EQT Corporation (EQT)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.70 | 0.51 | 0.73 | 0.88 | 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 |
| Quick ratio | 0.58 | 0.36 | 0.42 | 0.50 | 0.49 | 0.29 | 0.77 | 1.03 | 0.82 | 0.31 | 0.29 | 0.16 | 0.30 | 0.16 | 0.27 | 0.41 | 0.45 | 0.38 | 0.35 | 0.58 |
| 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 |
The liquidity ratios of EQT Corporation show varying levels of liquidity over the reported periods.
1. Current Ratio: The company's current ratio has fluctuated over time, starting at 1.32 on March 31, 2020, and decreasing to a low of 0.40 on March 31, 2022. The current ratio measures EQT's ability to cover its short-term obligations with its current assets. Although there have been periods of lower ratios, the company showed an improvement in liquidity by the end of 2023, with a current ratio of 1.48.
2. Quick Ratio: EQT's quick ratio, which considers more liquid assets like cash and receivables to cover current liabilities, has also displayed fluctuations. The ratio was at its lowest at 0.16 on both September 30, 2021, and March 31, 2022. However, there was a significant improvement by March 31, 2023, reaching 1.03 indicating a stronger ability to meet short-term obligations without relying on inventory.
3. Cash Ratio: The cash ratio, which specifically assesses the company's ability to cover its short-term liabilities with cash and cash equivalents, also exhibited variability. The ratio was negligible at times, with values such as 0.00 on June 30, 2020, and highest at 0.80 on March 31, 2023. This suggests that EQT's reliance on cash to meet immediate obligations varied significantly over the reporting periods.
Overall, while EQT Corporation experienced fluctuations in its liquidity ratios, there were instances of improvement, particularly towards the end of 2023. Monitoring these ratios is crucial for assessing the company's short-term financial health and ability to meet upcoming obligations.
See also:
Additional liquidity measure
| 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 conversion cycle | days | -71.92 | -103.94 | -119.54 | -7.80 | 7.27 | -59.83 | -34.35 | -3.87 | -46.11 | -145.71 | 33.29 | -139.10 | -49.12 | 137.93 | 28.14 | -8.13 | 25.75 | 36.04 | 85.94 | 116.84 |
The cash conversion cycle of EQT Corporation has exhibited significant fluctuations over the reported periods.
Initially, from March 31, 2020, to December 31, 2020, the company managed to improve its cash conversion cycle from 116.84 days to 25.75 days, indicating efficient management of cash flows.
However, from March 31, 2021, to September 30, 2022, the company experienced negative cash conversion cycles, implying that EQT's operating cycle was shorter than its payables and receivables collection periods.
From December 31, 2022, to December 31, 2024, the company's cash conversion cycle remained negative, suggesting the company may have been paying suppliers quicker than collecting payments from customers.
This analysis highlights the importance of monitoring changes in the cash conversion cycle as it can provide insights into a company's efficiency in managing working capital and liquidity.