EQT Corporation (EQT)

Debt-to-assets 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
Long-term debt	US$ in thousands	9,003,380	13,393,400	4,945,400	4,897,770	5,502,680	5,501,270	4,257,640	5,058,560	5,256,330	4,347,330	4,601,170	26,000	4,530,100	704,000	0	300,000	4,771,300	244,500	38,000	799,574
Total assets	US$ in thousands	39,830,300	39,945,600	24,706,500	25,438,300	25,285,100	24,555,000	21,273,500	22,690,500	22,669,900	22,541,100	22,621,700	21,814,600	21,607,400	23,011,700	18,985,300	18,039,400	18,113,500	17,574,700	18,008,900	18,634,500
Debt-to-assets ratio		0.23	0.34	0.20	0.19	0.22	0.22	0.20	0.22	0.23	0.19	0.20	0.00	0.21	0.03	0.00	0.02	0.26	0.01	0.00	0.04

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 varied over the reporting periods provided. The ratio was relatively low in the first half of 2020, remaining at 0.00 or 0.01. However, there was a notable increase by the end of 2020, reaching 0.26. Subsequently, the ratio fluctuated between 0.00 and 0.21 through the first half of 2022, showing some inconsistency in debt management.

From mid-2022 to the end of 2024, the debt-to-assets ratio generally stayed within the range of 0.19 to 0.34. This indicates that EQT Corporation had a moderate level of leverage during this period, with the ratio peaking at 0.34 by September 30, 2024. Overall, the company's ability to manage its debt in relation to its total assets improved compared to the early fluctuations seen in 2020 and 2021, suggesting a more stable financial position in the latter reporting periods.