Qorvo Inc (QRVO)

Quick ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash	US$ in thousands	1,029,260	808,757	972,592	1,397,880	714,939
Short-term investments	US$ in thousands	—	1,094	2,906	3,802	459
Receivables	US$ in thousands	427,387	331,054	601,001	457,431	372,572
Total current liabilities	US$ in thousands	1,230,090	555,763	675,127	681,581	539,003
Quick ratio		1.18	2.05	2.34	2.73	2.02

March 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,029,260K + $—K + $427,387K) ÷ $1,230,090K
= 1.18

The quick ratio of Qorvo Inc has fluctuated over the past five years. As of March 31, 2024, the quick ratio stands at 1.18, a decrease from the previous year's ratio of 2.05. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.

The decrease in the quick ratio from 2023 to 2024 may signal a reduction in the company's ability to cover its short-term obligations with its liquid assets. It is important to analyze the components of the quick ratio, such as cash, marketable securities, and accounts receivable, to understand the underlying reasons for this decrease. Further investigation into the company's liquidity position and management of its current assets and liabilities may be warranted to assess the overall financial health and liquidity of Qorvo Inc.