Quest Resource Holding (STU:5ZK) LT-Debt-to-Total-Asset : 0.38 (As of Mar. 2024)

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What is Quest Resource Holding LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Quest Resource Holding's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.38.

Quest Resource Holding's long-term debt to total assets ratio declined from Mar. 2023 (0.40) to Mar. 2024 (0.38). It may suggest that Quest Resource Holding is progressively becoming less dependent on debt to grow their business.

Quest Resource Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Quest Resource Holding's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Quest Resource Holding LT-Debt-to-Total-Asset Chart

Quest Resource Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.15

0.36

0.40

0.37

Quest Resource Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.35	0.34	0.37	0.38

Quest Resource Holding LT-Debt-to-Total-Asset Calculation

Quest Resource Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	60.442	/	162.418
	=	0.37

Quest Resource Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	62.99	/	164.654
	=	0.38

Quest Resource Holding (STU:5ZK) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Quest Resource Holding LT-Debt-to-Total-Asset Related Terms

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Quest Resource Holding (STU:5ZK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Quest Resource Holding Corp (STU:5ZK) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

QRHC:USA 5ZK:Germany

Address

3481 Plano Parkway, Suite 100, The Colony, TX, USA, 75056

Website

https://investors.qrhc.com

Quest Resource Holding Corp is a national provider of waste and recycling services to customers from across multiple industry sectors that are typically larger, multi-location businesses. The company creates customer-specific programs and perform the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables. The company's services focus on the waste streams and recyclables from big box, grocers, and other specialty retailers; automotive after-market operations such as automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and fleet operators; manufacturing and industrial facilities; multi-family and commercial properties; restaurant chains and food operations.

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