EQT Corporation (EQT)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	202,093	80,977	1,458,640	113,963	18,210
Short-term investments	US$ in thousands	—	—	—	—	203,380
Total current liabilities	US$ in thousands	2,461,550	2,036,840	3,732,220	5,186,240	1,762,410
Cash ratio		0.08	0.04	0.39	0.02	0.13

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($202,093K + $—K) ÷ $2,461,550K
= 0.08

The cash ratio of EQT Corporation has fluctuated over the past five years. As of December 31, 2020, the company had a cash ratio of 0.13, indicating that it had $0.13 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased significantly to 0.02 by December 31, 2021, suggesting a lower level of liquidity compared to the previous year.

However, in the following year, as of December 31, 2022, the cash ratio improved to 0.39, signaling an increase in the company's ability to cover its short-term obligations with its cash reserves. This improvement was not sustained, as the ratio dropped to 0.04 by December 31, 2023, indicating a potential liquidity strain.

By the end of the most recent year, December 31, 2024, EQT Corporation's cash ratio rose slightly to 0.08. Overall, the fluctuating trend in the cash ratio suggests that the company's liquidity position has been variable, with periods of stronger and weaker ability to meet its short-term financial commitments using available cash resources.