Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Current ratio | 0.45 | 0.69 | 1.30 | 0.84 | 0.94 | |
Quick ratio | 0.31 | 0.33 | 0.46 | 0.53 | 0.56 | |
Cash ratio | 0.02 | 0.01 | 0.00 | 0.00 | 0.02 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | EQT Corp. current ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | EQT Corp. quick ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | EQT Corp. cash ratio improved from 2019 to 2020 and from 2020 to 2021. |
Current Ratio
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Current assets | 2,286,766) | 1,215,450) | 1,754,855) | 1,969,664) | 1,163,055) | |
Current liabilities | 5,080,171) | 1,762,410) | 1,345,902) | 2,355,001) | 1,232,237) | |
Liquidity Ratio | ||||||
Current ratio1 | 0.45 | 0.69 | 1.30 | 0.84 | 0.94 | |
Benchmarks | ||||||
Current Ratio, Competitors2 | ||||||
Chevron Corp. | 1.26 | 1.18 | 1.07 | — | — | |
ConocoPhillips | 1.34 | 2.25 | 2.40 | — | — | |
Exxon Mobil Corp. | 1.04 | 0.80 | 0.78 | — | — | |
Marathon Petroleum Corp. | 1.70 | 1.81 | 1.25 | — | — | |
Occidental Petroleum Corp. | 1.23 | 1.07 | 1.25 | — | — | |
Valero Energy Corp. | 1.26 | 1.71 | 1.44 | — | — | |
Current Ratio, Sector | ||||||
Oil, Gas & Consumable Fuels | 1.23 | 1.16 | 1.08 | — | — | |
Current Ratio, Industry | ||||||
Energy | 1.23 | 1.17 | 1.09 | — | — |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,286,766 ÷ 5,080,171 = 0.45
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | EQT Corp. current ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Quick Ratio
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Cash and cash equivalents | 113,963) | 18,210) | 4,596) | 3,487) | 26,311) | |
Accounts receivable, less provision for doubtful accounts | 1,438,031) | 566,552) | 610,088) | 1,241,843) | 664,685) | |
Total quick assets | 1,551,994) | 584,762) | 614,684) | 1,245,330) | 690,996) | |
Current liabilities | 5,080,171) | 1,762,410) | 1,345,902) | 2,355,001) | 1,232,237) | |
Liquidity Ratio | ||||||
Quick ratio1 | 0.31 | 0.33 | 0.46 | 0.53 | 0.56 | |
Benchmarks | ||||||
Quick Ratio, Competitors2 | ||||||
Chevron Corp. | 0.90 | 0.77 | 0.72 | — | — | |
ConocoPhillips | 1.10 | 1.98 | 1.93 | — | — | |
Exxon Mobil Corp. | 0.69 | 0.44 | 0.47 | — | — | |
Marathon Petroleum Corp. | 1.22 | 0.39 | 0.58 | — | — | |
Occidental Petroleum Corp. | 0.84 | 0.50 | 0.63 | — | — | |
Valero Energy Corp. | 0.86 | 1.01 | 0.88 | — | — | |
Quick Ratio, Sector | ||||||
Oil, Gas & Consumable Fuels | 0.87 | 0.62 | 0.66 | — | — | |
Quick Ratio, Industry | ||||||
Energy | 0.86 | 0.63 | 0.67 | — | — |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,551,994 ÷ 5,080,171 = 0.31
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | EQT Corp. quick ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Cash Ratio
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Cash and cash equivalents | 113,963) | 18,210) | 4,596) | 3,487) | 26,311) | |
Total cash assets | 113,963) | 18,210) | 4,596) | 3,487) | 26,311) | |
Current liabilities | 5,080,171) | 1,762,410) | 1,345,902) | 2,355,001) | 1,232,237) | |
Liquidity Ratio | ||||||
Cash ratio1 | 0.02 | 0.01 | 0.00 | 0.00 | 0.02 | |
Benchmarks | ||||||
Cash Ratio, Competitors2 | ||||||
Chevron Corp. | 0.21 | 0.25 | 0.22 | — | — | |
ConocoPhillips | 0.55 | 1.46 | 1.45 | — | — | |
Exxon Mobil Corp. | 0.12 | 0.08 | 0.05 | — | — | |
Marathon Petroleum Corp. | 0.61 | 0.03 | 0.09 | — | — | |
Occidental Petroleum Corp. | 0.33 | 0.24 | 0.20 | — | — | |
Valero Energy Corp. | 0.24 | 0.36 | 0.20 | — | — | |
Cash Ratio, Sector | ||||||
Oil, Gas & Consumable Fuels | 0.27 | 0.20 | 0.18 | — | — | |
Cash Ratio, Industry | ||||||
Energy | 0.27 | 0.21 | 0.18 | — | — |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 113,963 ÷ 5,080,171 = 0.02
2 Click competitor name to see calculations.
Liquidity ratio | Description | The company |
---|---|---|
Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | EQT Corp. cash ratio improved from 2019 to 2020 and from 2020 to 2021. |