EQT Corporation (EQT)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	202,093	88,980	29,974	648,048	80,977	64,750	1,215,490	2,127,260	1,458,640	87,541	43,745	16,913	113,963	22,792	330,770	40,670	18,210	13,668	2,968	18,651
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	203,380	214,004	—	—
Total current liabilities	US$ in thousands	2,461,550	2,113,950	1,685,570	2,373,630	2,036,840	2,118,940	2,182,830	2,664,420	3,732,220	6,637,900	7,189,750	7,605,290	5,186,240	7,228,350	3,679,200	1,750,030	1,762,410	1,839,520	1,560,590	1,473,230
Cash ratio		0.08	0.04	0.02	0.27	0.04	0.03	0.56	0.80	0.39	0.01	0.01	0.00	0.02	0.00	0.09	0.02	0.13	0.12	0.00	0.01

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 shown varying levels over the period from March 31, 2020, to December 31, 2024.

The cash ratio is an indicator of a company's ability to cover its short-term obligations using its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.

EQT Corporation's cash ratio ranged from as low as 0.00 in June 30, 2020, September 30, 2021, June 30, 2022, to as high as 0.80 in March 31, 2023, and 0.56 in June 30, 2023. These fluctuations suggest potential volatility in the company's ability to pay off its current liabilities solely with its cash holdings during these periods.

Overall, EQT Corporation experienced an improvement in its cash ratio towards the end of the period, reaching 0.27 in March 31, 2024, 0.04 in December 31, 2024, which indicates a better liquidity position compared to earlier periods. However, it is important to monitor these ratios over time to assess the company's ongoing liquidity management and financial health.