Qorvo Inc (QRVO)

Debt-to-capital ratio

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Long-term debt	US$ in thousands	—	1,550,440	2,048,580	2,048,260	2,048,070	2,047,740	2,047,400	2,047,180	2,047,100	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	3,556,370	3,638,350	3,817,190	3,812,220	3,902,790	4,164,570	4,322,140	4,300,600	4,553,220	4,667,200	4,727,750	4,648,390	4,629,420	4,503,700	4,407,170	4,351,240	4,292,660	4,339,380	4,265,490	4,337,340
Debt-to-capital ratio		0.00	0.30	0.35	0.35	0.34	0.33	0.32	0.32	0.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 varied over the quarters, with a noticeable increase from the first quarter of 2023 to the fourth quarter of 2023. The ratio stood at 0.30 as of December 31, 2023, and has gradually increased to 0.35 by September 30, 2023, where it stabilized for the following few quarters. Notably, prior to December 31, 2021, the company had a debt-to-capital ratio of 0.00, suggesting a debt-free capital structure. The sudden shift from no debt to a ratio of 0.30 and above since 2022 indicates the company's increased reliance on debt to finance its operations and growth. Further monitoring of this trend will be crucial to assess the company's financial leverage and risk profile in the future.