Qualcomm Annual Report. What do We get?

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Qualcomm Snapdragon is the most used SoC

This is how a firm repays a debt by issuing new debt – digging a hole, filling the hole practice. In May 2020, Qualcomm had to repay its 2 billion total debt, but instead of using its cash (almost 12 billion in 2019), The chipmaker issue a new debt note with the same amount to repay it. August 2020, Qualcomm issue another 2 billion to purchase its another old debt note.

Its balance sheet – 15.7 billion debt (both short and long term) vs 6.7 billion cash (and cash equivalent) – bold the firm’s dependence on debt. Do our dragon always hungry for resources? Do shareholders need to worry?

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