Qorvo Balance Sheet Health
Financial Health criteria checks 5/6
Qorvo has a total shareholder equity of $3.4B and total debt of $2.0B, which brings its debt-to-equity ratio to 57.5%. Its total assets and total liabilities are $6.5B and $3.1B respectively. Qorvo's EBIT is $360.3M making its interest coverage ratio 13.9. It has cash and short-term investments of $1.1B.
Key information
57.5%
Debt to equity ratio
US$1.96b
Debt
| Interest coverage ratio | 13.9x |
| Cash | US$1.10b |
| Equity | US$3.41b |
| Total liabilities | US$3.09b |
| Total assets | US$6.50b |
Recent financial health updates
Does Qorvo (NASDAQ:QRVO) Have A Healthy Balance Sheet?
Aug 11
Qorvo (NASDAQ:QRVO) Has A Pretty Healthy Balance Sheet
Mar 27Does Qorvo (NASDAQ:QRVO) Have A Healthy Balance Sheet?
Dec 26Recent updates
The Returns At Qorvo (NASDAQ:QRVO) Aren't Growing
Nov 22Qorvo Resets Its Markets
Nov 21Upgrading Qorvo To A Buy: Time To Restart The Engine
Nov 01Lacklustre Performance Is Driving Qorvo, Inc.'s (NASDAQ:QRVO) 30% Price Drop
Nov 01Qorvo, Inc.'s (NASDAQ:QRVO) Prospects Need A Boost To Lift Shares
Sep 08The Head-Scratching, Less-Than-Stellar Guidance From Qorvo
Aug 25Does Qorvo (NASDAQ:QRVO) Have A Healthy Balance Sheet?
Aug 11There's Been No Shortage Of Growth Recently For Qorvo's (NASDAQ:QRVO) Returns On Capital
Jul 15Qorvo: Anchored To A Lacking Smartphone Market - Sell
May 30Qorvo: Report Yields A Clearer Picture For The Company And Mobile Devices (Rating Downgrade)
May 07Should You Investigate Qorvo, Inc. (NASDAQ:QRVO) At US$95.67?
May 03Lacklustre 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 26Financial Position Analysis
Short Term Liabilities: QRVO's short term assets ($2.5B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: QRVO's short term assets ($2.5B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: QRVO's net debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: QRVO's debt to equity ratio has increased from 23.9% to 57.5% over the past 5 years.
Debt Coverage: QRVO's debt is well covered by operating cash flow (46.1%).
Interest Coverage: QRVO's interest payments on its debt are well covered by EBIT (13.9x coverage).