Qorvo (QRVO) Interest Expense : $-69 Mil (TTM As of Dec. 2023)

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What is Qorvo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Qorvo's interest expense for the three months ended in Dec. 2023 was $ -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-69 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Qorvo's Operating Income for the three months ended in Dec. 2023 was $ -42 Mil. Qorvo's Interest Expense for the three months ended in Dec. 2023 was $ -18 Mil. Qorvo did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Qorvo Interest Expense Historical Data

The historical data trend for Qorvo's Interest Expense 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.

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Qorvo Interest Expense Chart

Qorvo Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-43.96

-60.39

-75.20

-63.33

-68.46

Qorvo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-17.07	-17.24	-17.26	-17.12	-17.58

Qorvo Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-69 Mil.

Qorvo (NAS:QRVO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Qorvo's Interest Expense for the three months ended in Dec. 2023 was $-18 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,550 Mil.

Qorvo's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Qorvo did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Qorvo (QRVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Qorvo Inc (NAS:QRVO) » Definitions » Interest Expense

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2QO:Germany

Address

7628 Thorndike Road, Greensboro, NC, USA, 27409-9421

Website

https://www.qorvo.com

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.

Executives

Steven E Creviston	officer: VP and Pres. Mobile Products
Gina Harrison	officer: VP and Corporate Controller	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Philip Chesley	officer: Pres. Infra & Defense	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Walden C Rhines	director	C/O TRIQUINT SEMICONDUCTOR INC, 2300 NE BROOKWOOD PKWY, HILLSBORO OR 97124
Paul J Fego	officer: VP, Global Operations	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Frank P. Stewart	officer: SVP, Advanced Cellular	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Roderick Nelson	director	2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Robert A Bruggeworth	director, officer: President and CEO	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
John R Harding	director	C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Grant Brown	officer: SVP & Chief Financial Officer	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Jeffery R Gardner	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202
James L Klein	officer: VP and Pres. Infra. & Defense	2300NE BROOKWOOD PKWY, HILLSBORO OR 97124
Susan Louise Spradley	director	C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Walter H Wilkinson	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Mark J. Murphy	officer: Chief Financial Officer	DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098