EQT (FRA:EQ6) LT-Debt-to-Total-Asset : 0.34 (As of Sep. 2024)

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What is EQT LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. EQT's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.34.

EQT's long-term debt to total assets ratio increased from Sep. 2023 (0.22) to Sep. 2024 (0.34). It may suggest that EQT is progressively becoming more dependent on debt to grow their business.

EQT LT-Debt-to-Total-Asset Historical Data

The historical data trend for EQT's LT-Debt-to-Total-Asset 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.

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EQT LT-Debt-to-Total-Asset Chart

EQT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.26

0.21

0.23

0.22

EQT Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.22	0.19	0.20	0.34

EQT LT-Debt-to-Total-Asset Calculation

EQT's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	5045.958	/	23186.435
	=	0.22

EQT's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	12067.452	/	35990.976
	=	0.34

EQT (FRA:EQ6) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

EQT LT-Debt-to-Total-Asset Related Terms

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EQT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EQT Corp (FRA:EQ6) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

EQT:USA EQT:Mexico 0IDU:UK EQ6:Germany

Address

625 Liberty Avenue, Suite 1700, Pittsburgh, PA, USA, 15222

Website

https://www.eqt.com

EQT Corp is an independent natural gas production company with operations focused in the Marcellus and Utica shale plays in the Appalachian Basin. At year-end 2023, EQT's proven reserves totaled 27.6 trillion cubic feet equivalent, with net production of 5.79 billion cubic feet equivalent per day. Natural gas accounted for 94% of production.

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