EQT Corporation (EQT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	20,597,600	20,334,800	15,117,800	15,164,200	14,773,200	14,201,300	12,005,800	12,112,100	11,172,500	9,618,960	9,061,190	8,188,670	9,954,760	8,248,460	8,291,760	9,219,640	9,255,240	8,845,810	9,438,830	9,633,880
Debt-to-capital ratio		0.30	0.40	0.25	0.24	0.27	0.28	0.26	0.29	0.32	0.31	0.34	0.00	0.31	0.08	0.00	0.03	0.34	0.03	0.00	0.08

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $9,003,380K ÷ ($9,003,380K + $20,597,600K)
= 0.30

The debt-to-capital ratio of EQT Corporation has fluctuated over the analyzed period, starting at 0.08 in March 2020, reaching a low of 0.00 in June 2020 and March 2021, and then experiencing increases and decreases. Notably, the ratio spiked to 0.40 in September 2024, indicating a higher level of debt in relation to the company's total capital. Overall, EQT Corporation's debt-to-capital ratio demonstrates variability but generally has some level of debt in its capital structure, with periods of higher and lower leverage observed throughout the period analyzed.