QuinStreet Inc (QNST)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 368,546 | 337,155 | 419,909 | 449,515 | 358,407 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $368,546K
= 0.00
The debt-to-assets ratio for QuinStreet Inc has consistently been 0.00, across the past five years (from June 30, 2020, to June 30, 2024). This indicates that the company has not relied on debt financing to fund its operations, and its assets have been largely financed through equity. A debt-to-assets ratio of 0.00 suggests that the company has a strong financial position, with a low risk of financial distress due to debt obligations. This could be perceived positively by investors and creditors, as it reflects prudent financial management and a solid balance sheet. However, it's important to note that while a low debt-to-assets ratio signifies financial stability, an excessively low ratio might also indicate underutilization of debt as a potential source of cheaper capital.
Peer comparison
Jun 30, 2024