Qorvo Inc (QRVO)

Current ratio

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Total current assets	US$ in thousands	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	1,690,500	2,067,670	1,551,810	1,556,830
Total current liabilities	US$ in thousands	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	539,003	491,205	449,629	452,146
Current ratio		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	3.14	4.21	3.45	3.44

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 displayed some fluctuation over the provided periods. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.

In the most recent period, as of March 31, 2024, the current ratio was 1.99, showing an improvement compared to the previous quarter. However, it is still slightly below the ideal ratio of 2.0, which may suggest a potential liquidity challenge in meeting short-term obligations.

Looking at the historical trend, the current ratio has generally been healthy, ranging from a low of 1.90 in December 2023 to a high of 4.21 in December 2019. The company's current assets have been consistently able to cover its current liabilities, indicating a strong liquidity position overall.

It is important for investors and stakeholders to continue monitoring Qorvo Inc's current ratio to ensure the company remains capable of meeting its short-term financial obligations.