Analysis of Debt

EQT Corp., balance sheet: debt

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Current portion of debt	954,900)	154,161)	16,204)	704,390)	12,406)
Credit facility borrowings	—)	300,000)	294,000)	800,000)	1,295,000)
Term Loan Facility borrowings	—)	—)	999,353)	—)	—)
Senior notes	4,435,782)	4,371,467)	3,878,366)	3,882,932)	4,575,203)
Note payable to EQM Midstream Partners, LP	94,320)	99,838)	105,056)	110,059)	114,720)
Total debt (carrying amount)	5,485,002)	4,925,466)	5,292,979)	5,497,381)	5,997,329)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	EQT Corp. total debt decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.

	Dec 31, 2021
Selected Financial Data (US$ in thousands)
Total debt (fair value)	6,572,606)
Financial Ratio
Debt, fair value to carrying amount ratio	1.20

Weighted-average interest rate on debt: 5.50%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.00%	576,969)	17,309)
7.42%	10,327)	766)
6.63%	1,133,000)	75,061)
8.40%	854,985)	71,819)
3.13%	516,265)	16,133)
7.75%	138,504)	10,734)
3.90%	1,344,688)	52,443)
5.00%	389,428)	19,471)
7.50%	966,983)	72,524)
3.63%	523,620)	18,981)
Total	6,454,769)	355,242)
5.50%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 355,242 ÷ 6,454,769 = 5.50%

EQT Corp. (NYSE:EQT)