Qorvo Inc (QRVO)

Debt-to-equity 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-equity ratio		0.00	0.43	0.54	0.54	0.52	0.49	0.47	0.48	0.45	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-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 quarters. In the most recent quarter ending March 31, 2024, the company reported a debt-to-equity ratio of 0.00, indicating a very low level of debt relative to its equity. This contrasts with the previous quarter where the ratio was 0.43, suggesting a significant decrease in the company's reliance on debt for financing.

Looking back over the past year, there were fluctuations in the debt-to-equity ratio, with values ranging from 0.43 to 0.54. However, prior to the last quarter of 2021, the company consistently reported a debt-to-equity ratio of 0.00, implying either minimal debt or a balanced capital structure.

While a lower debt-to-equity ratio generally implies lower financial risk and the ability to withstand economic downturns, it may also indicate limited leveraging for growth opportunities. Investors and stakeholders may appreciate the company's efforts to maintain a conservative debt level, as reflected in the most recent quarter's ratio of 0.00.