EQT Corporation (EQT)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	5,502,680	5,256,330	4,530,100	4,771,300	5,276,780
Total assets	US$ in thousands	25,285,100	22,669,900	21,607,400	18,113,500	18,809,200
Debt-to-assets ratio		0.22	0.23	0.21	0.26	0.28

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,502,680K ÷ $25,285,100K
= 0.22

The debt-to-assets ratio of EQT Corp has shown a decreasing trend over the past five years. As of December 31, 2023, the ratio stands at 0.23, indicating that the company has reduced its reliance on debt to finance its assets. This trend suggests that EQT Corp has been successful in managing its debt levels relative to its total assets, which could lead to improved financial stability and reduced financial risk. Overall, the decreasing debt-to-assets ratio reflects a positive financial position for EQT Corp in terms of its capital structure and debt management strategy.