Current Ratio
since 2005
Calculation
EQT Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.45 | = | 2,286,766) | ÷ | 5,080,171) |
| Dec 31, 2020 | 0.69 | = | 1,215,450) | ÷ | 1,762,410) |
| Dec 31, 2019 | 1.30 | = | 1,754,855) | ÷ | 1,345,902) |
| Dec 31, 2018 | 0.84 | = | 1,969,664) | ÷ | 2,355,001) |
| Dec 31, 2017 | 0.94 | = | 1,163,055) | ÷ | 1,232,237) |
| Dec 31, 2016 | 2.27 | = | 1,828,219) | ÷ | 804,640) |
| Dec 31, 2015 | 2.83 | = | 2,251,019) | ÷ | 795,819) |
| Dec 31, 2014 | 2.28 | = | 1,904,323) | ÷ | 833,479) |
| Dec 31, 2013 | 2.40 | = | 1,255,425) | ÷ | 523,410) |
| Dec 31, 2012 | 1.49 | = | 852,845) | ÷ | 570,465) |
| Dec 31, 2011 | 2.10 | = | 1,690,134) | ÷ | 804,910) |
| Dec 31, 2010 | 1.39 | = | 827,940) | ÷ | 596,984) |
| Dec 31, 2009 | 1.13 | = | 695,166) | ÷ | 612,674) |
| Dec 31, 2008 | 0.89 | = | 927,182) | ÷ | 1,042,608) |
| Dec 31, 2007 | 0.49 | = | 742,247) | ÷ | 1,519,308) |
| Dec 31, 2006 | 0.65 | = | 701,450) | ÷ | 1,079,779) |
| Dec 31, 2005 | 0.52 | = | 1,097,223) | ÷ | 2,092,496) |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The liquidity profile of EQT Corp. from 2005 to 2021 is characterized by three distinct phases: an initial period of liquidity deficiency, a prolonged era of significant expansion and strength, and a final phase of rapid deterioration.
- Initial Liquidity Constraints (2005–2008)
- During this period, the current ratio remained consistently below 1.0, with the exception of a peak of 0.89 in 2008. The lowest point occurred in 2007 at 0.49, indicating that short-term obligations significantly exceeded available liquid assets, signaling a constrained liquidity position.
- Liquidity Expansion and Peak (2009–2016)
- A strong upward trend is observed starting in 2009, as the current ratio rose above 1.0 and peaked at 2.83 in 2015. This improvement was driven by a substantial increase in current assets, which grew from $695 million in 2009 to a high of $2.25 billion in 2015. During this interval, current liabilities were managed more conservatively, remaining largely between $500 million and $833 million, thereby strengthening the company's ability to meet short-term obligations.
- Recent Volatility and Liquidity Contraction (2017–2021)
- A significant downturn in the liquidity ratio began in 2017, with the ratio falling to 0.94 and further to 0.84 in 2018. While a brief recovery to 1.30 occurred in 2019, the period ended with a sharp decline. By December 31, 2021, the current ratio dropped to 0.45, the lowest level in the analyzed history. This collapse was primarily driven by a massive surge in current liabilities, which escalated to $5.08 billion in 2021, vastly outpacing the growth of current assets, which stood at $2.29 billion for the same period.
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Comparison to Competitors
EQT Corp., current ratio, long-term trends, comparison to competitors
| EQT Corp. | Chevron Corp. | ConocoPhillips | ExxonMobil Holdings Corp. | |
|---|---|---|---|---|
| Dec 31, 2021 | 0.45 | 1.26 | 1.34 | 1.04 |
| Dec 31, 2020 | 0.69 | 1.18 | 2.25 | 0.80 |
| Dec 31, 2019 | 1.30 | 1.07 | 2.40 | 0.78 |
| Dec 31, 2018 | 0.84 | 1.25 | 1.79 | 0.84 |
| Dec 31, 2017 | 0.94 | 1.03 | 1.76 | 0.82 |
| Dec 31, 2016 | 2.27 | 0.93 | 1.25 | 0.87 |
| Dec 31, 2015 | 2.83 | 1.34 | 0.95 | 0.79 |
| Dec 31, 2014 | 2.28 | 1.32 | 1.31 | 0.82 |
| Dec 31, 2013 | 2.40 | 1.52 | 1.26 | 0.83 |
| Dec 31, 2012 | 1.49 | 1.63 | 1.38 | 1.01 |
| Dec 31, 2011 | 2.10 | 1.58 | 1.08 | 0.94 |
| Dec 31, 2010 | 1.39 | 1.68 | 1.26 | 0.94 |
| Dec 31, 2009 | 1.13 | 1.42 | 0.89 | 1.06 |
| Dec 31, 2008 | 0.89 | 1.14 | 0.96 | 1.47 |
| Dec 31, 2007 | 0.49 | 1.17 | 0.92 | 1.47 |
| Dec 31, 2006 | 0.65 | 1.28 | 0.95 | 1.55 |
| Dec 31, 2005 | 0.52 | 1.37 | 0.92 | 1.58 |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
EQT Corp., current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)
| EQT Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2021 | 0.45 | 1.14 |
| Dec 31, 2020 | 0.69 | 0.99 |
| Dec 31, 2019 | 1.30 | 0.98 |
| Dec 31, 2018 | 0.84 | 1.04 |
| Dec 31, 2017 | 0.94 | 0.97 |
| Dec 31, 2016 | 2.27 | 0.92 |
| Dec 31, 2015 | 2.83 | 0.97 |
| Dec 31, 2014 | 2.28 | 1.02 |
| Dec 31, 2013 | 2.40 | 1.07 |
| Dec 31, 2012 | 1.49 | 1.25 |
| Dec 31, 2011 | 2.10 | 1.12 |
| Dec 31, 2010 | 1.39 | 1.20 |
| Dec 31, 2009 | 1.13 | 1.11 |
| Dec 31, 2008 | 0.89 | 1.26 |
| Dec 31, 2007 | 0.49 | 1.26 |
| Dec 31, 2006 | 0.65 | 1.32 |
| Dec 31, 2005 | 0.52 | 1.37 |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
EQT Corp., current ratio, long-term trends, comparison to industry (energy)
| EQT Corp. | Energy | |
|---|---|---|
| Dec 31, 2021 | 0.45 | 1.15 |
| Dec 31, 2020 | 0.69 | 1.02 |
| Dec 31, 2019 | 1.30 | 1.00 |
| Dec 31, 2018 | 0.84 | 1.06 |
| Dec 31, 2017 | 0.94 | 1.00 |
| Dec 31, 2016 | 2.27 | 1.02 |
| Dec 31, 2015 | 2.83 | 1.09 |
| Dec 31, 2014 | 2.28 | 1.10 |
| Dec 31, 2013 | 2.40 | 1.16 |
| Dec 31, 2012 | 1.49 | 1.31 |
| Dec 31, 2011 | 2.10 | 1.18 |
| Dec 31, 2010 | 1.39 | 1.24 |
| Dec 31, 2009 | 1.13 | 1.17 |
| Dec 31, 2008 | 0.89 | 1.28 |
| Dec 31, 2007 | 0.49 | 1.27 |
| Dec 31, 2006 | 0.65 | 1.33 |
| Dec 31, 2005 | 0.52 | 1.38 |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).