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 | ||
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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.
Peer comparison
Mar 31, 2024