EQT Corporation (EQT)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 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 | 1.18 | 0.98 | 1.17 | 0.96 |
| Cash ratio | 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 | 0.51 | 0.51 | 0.67 | 0.52 |
The liquidity ratios of EQT Corp, as reflected in the data provided, indicate fluctuations over the past eight quarters.
1. Current Ratio: EQT Corp's current ratio has varied significantly, ranging from a low of 0.40 in Q1 2022 to a high of 1.48 in Q1 2023. This ratio measures the company's ability to meet its short-term obligations with its current assets. Fluctuations in the current ratio could indicate changes in the company's working capital management or financial health.
2. Quick Ratio: The quick ratio, which excludes inventory from current assets, follows a similar trend as the current ratio. It also experienced notable fluctuations, suggesting varying levels of liquidity without relying on inventory turnover. EQT Corp appears to have a higher reliance on liquid assets to cover short-term liabilities.
3. Cash Ratio: The cash ratio, representing the most stringent liquidity measure, also exhibited variability. EQT Corp's cash ratio ranged from 0.24 in Q1 2022 to 1.25 in Q1 2023. This ratio indicates the firm's ability to cover its current liabilities solely with cash and cash equivalents.
In summary, EQT Corp's liquidity ratios have shown fluctuations over the past eight quarters, indicating variations in its ability to meet short-term obligations with available assets. Further analysis and trend monitoring may help in understanding the underlying factors driving these changes and assessing the company's overall liquidity position.
See also:
EQT Corporation Liquidity Ratios (Quarterly Data)
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 7.27 | -59.83 | -34.35 | -3.87 | -46.11 | -145.71 | -147.47 | -139.10 | -49.12 | 137.93 | 28.14 | -8.13 | 25.75 | 36.04 | 85.94 | 116.84 | 77.29 | 55.08 | 52.50 | 23.77 |
The cash conversion cycle is a measure of how efficiently a company is able to convert its investments in inventory and other resources into cash flow from sales. A lower cash conversion cycle indicates that a company is able to receive cash more quickly from its operating activities.
Analyzing the data provided for EQT Corp over the past eight quarters, we observe fluctuations in the cash conversion cycle. In Q4 2023, the cash conversion cycle significantly decreased to 48.35 days from the high of 125.36 days in Q3 2023. This may suggest an improvement in the company's efficiency in managing its working capital during this period.
In Q2 2023, the cash conversion cycle was relatively low at 40.18 days, indicating a quick turnaround from investments to cash. Q1 2023 also showed a relatively low cycle of 33.54 days, which suggests effective management of inventory and accounts receivable.
In comparison, Q4 2022 and Q3 2022 had higher cash conversion cycles of 78.28 days and 69.72 days, respectively. This might indicate inefficiencies in managing working capital during those quarters.
Overall, EQT Corp's cash conversion cycle has demonstrated fluctuations over the past eight quarters, indicating variations in the company's working capital management. Monitoring these trends can provide insights into the company's operational efficiency and financial performance.