EQT Corporation (EQT)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	2,012,980	1,247,240	2,425,570	3,949,550	4,014,440	3,902,470	4,085,630	3,025,930	2,286,770	3,340,900	2,168,660	1,313,700	1,215,450	1,342,150	1,541,800	1,948,040	1,754,860	1,495,220	1,598,090	1,380,040
Total current liabilities	US$ in thousands	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	1,345,900	1,449,710	1,533,290	2,185,490
Current ratio		0.99	0.59	1.11	1.48	1.08	0.59	0.57	0.40	0.44	0.46	0.59	0.75	0.69	0.73	0.99	1.32	1.30	1.03	1.04	0.63

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,012,980K ÷ $2,036,840K
= 0.99

The current ratio for EQT Corp has fluctuated over the past eight quarters. In Q4 2023, the current ratio was 0.99, indicating that the company's current assets were slightly less than its current liabilities. This was a decrease from the previous quarter where the current ratio was 1.48, suggesting a potential liquidity concern. The current ratio had shown improvement in Q2 2023 at 1.11 but prior to that, it had been consistently below 1, indicating potential liquidity issues. Overall, the company's current ratio has been volatile, and further analysis of its asset and liability composition may be necessary to understand the underlying reasons for these fluctuations.