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 55.9%. Its total assets and total liabilities are $6.6B and $3.0B respectively. Qorvo's EBIT is $414.8M making its interest coverage ratio 13.4. It has cash and short-term investments of $1.0B.
Key information
55.9%
Debt to equity ratio
US$1.99b
Debt
Interest coverage ratio | 13.4x |
Cash | US$1.03b |
Equity | US$3.56b |
Total liabilities | US$3.00b |
Total assets | US$6.55b |
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 ($1.2B).
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 (27%) is considered satisfactory.
Reducing Debt: 2QO's debt to equity ratio has increased from 21.1% to 55.9% over the past 5 years.
Debt Coverage: 2QO's debt is well covered by operating cash flow (41.9%).
Interest Coverage: 2QO's interest payments on its debt are well covered by EBIT (13.4x coverage).