EQT Corporation (EQT)

Financial leverage 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
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
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
Financial leverage ratio		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	1.92	1.85	1.82	1.83

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $25,285,100K ÷ $14,773,200K
= 1.71

EQT Corp's financial leverage ratio has exhibited a declining trend from Q4 2022 to Q3 2023, indicating an improvement in the company's leverage position. The ratio decreased from 2.03 in Q4 2022 to 1.71 in Q4 2023, demonstrating a reduction in the company's reliance on debt to finance its operations.

However, there was a slight uptick in the financial leverage ratio from Q1 2023 (1.87) to Q3 2023 (1.73), suggesting a temporary increase in leverage during that period. Despite this small fluctuation, the overall downward trend in the ratio indicates that EQT Corp has been effectively managing its debt levels and working towards a more optimal capital structure.

It is important for investors and stakeholders to monitor EQT Corp's financial leverage ratio over time to assess its risk exposure and financial stability. A lower financial leverage ratio generally indicates lower financial risk and greater financial flexibility for the company.