QualTek Services (QualTek Services) Debt-to-Asset : 0.97 (As of Mar. 2023)

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What is QualTek Services Debt-to-Asset?

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 Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2023 was $671.9 Mil. QualTek Services's debt to asset for the quarter that ended in Mar. 2023 was 0.97.

QualTek Services Debt-to-Asset Historical Data

The historical data trend for QualTek Services's Debt-to-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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QualTek Services Debt-to-Asset Chart

QualTek Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

0.55

0.69

0.84

0.89

QualTek Services Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Asset	Get a 7-Day Free Trial							0.79	0.80	0.81	0.89	0.97

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

For the Telecom Services subindustry, QualTek Services's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Telecommunication Services Industry

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

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

QualTek Services Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(566.02	+	45.366)	/	688.927
	=	0.89

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(602.383	+	48.554)	/	671.921
	=	0.97

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

QualTek Services Debt-to-Asset 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-Asset

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