Qorvo Inc (QRVO)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.75 | 1.76 | 1.91 | 1.85 | 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 |
The solvency ratios of Qorvo Inc reflect a significant level of financial stability and strength over the analyzed periods.
1. Debt-to-assets ratio: Qorvo Inc maintains a consistently low debt-to-assets ratio of 0.00 throughout the reported periods. This indicates that the company has very little debt compared to its total assets, suggesting a strong ability to cover its obligations using its asset base.
2. Debt-to-capital ratio: Similar to the debt-to-assets ratio, the debt-to-capital ratio remains at 0.00 across all periods. This ratio also signifies that Qorvo Inc relies minimally on debt to finance its operations relative to its capital structure.
3. Debt-to-equity ratio: The debt-to-equity ratio is also consistently at 0.00 during the periods analyzed. This demonstrates that the company's shareholders' equity far exceeds its total debt, reflecting a healthy financial structure.
4. Financial leverage ratio: The financial leverage ratio fluctuates slightly but generally remains within a manageable range, increasing from 1.58 in June 2020 to 1.75 in March 2025. This suggests that the company has been effectively utilizing debt to support its operations without excessively exposing itself to financial risk.
Overall, based on the solvency ratios examined, Qorvo Inc appears to be in a strong financial position with minimal debt relative to its assets and capital, indicating a solid capacity to meet its financial obligations and maintain stability in the long term.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.33 | 2.06 | 0.83 | 2.80 | 2.06 | 0.35 | 0.94 | 2.51 | 4.43 | 9.32 | 13.82 | 15.73 | 19.65 | 20.89 | 19.29 | 15.09 | 11.74 | 8.43 | 7.97 | 7.63 |
Qorvo Inc's interest coverage ratio has shown fluctuations over the analyzed period, indicating its ability to meet interest obligations. The ratio started at 7.63 in June 2020 and gradually increased to reach a peak of 20.89 by December 31, 2021. This upward trend highlights the company's improving ability to cover interest payments with its operating income.
However, following this peak, the interest coverage ratio began to decline significantly, dropping to 0.35 by December 31, 2023. This sharp decrease suggests a potential concern regarding the company's ability to comfortably meet its interest expenses using its earnings during this period.
Subsequently, there was a slight recovery in the interest coverage ratio, reaching 2.80 by June 30, 2024, before decreasing again to 1.33 by March 31, 2025. Overall, the fluctuating trend in Qorvo Inc's interest coverage ratio indicates some variability in the company's ability to cover its interest payments over time. It is important for stakeholders to closely monitor this ratio to ensure the company remains financially stable and capable of servicing its debt obligations.