Qorvo Inc (QRVO)

Debt-to-assets ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Long-term debt	US$ in thousands	—	2,048,070	2,047,100	—	—
Total assets	US$ in thousands	6,554,640	6,691,900	7,509,070	7,221,470	6,560,680
Debt-to-assets ratio		0.00	0.31	0.27	0.00	0.00

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,554,640K
= 0.00

The debt-to-assets ratio of Qorvo Inc has shown variability over the past five years. In 2024 and 2020, the company had a debt-to-assets ratio of 0.00, indicating that the company had no debt relative to its total assets in those years. In 2023 and 2022, the ratio stood at 0.31 and 0.27, respectively, suggesting that the company had a higher level of debt compared to its assets during those periods. Notably, in 2021, the debt-to-assets ratio was also 0.00, indicating that the company had no debt relative to its total assets in that year. Overall, the fluctuation in the debt-to-assets ratio over the years may reflect changes in the company's capital structure and leverage levels.