EQT Corporation (EQT)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	1,714,680	2,012,980	4,014,440	2,286,770	1,215,450
Total current liabilities	US$ in thousands	2,461,550	2,036,840	3,732,220	5,186,240	1,762,410
Current ratio		0.70	0.99	1.08	0.44	0.69

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,714,680K ÷ $2,461,550K
= 0.70

The current ratio of EQT Corporation has displayed fluctuating trends over the years. As of December 31, 2020, the current ratio was 0.69, indicating that the company had $0.69 in current assets to cover each dollar of current liabilities. This ratio decreased to 0.44 by December 31, 2021, suggesting that the company's liquidity position deteriorated significantly during that period.

However, by December 31, 2022, the current ratio improved to 1.08, surpassing the ideal threshold of 1.0. This indicates that the company had more than enough current assets to meet its short-term obligations. Subsequently, the ratio decreased slightly to 0.99 by December 31, 2023, but it still remained above 1.0, signifying a relatively healthy liquidity position.

By the end of December 31, 2024, the current ratio dropped to 0.70, indicating a decline in EQT Corporation's liquidity compared to the previous year. Overall, while there have been fluctuations in the current ratio over the years, it is important for EQT Corporation to closely monitor and manage its liquidity position to ensure it can meet its short-term obligations effectively.