I've been considering a position in this stock for a while now, but am concerned about the debt levels and the quick ratio of 0.79. I saw somewhere that NXPI has $0.75/share tied up in interest expense. Do any of you all see this as an intentional move on NXPI's part, given the cheap access to capital in recent years, or more of a burden the company has struggled to overcome?
Good question pbj, I believe the simplest answer is that it was an intentional move. NXP is a extremely strong company and hasn't begun to flex it's muscles. Too many analysts these days only cover NXP's involvement in NFC(near field communication) and while NXP holds roughly 70% of that in current markets, it is only a small part of their product lineup. They are strong even WITHOUT NFC so once near field really catches on, NXP has no where to go but up. IMO you should invest in them soon before it gets above $30 again, even I; a frugal investor which is usual very diversified hold 20% of NXP in my portfolio. Best of luck!