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: 0.44 Med: 0.73 Max: 4.52
Current: 0.56
During the past 13 years, the highest Debt-to-Equity Ratio of EQT was 4.52. The lowest was 0.44. And the median was 0.73.
EQT's Debt-to-Equity is ranked worse than 54.25% of 824
companies
in the Oil & Gas industry
Industry Median: 0.48
vs EQT: 0.56
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 Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.45
0.50
0.54
0.54
0.55
EQT Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.66
0.75
0.55
0.62
0.56
Competitive Comparison
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 Debt-to-Equity Distribution
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. 2021 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.
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 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.
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