EQT Corporation (EQT)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	9,003,380	5,502,680	5,256,330	4,530,100	4,771,300
Total assets	US$ in thousands	39,830,300	25,285,100	22,669,900	21,607,400	18,113,500
Debt-to-assets ratio		0.23	0.22	0.23	0.21	0.26

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $9,003,380K ÷ $39,830,300K
= 0.23

The debt-to-assets ratio of EQT Corporation has shown a decreasing trend over the period from December 31, 2020, to December 31, 2024. This ratio decreased from 0.26 in 2020 to 0.21 in 2021, then increased slightly to 0.23 in 2022, followed by a minor decrease to 0.22 in 2023, and finally rose again to 0.23 in 2024.

A decreasing debt-to-assets ratio indicates that EQT Corporation is relying less on debt to finance its assets compared to its total asset base. This may suggest improved financial stability and lower financial risk for the company. Overall, the company's ability to manage its debt in relation to its assets has shown some positive signs over the analyzed period. However, it is essential to continue monitoring this ratio to ensure the company's financial health remains strong in the future.