EQT Corporation (EQT)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	9,803,590	10,897,600	11,248,500	11,139,600
Debt-to-equity ratio		0.37	0.39	0.35	0.42	0.47	0.45	0.51	0.00	0.46	0.09	0.00	0.03	0.52	0.03	0.00	0.08	0.54	0.35	0.35	0.41

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 fluctuating over the past eight quarters. The ratio decreased from 0.62 in Q1 2022 to 0.39 in Q4 2023, reflecting a reduction in the company's reliance on debt compared to its equity. This trend suggests that EQT Corp has been effectively managing its debt levels and potentially strengthening its financial position. However, there was a slight increase in the ratio from Q2 2023 to Q4 2023, indicating a potential uptick in debt relative to equity. Overall, the company's debt-to-equity ratio remains within a reasonable range, indicating a balanced capital structure.