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.
Peer comparison
Mar 31, 2025