Qorvo Inc (QRVO)

Current ratio

		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	Mar 31, 2020
Total current assets	US$ in thousands	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	1,690,500
Total current liabilities	US$ in thousands	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	539,003
Current ratio		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	3.14

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,096,860K ÷ $807,861K
= 2.60

Qorvo Inc has shown fluctuating current ratios over the past few years, with the ratio ranging from as low as 1.90 to as high as 4.08. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.

The current ratio was relatively strong in the second quarter of 2020, standing at 4.08, indicating that Qorvo Inc had ample current assets to cover its short-term liabilities at that time. However, the ratio decreased in the subsequent quarters, reaching a low of 1.90 at the end of 2023, which may raise concerns about the company's liquidity position.

Overall, the current ratio for Qorvo Inc has been hovering around 3 in recent quarters, indicating that the company generally maintains a healthy balance between current assets and current liabilities. It is important for stakeholders to monitor any significant changes in the current ratio to assess the company's short-term liquidity and financial health.