Qorvo Inc (QRVO)

Financial leverage 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
Total assets	US$ in thousands	6,554,640	6,699,390	6,718,520	6,686,590	6,691,900	7,076,220	7,374,730	7,330,520	7,509,070	7,626,580	7,576,460	7,271,860	7,221,470	7,041,380	7,824,420	6,882,690	6,560,680	6,519,500	5,848,570	5,926,380
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
Financial leverage ratio		1.84	1.84	1.76	1.75	1.71	1.70	1.71	1.70	1.65	1.63	1.60	1.56	1.56	1.56	1.78	1.58	1.53	1.50	1.37	1.37

March 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,554,640K ÷ $3,556,370K
= 1.84

The financial leverage ratio of Qorvo Inc has shown fluctuations over the past few quarters. The ratio has ranged between 1.37 and 1.84 during the last two years, indicating variations in the company's capital structure and debt levels.

From December 2019 to June 2020, the financial leverage ratio increased steadily from 1.37 to 1.78, suggesting a higher level of debt relative to equity during this period. However, there was a notable decline in the ratio in the subsequent quarters, reaching a low of 1.50 by March 2020.

From March 2020 onwards, there was a consistent increase in the financial leverage ratio, peaking at 1.84 in March 2024. This upward trend may indicate a shift towards a higher level of leverage or increased debt in the company's capital structure.

Overall, the financial leverage ratio of Qorvo Inc has displayed variability, highlighting changes in the company's debt levels relative to equity over the analyzed period. Investors and analysts may want to closely monitor these fluctuations to assess the company's risk profile and capital structure.