How much debt does Qorvo have?
According to Qorvo's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Qorvo's total debt stands at $1.99B. This is broken down into:
- Long-term debt: $1.55B
- Short-term debt: $438.74M
The company's net debt, which accounts for cash and cash equivalents, is $958.75M. In terms of overall financial obligations, Qorvo's total liabilities amount to $3.00B.
Debt Ratios and Metrics
To better understand Qorvo's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.56 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 30.33% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 1.32 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 30.34% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 35.86% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Qorvo's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$1.99B
Long-term Debt
$1.55B
Short-term Debt
$438.74M
Net Debt
$958.75M
Total Liabilities
$3.00B
Interest Coverage
1.32
Debt to Equity Ratio
0.56
Debt Ratio
30.33%
Qorvo Historical Debt Metrics
Qorvo Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $1.99B | $1.55B | $438.74M | $958.75M | $3.00B | 0.56 | 30.33% | 1.32 | 30.34% | 35.86% |
| 2023 | $2.05B | $2.12B | $- | $1.24B | $2.79B | 0.52 | 30.61% | 2.68 | 34.42% | 34.42% |
| 2022 | $2.05B | $2.11B | $17.39M | $1.07B | $2.96B | 0.45 | 27.26% | 13.94 | 31.02% | 31.02% |
| 2021 | $1.74B | $1.80B | $5.09M | $344.67M | $2.59B | 0.38 | 24.13% | 5.67 | 27.35% | 27.35% |
| 2020 | $1.57B | $1.63B | $6.89M | $852.29M | $2.27B | 0.37 | 23.89% | -0.22 | 26.75% | 26.75% |
| 2019 | $919.27M | $919.27M | $80.00K | $208.24M | $1.45B | 0.21 | 15.83% | 4.17 | 17.41% | 17.41% |
| 2018 | $983.29M | $983.29M | $- | $57.25M | $1.61B | 0.21 | 15.41% | -10.71 | 17.07% | 17.07% |
| 2017 | $989.15M | $989.15M | $- | $443.69M | $1.63B | 0.20 | 15.17% | 1.50 | 16.81% | 16.81% |
| 2016 | $988.13M | $988.13M | $- | $562.25M | $1.60B | 0.20 | 14.98% | 0.51 | 16.50% | 16.50% |
| 2015 | $- | $- | $- | $-299.81M | $719.22M | 0.00 | 0.00% | 86.18 | 0.00% | 0.00% |
Related Metrics
Explore detailed financial metrics and analysis for QRVO.