QualTek Services (QualTek Services) Debt-to-Equity : -8.50 (As of Mar. 2023)

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What is QualTek Services Debt-to-Equity?

QualTek Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $602.4 Mil. QualTek Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $48.6 Mil. QualTek Services's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $-76.6 Mil. QualTek Services's debt to equity for the quarter that ended in Mar. 2023 was -8.49.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for QualTek Services's Debt-to-Equity or its related term are showing as below:

QTEKQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -29.9 Med: -8.5 Max: 52.05
Current: -8.5

During the past 4 years, the highest Debt-to-Equity Ratio of QualTek Services was 52.05. The lowest was -29.90. And the median was -8.50.

QTEKQ's Debt-to-Equity is not ranked
in the Telecommunication Services industry.
Industry Median: 0.65 vs QTEKQ: -8.50

QualTek Services Debt-to-Equity Historical Data

The historical data trend for QualTek Services's Debt-to-Equity 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.

* Premium members only.

QualTek Services Debt-to-Equity Chart

QualTek Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

3.06

14.87

-8.45

-11.64

QualTek Services Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial							-29.90	-19.76	-18.96	-11.64	-8.50

Competitive Comparison of QualTek Services's Debt-to-Equity

For the Telecom Services subindustry, QualTek Services's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

QualTek Services's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, QualTek Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where QualTek Services's Debt-to-Equity falls into.

QualTek Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

QualTek Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(566.02	+	45.366)	/	-52.531
	=	-11.64

QualTek Services's Debt to Equity Ratio for the quarter that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(602.383	+	48.554)	/	-76.63
	=	-8.49

QualTek Services (OTCPK:QTEKQ) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

QualTek Services Debt-to-Equity Related Terms

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QualTek Services (QualTek Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » QualTek Services Inc (OTCPK:QTEKQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

475 Sentry Parkway E, Suite 200, Blue Bell, PA, USA, 19422

Website

https://www.qualtekservices.com

QualTek Services Inc is a technology-driven provider of infrastructure services to the 5G wireless, telecom, power grid modernization, and renewable energy sectors across North America.

Executives

Emanuel R Pearlman	director	250 EAST 79TH STREET, NEW YORK NY 10075
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Matthew J. Mccolgan	officer: Chief Financial Officer	475 SENTRY PARKWAY E, STE 200, BLUE BELL PA 19422
John A Kritzmacher	director	C/O GLOBAL CROSSING LIMITED, 200 PARK AVENUE, SUITE 300, FLORHAM PARK NJ 07932
Bruce E Roberson	director	5416 HOLLY SPRINGS DR, HOUSTON TX 77056
Cielo Hernandez	director	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Adam Paul Spittler	officer: Chief Financial Officer	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Christopher Scott Hisey	director, officer: CEO and Director	818 HIDDEN FOREST DRIVE, COLLEGEVILLE PA 19426
Elizabeth Downey	officer: Chief Administrative Officer	1777 SENTRY PARKWAY WEST, SUITE 302, BLUE BELL PA 19422
Daniel Lafond	director	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Brightstar Gp Investors, Llc	director, 10 percent owner	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Bcp Qualtek Ii, Llc	director, 10 percent owner	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Bcp Qualtek, Llc	director, 10 percent owner	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Raul A Deju	director
Maha Eltobgy	director	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422