Qorvo Inc (QRVO)

Quick 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
Cash US$ in thousands 1,021,180 769,432 1,096,450 1,082,420 1,029,260 1,071,990 706,836 744,428 808,757 918,758 911,570 858,791 972,592 988,527 1,153,170 1,200,240 1,397,880 1,234,420 2,000,260 1,136,300
Short-term investments US$ in thousands 84 1,094 2,906 3,802 0 37,848 36,921
Receivables US$ in thousands 386,719 438,722 593,762 439,957 427,387 514,665 620,626 307,913 304,519 367,636 645,125 535,359 601,001 644,221 662,787 495,590 457,431 507,078 498,931 325,993
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
Quick ratio 1.80 1.50 1.27 1.25 1.18 1.24 1.98 1.65 2.01 2.10 2.04 1.94 2.34 2.42 2.01 2.41 2.73 2.84 1.72 2.94

March 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,021,180K + $—K + $386,719K) ÷ $783,182K
= 1.80

The quick ratio of Qorvo Inc has shown fluctuations over the past few years. As of March 31, 2025, the quick ratio stands at 1.80, indicating the company's ability to cover its current liabilities with its most liquid assets.

Looking at the trend, we observe that the quick ratio peaked at 2.94 on June 30, 2020, and gradually decreased to 1.18 by March 31, 2024, before slightly recovering to 1.80 in the most recent period.

A quick ratio above 1 suggests that Qorvo Inc has an adequate level of liquid assets to cover its short-term obligations. However, the decreasing trend from 2020 to 2024 and the subsequent improvement in 2025 may signal a need for closer monitoring of liquidity management to ensure the company's short-term financial health.