EQT Corporation (EQT)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,012,980 | 4,014,440 | 2,286,770 | 1,215,450 | 1,754,860 |
| Total current liabilities | US$ in thousands | 2,036,840 | 3,732,220 | 5,186,240 | 1,762,410 | 1,345,900 |
| Current ratio | 0.99 | 1.08 | 0.44 | 0.69 | 1.30 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,012,980K ÷ $2,036,840K
= 0.99
The current ratio of EQT Corp has exhibited fluctuations over the past five years. In 2023, the current ratio stands at 0.99, indicating that the company's current assets are slightly lower than its current liabilities. This suggests that EQT Corp may face difficulties in meeting its short-term obligations with its current assets alone.
Comparing this to previous years, we observe that the current ratio was relatively stable at 1.08 in 2022, which was a positive sign as it indicated that the company had sufficient current assets to cover its current liabilities.
However, in 2021, the current ratio dropped significantly to 0.45, which may have raised concerns about EQT Corp's liquidity position and ability to pay its short-term debts. The further improvement to 0.69 in 2022 was an encouraging sign, though the ratio was still below 1, which implies some risk.
The current ratio peaked at 1.30 in 2019, indicating that EQT Corp had a strong liquidity position at that time. Overall, the current ratio trend for EQT Corp reflects variability in the company's ability to cover its short-term obligations with its current assets. Further analysis of the company's current asset composition and liabilities structure would provide deeper insights into its liquidity position.
Peer comparison
Dec 31, 2023