QHSLab (USAQ) Debt Ratio (2018 - 2025)
QHSLab's Debt Ratio was 0.27 in Q4 2025, down 73.3% from 0.99 a year earlier and down 77.5% from the prior quarter.
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Analysis
QHSLab (USAQ) Debt Ratio (2018 - 2025) Analysis & Trends
From Q4 2018 onward, QHSLab has reported Debt Ratio for 25 quarters.
- In earlier years, Debt Ratio was 0.99 in FY2024 (-14.5%), 1.16 in FY2023 (+70.4%), 0.68 in FY2022 (+59.5%) and 0.43 in FY2021 (+131.7%).
- The Q4 2025 figure marks the lowest quarterly Debt Ratio since Q2 2021.
- Compared with a year earlier, Debt Ratio was higher in five of the last eight quarters, with growth averaging 7.5%.
- The best year-over-year quarter for Debt Ratio over five years was Q2 2022 (growth of 241.5%); the worst was Q2 2021 (a decline of 99.9%).
- Per Business Quant data, USAQ's Debt Ratio in the three quarters before Q4 2025 was 1.18 (Q3 2025), 1.19 (Q2 2025) and 0.97 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | 72.83 |
| 2 | Veeva Systems | 51.55 Bn | 23.79 Bn | 695.95 Mn | - |
| 3 | Samsara | 24.79 Bn | 21.56 Bn | 392.58 Mn | - |
| 4 | Ptc | 22.17 Bn | 20.99 Bn | 490.47 Mn | 0.00 |
| 5 | Toast | 18.88 Bn | 11.55 Bn | 516.00 Mn | - |
| 6 | Trimble | 14.47 Bn | 13.54 Bn | 674.90 Mn | 0.17 |
| 7 | Manhattan Associates | 13.68 Bn | 12.67 Bn | 168.33 Mn | - |
| 8 | Costar | 13.35 Bn | 7.30 Bn | 728.00 Mn | 0.10 |
| 9 | Bentley Systems | 11.88 Bn | 11.34 Bn | 336.74 Mn | 0.34 |
| 10 | QHSLab | 3.50 Mn | 2.48 Mn | 488,259.00 | 0.27 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.27 |
| Sep 30, 2025 | 1.18 |
| Jun 30, 2025 | 1.19 |
| Mar 31, 2025 | 0.97 |
| Dec 31, 2024 | 0.99 |
| Sep 30, 2024 | 1.04 |
| Jun 30, 2024 | 1.02 |
| Mar 31, 2024 | 1.06 |
| Dec 31, 2023 | 1.16 |
| Sep 30, 2023 | 0.74 |
| Jun 30, 2023 | 0.73 |
| Mar 31, 2023 | 0.73 |
| Dec 31, 2022 | 0.68 |
| Sep 30, 2022 | 0.62 |
| Jun 30, 2022 | 0.53 |
| Mar 31, 2022 | 0.45 |
| Dec 31, 2021 | 0.43 |
| Sep 30, 2021 | 0.32 |
| Jun 30, 2021 | 0.16 |
| Dec 31, 2020 | 0.18 |
API Access
QHSLab Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=USAQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "USAQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=USAQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();