QuinStreet Inc (QNST)

Debt-to-assets ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	368,546	349,251	320,917	320,965	337,155	412,479	391,893	405,527	419,909	433,763	427,591	441,933	449,515	442,495	415,057	417,112	358,407	360,512	339,404	342,258
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 reported as 0.00 across multiple quarters, indicating that the company has not reported any debt on its balance sheet in relation to its total assets during the specified period. This signifies that the company may be funding its operations and investments primarily through equity or it may have very minimal debt that is not significant enough to impact the ratio. A debt-to-assets ratio of 0.00 typically reflects a low financial risk in terms of debt obligations and suggests a strong financial position with a relatively low level of leverage. It is important to note that while a low or zero debt-to-assets ratio can be favorable, it may also indicate missed opportunities for leveraging debt to potentially enhance returns or fuel growth. Further analysis of the company's capital structure, interest coverage ratio, and overall financial health would provide a more comprehensive understanding of its financial standing and strategies.