Stock Analysis on Net
Stock Analysis on Net

EQT Corp. (NYSE:EQT)

$22.49

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

Common-Size Balance Sheet: Assets

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EQT Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents
Accounts receivable, less provision for doubtful accounts
Derivative instruments, at fair value
Income tax receivable
Margin requirements with counterparties
Prepaid expenses and other current assets
Prepaid expenses and other
Current assets of discontinued operations
Current assets
Net property, plant and equipment
Contract asset
Intangible assets, net
Goodwill
Other assets
Noncurrent assets of discontinued operations
Noncurrent assets
Total assets

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).

Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets remained very low from 2017 to 2019, fluctuating between 0.02% and 0.09%. A notable increase occurred in 2020, reaching 0.1%, followed by a substantial rise in 2021 to 0.53%, indicating improved liquidity in the most recent year.
Accounts Receivable, Net
The proportion of accounts receivable relative to total assets exhibited significant variability. It increased markedly from 2.25% in 2017 to 5.99% in 2018, decreased to 3.24% in 2019, remained stable in 2020 at 3.13%, and then sharply rose again to 6.66% in 2021. This suggests fluctuations in credit sales or collection efficiency over the period.
Derivative Instruments, at Fair Value
The share of derivative instruments increased consistently from 0.82% in 2017 to a peak of 4.32% in 2019. Thereafter, it declined in 2020 and 2021 to 2.91% and 2.51%, respectively, pointing to reduced derivative positions or adjustments in risk management strategies in recent years.
Income Tax Receivable
Income tax receivable grew significantly from 0.05% in 2017 to 1.59% in 2019, with no reported data for 2020 and 2021. This growth may reflect timing differences or recoverable tax assets accrued during the initial years.
Margin Requirements with Counterparties
Margin requirements are reported only from 2019 onwards, starting at 0.07% in 2019 and increasing steadily to 0.68% in 2021, indicating growing collateral requirements associated with derivative contracts or trading activities.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets showed moderate variability. The percentage increased from 0.2% in 2017 to 0.54% in 2018, dropped to 0.09% in 2019, and then rose again to 0.2% in 2021. When considering the broader category "Prepaid expenses and other," the proportion increased steadily from 0.2% in 2017 to 0.89% in 2021, suggesting changes in prepaid items or accrued assets.
Current Assets of Discontinued Operations
Current assets of discontinued operations were recorded only in 2017 at 0.53% of total assets, with no further data in subsequent years, implying the disposal or reclassification of such operations.
Current Assets
Current assets as a proportion of total assets increased substantially from 3.94% in 2017 to 9.51% in 2018, remained relatively stable around 9% in 2019, decreased to 6.71% in 2020, and surged to 10.58% in 2021. This pattern reflects changes in short-term asset management or shifts in working capital components.
Net Property, Plant, and Equipment
Net property, plant, and equipment (PP&E) dominated total assets, increasing markedly from 66.83% in 2017 to a peak of 88.63% in 2020 before moderating slightly to 85.24% in 2021. This signifies significant investment in fixed assets over the period,with a slight divestment or revaluation in the latest year.
Contract Asset
The contract asset was absent from the data until 2020, when it accounted for 2.26% of total assets, declining to 1.9% in 2021. This suggests the recognition of right-to-invoice or work-in-progress revenue starting in 2020, followed by a reduction.
Intangible Assets, Net
Intangible assets represented a small and declining fraction of total assets, falling from 0.4% in 2017 to 0.14% in 2019, with no data reported thereafter, indicating possible amortization or disposal of intangible assets.
Goodwill
Goodwill was reported only in 2017 at 1.59% of total assets and was not present in subsequent years, suggesting impairment or reclassification events.
Other Assets
Other assets as a proportion of total assets rose sharply from 0.85% in 2017 to 6.19% in 2018, decreased to 4.64% in 2019, and continued declining to 2.28% by 2021. This pattern may reflect disposal or reclassification of miscellaneous noncurrent assets over time.
Noncurrent Assets of Discontinued Operations
Noncurrent assets of discontinued operations accounted for a substantial 26.38% of total assets in 2017, with no data in later years, indicating disposal or reclassification of these assets.
Noncurrent Assets
Noncurrent assets consistently represented the majority of total assets, ranging from 89.42% in 2021 to 96.06% in 2017, reflecting a stable asset structure focused on long-term investments.
Total Assets
Total assets were normalized to 100% across all periods, ensuring comparability of component percentages over time.