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 | ||
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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.
Peer comparison
Mar 31, 2025