Qorvo Balance Sheet Health
Financial Health criteria checks 5/6
Qorvo has a total shareholder equity of $3.6B and total debt of $2.0B, which brings its debt-to-equity ratio to 55.8%. Its total assets and total liabilities are $6.7B and $3.1B respectively. Qorvo's EBIT is $175.6M making its interest coverage ratio 5. It has cash and short-term investments of $1.1B.
Key information
55.8%
Debt to equity ratio
US$2.03b
Debt
Interest coverage ratio | 5x |
Cash | US$1.07b |
Equity | US$3.64b |
Total liabilities | US$3.06b |
Total assets | US$6.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2QO's short term assets ($2.4B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: 2QO's short term assets ($2.4B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: 2QO's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: 2QO's debt to equity ratio has increased from 15.7% to 55.8% over the past 5 years.
Debt Coverage: 2QO's debt is well covered by operating cash flow (34.3%).
Interest Coverage: 2QO's interest payments on its debt are well covered by EBIT (5x coverage).