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
Qorvo (NASDAQ:QRVO) Has A Pretty Healthy Balance Sheet
Mar 27
Does Qorvo (NASDAQ:QRVO) Have A Healthy Balance Sheet?
Dec 26Here's Why Qorvo (NASDAQ:QRVO) Has A Meaningful Debt Burden
Sep 14Is Qorvo (NASDAQ:QRVO) A Risky Investment?
May 09Here's Why Qorvo (NASDAQ:QRVO) Can Manage Its Debt Responsibly
Jan 29Is Qorvo (NASDAQ:QRVO) Using Too Much Debt?
Sep 28Recent updates
Lacklustre Performance Is Driving Qorvo, Inc.'s (NASDAQ:QRVO) Low P/S
Apr 15Qorvo (NASDAQ:QRVO) Has A Pretty Healthy Balance Sheet
Mar 27Qorvo: Not My Cup Of Tea During Smartphone Downturn - Initiating With A Sell
Mar 12Is There An Opportunity With Qorvo, Inc.'s (NASDAQ:QRVO) 39% Undervaluation?
Feb 20Growing Richer With Qorvo
Feb 09Qorvo: Riding The Microchip Rebound (SA Quant)
Jan 26Capital Allocation Trends At Qorvo (NASDAQ:QRVO) Aren't Ideal
Jan 15Does Qorvo (NASDAQ:QRVO) Have A Healthy Balance Sheet?
Dec 26Should You Investigate Qorvo, Inc. (NASDAQ:QRVO) At US$100?
Dec 08Is Qorvo, Inc. (NASDAQ:QRVO) Trading At A 48% Discount?
Oct 23Some Investors May Be Worried About Qorvo's (NASDAQ:QRVO) Returns On Capital
Oct 04Here's Why Qorvo (NASDAQ:QRVO) Has A Meaningful Debt Burden
Sep 14At US$107, Is Qorvo, Inc. (NASDAQ:QRVO) Worth Looking At Closely?
Aug 05Calculating The Fair Value Of Qorvo, Inc. (NASDAQ:QRVO)
Jul 04Qorvo (NASDAQ:QRVO) Is Looking To Continue Growing Its Returns On Capital
Jun 19Is Qorvo (NASDAQ:QRVO) A Risky Investment?
May 09What Does Qorvo, Inc.'s (NASDAQ:QRVO) Share Price Indicate?
Apr 23Is Qorvo, Inc. (NASDAQ:QRVO) Trading At A 34% Discount?
Mar 29The Return Trends At Qorvo (NASDAQ:QRVO) Look Promising
Mar 17Here's Why Qorvo (NASDAQ:QRVO) Can Manage Its Debt Responsibly
Jan 29Should You Investigate Qorvo, Inc. (NASDAQ:QRVO) At US$100?
Jan 16Is There An Opportunity With Qorvo, Inc.'s (NASDAQ:QRVO) 49% Undervaluation?
Dec 06Some Qorvo, Inc. (NASDAQ:QRVO) Analysts Just Made A Major Cut To Next Year's Estimates
Nov 12There's Been No Shortage Of Growth Recently For Qorvo's (NASDAQ:QRVO) Returns On Capital
Oct 13Is Qorvo (NASDAQ:QRVO) Using Too Much Debt?
Sep 28Qorvo CFO sheds interim tag
Aug 30Is There Now An Opportunity In Qorvo, Inc. (NASDAQ:QRVO)?
Aug 24Quivering Qorvo Stopped Quivering Opening Investment Opportunities
Aug 22Qorvo: Around The Sweet Spot
Aug 13Qorvo wins FDA nod for COVID-19 rapid antigen test in POC settings
Aug 04We Ran A Stock Scan For Earnings Growth And Qorvo (NASDAQ:QRVO) Passed With Ease
Jul 25Returns Are Gaining Momentum At Qorvo (NASDAQ:QRVO)
Jul 12Quivering Qorvo Not Yet Ready
Jul 07Financial Position Analysis
Short Term Liabilities: QRVO's short term assets ($2.4B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: QRVO's short term assets ($2.4B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: QRVO's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: QRVO's debt to equity ratio has increased from 15.7% to 55.8% over the past 5 years.
Debt Coverage: QRVO's debt is well covered by operating cash flow (34.3%).
Interest Coverage: QRVO's interest payments on its debt are well covered by EBIT (5x coverage).