Qorvo Inc (QRVO)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	3,556,370	3,902,790	4,553,220	4,629,420	4,292,660
Debt-to-capital ratio		0.00	0.34	0.31	0.00	0.00

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,556,370K)
= 0.00

The debt-to-capital ratio of Qorvo Inc has shown fluctuations over the past five years. In the most recent fiscal year ending March 31, 2024, the company reported a debt-to-capital ratio of 0.00, indicating that there was no debt in the capital structure. This could suggest a lower financial risk and less dependence on debt financing.

In the previous fiscal year, the ratio was 0.34, indicating that 34% of the company's capital structure was comprised of debt. The decrease in the debt-to-capital ratio from 2023 to 2024 reflects a reduction in the company's reliance on debt financing, which could be viewed positively by investors and creditors.

The debt-to-capital ratio was also 0.31 in the fiscal year 2022, suggesting a relatively stable level of debt compared to the previous year. In fiscal years 2021 and 2020, the company reported a debt-to-capital ratio of 0.00, indicating no debt in the capital structure for those years.

Overall, the trend in Qorvo Inc's debt-to-capital ratio indicates a varying degree of leverage in the company's capital structure over the past five years, with a notable decrease in debt reliance in the most recent fiscal year. Investors and stakeholders may view this as a positive shift towards a more conservative financial position.