Qorvo Inc (QRVO)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,446,030 | 2,029,790 | 2,449,860 | 2,483,800 | 1,690,500 |
| Total current liabilities | US$ in thousands | 1,230,090 | 555,763 | 675,127 | 681,581 | 539,003 |
| Current ratio | 1.99 | 3.65 | 3.63 | 3.64 | 3.14 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,446,030K ÷ $1,230,090K
= 1.99
The current ratio of Qorvo Inc has exhibited a downward trend over the past five years, decreasing from 3.65 in 2023 to 1.99 in 2024. This indicates that the company's ability to cover its short-term obligations with its current assets has weakened. While a current ratio above 1 is generally considered healthy, the significant decrease observed in the current ratio suggests potential liquidity challenges for the company in the most recent period. It would be advisable for stakeholders to closely monitor Qorvo's liquidity position and assess its ability to meet its short-term financial obligations.
Peer comparison
Mar 31, 2024