EQT Corporation (EQT)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	14,773,200	11,172,500	9,954,760	9,255,240	9,803,590
Debt-to-equity ratio		0.37	0.47	0.46	0.52	0.54

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,502,680K ÷ $14,773,200K
= 0.37

The debt-to-equity ratio of EQT Corp has been showing a decreasing trend over the past five years, from 0.54 in 2019 to 0.39 in 2023. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and is moving towards a more equity-funded capital structure. A lower debt-to-equity ratio generally signifies lower financial risk and a stronger financial position, as it suggests that the company has more equity relative to debt in its capital structure. This trend may indicate improved financial stability and creditworthiness for EQT Corp, as the company is becoming less leveraged over time.