | — | — | 1,094 | — | — | — | 2,906 | — | — | — | 3,802 | 0 | 37,848 | 36,921 |
Total current liabilities | US$ in thousands | 783,182 | 807,861 | 1,333,740 | 1,216,540 | 1,230,090 | 1,280,330 | 671,942 | 638,976 | 555,763 | 613,590 | 764,127 | 718,450 | 675,127 | 673,427 | 902,495 | 703,708 | 681,581 | 613,898 | 1,477,020 | 509,332 |
Cash ratio | 1.30 | 0.95 | 0.82 | 0.89 | 0.84 | 0.84 | 1.05 | 1.17 | 1.46 | 1.50 | 1.19 | 1.20 | 1.44 | 1.47 | 1.28 | 1.71 | 2.06 | 2.01 | 1.38 | 2.30 |
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 provides insight into the company's ability to cover its short-term liabilities using its available cash and cash equivalents. The ratio has fluctuated over the reporting periods, starting at a healthy 2.30 on June 30, 2020, indicating that the company had more than enough cash to cover its short-term obligations.
However, the ratio decreased gradually over time, reaching a low of 0.82 on September 30, 2024, which might raise concerns about the company's liquidity position. Although the ratio improved slightly in the subsequent periods, reaching 1.30 on March 31, 2025, which is a positive sign, it is still lower compared to the earlier reporting periods.
Overall, the downward trend in the cash ratio indicates that Qorvo Inc may have been using its cash for investments, expansion, or other purposes, potentially impacting its short-term liquidity position. Investors and stakeholders should continue to monitor this ratio to assess the company's ability to meet its short-term obligations with its available cash resources.
Peer comparison
Mar 31, 2025