Qorvo Inc (QRVO)

Debt-to-equity 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-equity ratio		0.00	0.52	0.45	0.00	0.00

March 31, 2024 calculation

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

The debt-to-equity 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-equity ratio of 0.00, indicating that the company had no debt relative to its equity.

In the preceding fiscal year, the ratio was 0.52, suggesting that the company had slightly more debt than equity. Prior to that, in March 2022, the ratio was 0.45, showing a moderate level of debt compared to equity.

It is notable that in the fiscal years ending March 31, 2021 and 2020, the company reported a debt-to-equity ratio of 0.00, indicating either very minimal debt or no debt at all during those periods.

Overall, the trend in the debt-to-equity ratio for Qorvo Inc suggests that the company has been managing its debt levels effectively, with a recent focus on reducing or maintaining a lower level of debt relative to its equity position.