QuinStreet Inc (QNST)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $216,825K
= 0.00
QuinStreet Inc has consistently reported a debt-to-equity ratio of 0.00 over the past five years (from June 30, 2020, to June 30, 2024). A debt-to-equity ratio of 0.00 indicates that the company has no debt compared to its equity during this period. This suggests that QuinStreet has been financing its operations primarily through equity rather than debt. A low or zero debt-to-equity ratio can signify financial stability, as it implies lower financial risk and less reliance on external financing. However, it's important to note that while a low debt-to-equity ratio can be positive, it may also indicate missed opportunities for leveraging debt to potentially accelerate growth or increase returns to shareholders. Overall, QuinStreet Inc's consistent zero debt-to-equity ratio reflects a prudent approach to managing its capital structure and financial risk during the specified period.
Peer comparison
Jun 30, 2024