Stock Analysis on Net

EQT Corp. (NYSE:EQT)

This company has been moved to the archive! The financial data has not been updated since October 27, 2022.

Analysis of Liquidity Ratios 
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

EQT Corp., liquidity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Current ratio 0.59 0.57 0.40 0.45 0.46 0.59 0.75 0.69 0.73 0.99 1.32 1.30 1.03 1.04 0.63 0.84 0.47 0.76 1.07
Quick ratio 0.31 0.29 0.16 0.31 0.16 0.27 0.41 0.33 0.24 0.22 0.31 0.46 0.39 0.44 0.39 0.53 0.34 0.63 0.80
Cash ratio 0.01 0.01 0.00 0.02 0.00 0.09 0.02 0.01 0.01 0.00 0.01 0.00 0.01 0.02 0.02 0.00 0.00 0.30 0.19

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. EQT Corp. current ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. EQT Corp. quick ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. EQT Corp. cash ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Current Ratio

EQT Corp., current ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Current assets 3,902,467 4,085,629 3,025,930 2,286,766 3,340,899 2,168,655 1,313,705 1,215,450 1,342,154 1,541,795 1,948,043 1,754,855 1,495,220 1,598,091 1,380,041 1,969,664 1,234,658 1,780,812 1,191,581
Current liabilities 6,637,902 7,189,747 7,605,287 5,080,171 7,228,353 3,679,201 1,750,027 1,762,410 1,839,517 1,560,586 1,473,232 1,345,902 1,449,710 1,533,288 2,185,490 2,355,001 2,646,076 2,356,243 1,108,676
Liquidity Ratio
Current ratio1 0.59 0.57 0.40 0.45 0.46 0.59 0.75 0.69 0.73 0.99 1.32 1.30 1.03 1.04 0.63 0.84 0.47 0.76 1.07
Benchmarks
Current Ratio, Competitors2
Chevron Corp. 1.40 1.31 1.43 1.26 1.28 1.17 1.11 1.18 1.26 1.14 1.01 1.07 1.12 1.15 1.12
ConocoPhillips 1.46 1.54 1.51 1.34 1.93 2.11 2.03 2.25 2.38 2.69 2.16 2.40 2.56 1.76 1.86
Exxon Mobil Corp. 1.34 1.16 1.07 1.04 0.90 0.85 0.80 0.80 0.86 0.93 0.78 0.78 0.78 0.74 0.77
Marathon Petroleum Corp. 1.66 1.49 1.45 1.70 2.02 1.98 1.89 1.81 1.84 1.27 1.16 1.25 1.25 1.24 1.20
Occidental Petroleum Corp. 1.10 1.07 1.16 1.23 1.08 1.34 1.17 1.07 1.02 0.85 1.18 1.25 1.33 1.20 1.23
Valero Energy Corp. 1.32 1.25 1.18 1.26 1.31 1.36 1.43 1.71 1.90 1.75 1.31 1.44 1.40 1.42 1.43

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,902,467 ÷ 6,637,902 = 0.59

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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Quick Ratio

EQT Corp., quick ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 87,541 43,745 16,913 113,963 22,792 330,770 40,670 18,210 13,668 2,968 18,651 4,596 7,542 30,170 40,846 3,487 4,855 698,032 210,382
Accounts receivable, less provision for doubtful accounts 1,938,717 2,058,953 1,212,596 1,438,031 1,132,364 651,568 682,496 566,552 428,439 341,461 441,137 610,088 552,260 639,020 817,535 1,241,843 882,386 774,702 674,104
Total quick assets 2,026,258 2,102,698 1,229,509 1,551,994 1,155,156 982,338 723,166 584,762 442,107 344,429 459,788 614,684 559,802 669,190 858,381 1,245,330 887,241 1,472,734 884,486
 
Current liabilities 6,637,902 7,189,747 7,605,287 5,080,171 7,228,353 3,679,201 1,750,027 1,762,410 1,839,517 1,560,586 1,473,232 1,345,902 1,449,710 1,533,288 2,185,490 2,355,001 2,646,076 2,356,243 1,108,676
Liquidity Ratio
Quick ratio1 0.31 0.29 0.16 0.31 0.16 0.27 0.41 0.33 0.24 0.22 0.31 0.46 0.39 0.44 0.39 0.53 0.34 0.63 0.80
Benchmarks
Quick Ratio, Competitors2
Chevron Corp. 1.03 1.00 1.12 0.90 0.90 0.83 0.77 0.77 0.84 0.74 0.66 0.72 0.82 0.80 0.79
ConocoPhillips 1.27 1.34 1.29 1.10 1.66 1.86 1.81 1.98 2.04 2.29 1.72 1.93 2.30 1.35 1.65
Exxon Mobil Corp. 0.98 0.84 0.74 0.69 0.55 0.51 0.47 0.44 0.51 0.55 0.50 0.47 0.48 0.45 0.48
Marathon Petroleum Corp. 1.15 1.08 1.05 1.22 1.35 1.39 0.50 0.39 0.39 0.47 0.54 0.58 0.59 0.59 0.51
Occidental Petroleum Corp. 0.67 0.79 0.84 0.84 0.61 0.82 0.62 0.50 0.38 0.34 0.37 0.63 0.68 0.89 0.94
Valero Energy Corp. 0.90 0.90 0.79 0.86 0.85 0.89 0.92 1.01 1.19 0.89 0.79 0.87 0.84 0.88 0.86

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 2,026,258 ÷ 6,637,902 = 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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Cash Ratio

EQT Corp., cash ratio calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 87,541 43,745 16,913 113,963 22,792 330,770 40,670 18,210 13,668 2,968 18,651 4,596 7,542 30,170 40,846 3,487 4,855 698,032 210,382
Total cash assets 87,541 43,745 16,913 113,963 22,792 330,770 40,670 18,210 13,668 2,968 18,651 4,596 7,542 30,170 40,846 3,487 4,855 698,032 210,382
 
Current liabilities 6,637,902 7,189,747 7,605,287 5,080,171 7,228,353 3,679,201 1,750,027 1,762,410 1,839,517 1,560,586 1,473,232 1,345,902 1,449,710 1,533,288 2,185,490 2,355,001 2,646,076 2,356,243 1,108,676
Liquidity Ratio
Cash ratio1 0.01 0.01 0.00 0.02 0.00 0.09 0.02 0.01 0.01 0.00 0.01 0.00 0.01 0.02 0.02 0.00 0.00 0.30 0.19
Benchmarks
Cash Ratio, Competitors2
Chevron Corp. 0.42 0.32 0.38 0.21 0.24 0.27 0.26 0.25 0.35 0.33 0.30 0.22 0.39 0.30 0.29
ConocoPhillips 0.74 0.67 0.61 0.55 1.14 1.31 1.18 1.46 1.58 1.92 1.35 1.45 1.69 0.95 1.12
Exxon Mobil Corp. 0.41 0.24 0.15 0.12 0.08 0.06 0.06 0.08 0.16 0.22 0.18 0.05 0.08 0.06 0.07
Marathon Petroleum Corp. 0.52 0.47 0.42 0.61 0.78 0.88 0.04 0.03 0.04 0.09 0.12 0.09 0.10 0.08 0.06
Occidental Petroleum Corp. 0.16 0.14 0.22 0.33 0.23 0.48 0.26 0.24 0.18 0.10 0.17 0.20 0.31 0.22 0.23
Valero Energy Corp. 0.23 0.25 0.13 0.24 0.24 0.25 0.18 0.36 0.50 0.32 0.17 0.20 0.18 0.16 0.22

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 87,541 ÷ 6,637,902 = 0.01

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 Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.