EQT Corporation (EQT)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	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	5,276,780	3,800,000	3,900,000	4,600,000
Total assets	US$ in thousands	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	18,809,200	20,160,400	20,479,300	20,339,700
Debt-to-assets ratio		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	0.28	0.19	0.19	0.23

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 some fluctuation over the past eight quarters. The ratio has ranged from 0.21 to 0.25 during this period, with Q2 2022 being the lowest at 0.21 and Q4 2022 the highest at 0.25. Overall, the company's debt-to-assets ratio has mostly remained within a relatively narrow range, indicating a stable financial position in terms of leverage. The ratios below 0.3 suggest that EQT Corp relies more on equity financing rather than debt to fund its operations, which may be viewed positively by investors and creditors. It is important for the company to continue monitoring and managing its debt levels to ensure financial stability and sustainable growth.