A refrigeration cycle apparatus includes a refrigeration cycle circuit, a liquid receiver, a first valve and a second valve. The refrigeration cycle circuit includes a compressor, an outdoor heat exchanger and an indoor heat exchanger. The liquid receiver is provided in a second section located in the refrigeration cycle circuit. The second section is a section extending between the outdoor heat exchanger and the indoor heat exchanger without extending through the compressor. The first valve is provided in a first section in the refrigeration cycle circuit, and is a solenoid valve or a motor valve. The first section is a section extending between the outdoor heat exchanger and the indoor heat exchanger through the compressor. The second valve is provided in the second section and between the liquid receiver and the indoor heat exchanger, and is an electronic expansion valve, a solenoid valve or a motor valve.