A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Qorvo's Debt-to-Equity or its related term are showing as below:
QRVO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.23 Max: 0.61
Current: 0.49
During the past 10 years, the highest Debt-to-Equity Ratio of Qorvo was 0.61. The lowest was 0.01. And the median was 0.23.
QRVO's Debt-to-Equity is ranked worse than 69.6% of 829
companies
in the Semiconductors industry
Industry Median: 0.24
vs QRVO: 0.49
Qorvo Debt-to-Equity Historical Data
The historical data trend for Qorvo's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Qorvo Annual Data
Trend
Mar13
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Debt-to-Equity
0.21
0.21
0.37
0.38
0.45
Qorvo Quarterly Data
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Debt-to-Equity
0.44
0.45
0.48
0.47
0.49
Competitive Comparison
For the Semiconductors subindustry, Qorvo's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Qorvo Debt-to-Equity Distribution
For the Semiconductors industry and Technology sector, Qorvo's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Qorvo's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.
Qorvo Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Qorvo's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Qorvo Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Qorvo's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.
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