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.