QuinStreet Inc (QNST)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	216,825	214,964	215,253	222,336	229,801	284,527	279,796	283,256	286,000	301,463	298,645	299,695	295,148	288,567	279,406	273,288	255,944	249,207	233,871	228,091
Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $216,825K
= 0.00

The debt-to-equity ratio of QuinStreet Inc has been consistently reported as 0.00 for all the periods listed in the table. A debt-to-equity ratio of 0.00 typically indicates that the company has no debt on its balance sheet relative to its equity. This could suggest that QuinStreet Inc relies more on equity financing rather than debt financing to fund its operations and growth.

A debt-to-equity ratio of 0.00 may be favorable as it signifies a lower financial risk for the company since it does not have significant debt obligations that could strain its financial position. However, it is important to note that a very low or zero debt-to-equity ratio could also mean missed opportunities for leveraging debt to potentially enhance returns on equity.

Overall, QuinStreet Inc's consistent debt-to-equity ratio of 0.00 indicates a conservative financial strategy with minimal reliance on debt for its capital structure. Investors and stakeholders may view this as a sign of financial stability and prudence in managing long-term financial obligations.