EQT Corporation (EQT)

Financial leverage 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
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
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
Financial leverage ratio		1.93	1.96	1.63	1.68	1.71	1.73	1.77	1.87	2.03	2.34	2.50	2.66	2.17	2.79	2.29	1.96	1.96	1.99	1.91	1.93

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $39,830,300K ÷ $20,597,600K
= 1.93

The financial leverage ratio of EQT Corporation has exhibited fluctuations over the analyzed period. The ratio started at a relatively stable level around 1.9 in the first quarter of 2020 and maintained a similar range until the second quarter of 2021. However, starting from the third quarter of 2021, the leverage ratio increased significantly, reaching a peak of 2.79 in the third quarter of 2021.

Subsequently, the ratio started to decline, showing a downward trend until the second quarter of 2024. During this period, the financial leverage ratio decreased to around 1.6, indicating a reduction in the company's reliance on debt to finance its operations.

In the final quarter of 2024, there was a slight increase in the leverage ratio to 1.93, showcasing a slight uptick in the company's debt utilization. Overall, the trend in EQT Corporation's financial leverage ratio suggests fluctuations in the company's debt levels and capital structure management over the analyzed period.