QuinStreet Inc (QNST)

Debt-to-capital ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	216,825	229,801	286,000	295,148	255,944
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $216,825K)
= 0.00

Based on the historical data provided for QuinStreet Inc, the debt-to-capital ratio has consistently been 0.00 for the past five years, including as of June 30, 2024. This indicates that the company has not used any debt to finance its operations or investments relative to its capital structure during this period.

A debt-to-capital ratio of 0.00 implies that QuinStreet Inc has been relying fully on equity financing for its activities, which could suggest a conservative financial approach with minimal financial risk associated with debt obligations. This also indicates that the company may have a strong financial position and cash flow to support its operations without the need for external borrowing.

However, it is important to note that while a low debt-to-capital ratio can be a positive indicator of financial stability, it may also signal that the company is not taking advantage of potential growth opportunities that could be funded through debt financing. Future analysis should consider the company's overall capital structure and funding strategy to assess its ability to optimize its financial leverage effectively.