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EQT (EQT) Debt-to-Equity : 0.36 (As of Mar. 2024)


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What is EQT Debt-to-Equity?

EQT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $607 Mil. EQT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4,898 Mil. EQT's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $15,164 Mil. EQT's debt to equity for the quarter that ended in Mar. 2024 was 0.36.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for EQT's Debt-to-Equity or its related term are showing as below:

EQT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4   Med: 0.54   Max: 0.65
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of EQT was 0.65. The lowest was 0.40. And the median was 0.54.

EQT's Debt-to-Equity is ranked better than
52.89% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs EQT: 0.40

EQT Debt-to-Equity Historical Data

The historical data trend for EQT's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

EQT Debt-to-Equity Chart

EQT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.54 0.56 0.51 0.40

EQT Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.39 0.42 0.40 0.36

Competitive Comparison of EQT's Debt-to-Equity

For the Oil & Gas E&P subindustry, EQT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


EQT's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, EQT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where EQT's Debt-to-Equity falls into.



EQT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EQT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

EQT's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


EQT  (NYSE:EQT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


EQT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of EQT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


EQT (EQT) Business Description

Traded in Other Exchanges
Address
625 Liberty Avenue, Suite 1700, Pittsburgh, PA, USA, 15222
EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
Executives
Qem Vi, Llc 10 percent owner 800 CAPITAL STREET, SUITE 3600, HOUSTON TX 77002
Q-xcl Holdings I (vi) Investment Partners, Llc 10 percent owner 800 CAPITOL STREET, SUITE 3600, HOUSTON TX 77002
Q-th Appalachia (vi) Investment Partners, Llc 10 percent owner 800 CAPITOL STREET, SUITE 3600, HOUSTON TX 77002
Vanloh S Wil Jr 10 percent owner 1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
U.s. Bank Trust Company, National Association 10 percent owner 111 SW FIFTH AVENUE, PORTLAND OR 97204
Jeremy Knop officer: CHIEF FINANCIAL OFFICER 625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222
Todd James officer: Chief Accounting Officer 625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222
Lesley Evancho officer: Chief Human Resources Officer 625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222
William E. Jordan officer: EVP and General Counsel 400 WOODCLIFF DRIVE, CANONSBURG PA 15317
Kathryn Jean Jackson director 121 SW SALMON STREET, PORTLAND OR 97204
Frank C. Hu director 625 LIBERTY AVE., SUITE 1700, PITTSBURGH PA 15222
David M. Khani officer: Chief Financial Officer 625 LIBERTY AVE., SUITE 1700, PITTSBURGH PA 15222
Toby Z. Rice director, officer: President & CEO 400 WOODCLIFF DRIVE, CANONSBURG PA 15317
Lydia I Beebe director 13403 NORTHWEST FREEWAY, HOUSTON TX 77040
Kyle Derham officer: Interim Chf Financial Officer 625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222

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