Qorvo Inc (QRVO)

Current 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
Total current assets US$ in thousands 2,167,280 2,096,860 2,532,460 2,378,190 2,446,030 2,428,370 2,262,880 2,087,780 2,029,790 2,257,700 2,521,280 2,372,490 2,449,860 2,445,850 2,541,270 2,374,080 2,483,800 2,322,260 3,062,730 2,079,330
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
Current ratio 2.77 2.60 1.90 1.95 1.99 1.90 3.37 3.27 3.65 3.68 3.30 3.30 3.63 3.63 2.82 3.37 3.64 3.78 2.07 4.08

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,167,280K ÷ $783,182K
= 2.77

Qorvo Inc's current ratio has shown variability over the past few years. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, was at a healthy level of 4.08 as of June 30, 2020. However, it decreased to 2.07 by September 30, 2020, indicating potentially reduced liquidity.

There was a recovery in the current ratio by December 31, 2020, where it reached 3.78, and it remained relatively stable around the 3.5 level for the next few quarters. This suggests that the company continued to have a strong ability to meet its short-term obligations.

However, there was a noticeable decrease in the current ratio to 1.90 as of December 31, 2023, and it remained at a similar level for the next few quarters. This decline may raise concerns about Qorvo Inc's ability to cover its short-term liabilities with its current assets during those periods.

Overall, while the current ratio fluctuated over the years, it generally stayed above 2.0, except for the decrease to 1.90 in the last few quarters. It is essential for investors and analysts to closely monitor changes in the current ratio as it can provide insights into the company's liquidity position and short-term financial health.