EQT Corporation (EQT)

Quick ratio

		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	US$ in thousands	202,093	88,980	29,974	648,048	80,977	64,750	1,215,490	2,127,260	1,458,640	87,541	43,745	16,913	113,963	22,792	330,770	40,670	18,210	13,668	2,968	18,651
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	203,380	214,004	—	—
Receivables	US$ in thousands	1,229,990	670,390	676,685	535,821	915,109	559,348	475,211	628,132	1,608,090	1,938,720	2,058,950	1,212,600	1,438,030	1,132,360	651,568	682,496	566,552	479,192	543,395	832,800
Total current liabilities	US$ in thousands	2,461,550	2,113,950	1,685,570	2,373,630	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
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

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($202,093K + $—K + $1,229,990K) ÷ $2,461,550K
= 0.58

The quick ratio of EQT Corporation has fluctuated over the past few years, ranging from a low of 0.16 to a high of 1.03. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.

From March 31, 2020, to March 31, 2022, the quick ratio remained relatively low, hovering around 0.16 to 0.41. However, there was a notable increase in the quick ratio in the later quarters of 2022, reaching as high as 0.82 by December 31, 2022. This suggests an improvement in the company's liquidity position during that period.

Subsequently, the quick ratio exhibited some volatility in the following quarters, with values fluctuating between 0.29 and 0.58. Overall, despite fluctuations, the quick ratio improved in the later periods compared to the earlier years, indicating a potentially stronger ability to cover short-term obligations with liquid assets.