Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
EQT Corp., solvency ratios (quarterly data)
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | EQT Corp. debt to equity ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | EQT Corp. debt to capital ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | EQT Corp. debt to assets ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | EQT Corp. financial leverage ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | EQT Corp. interest coverage ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Debt to Equity
EQT Corp., debt to equity calculation (quarterly data)
| 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 portion of debt | 421,987) | 440,900) | 493,815) | 954,900) | 12,441) | 399,699) | 29,291) | 154,161) | 33,363) | 16,309) | 16,256) | 16,204) | 4,916) | 4,830) | 704,677) | 704,390) | 699,527) | 699,324) | —) | ||||||
| Credit facility borrowings | —) | 100,000) | 26,000) | —) | 704,000) | —) | 300,000) | 300,000) | 244,500) | 38,000) | —) | 294,000) | 161,000) | —) | 350,000) | 800,000) | 472,000) | 500,000) | 1,892,000) | ||||||
| Term loan facility borrowings | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 799,574) | 999,353) | 999,239) | 999,125) | —) | —) | —) | —) | —) | ||||||
| Senior notes | 4,257,359) | 4,409,727) | 4,437,572) | 4,435,782) | 5,377,439) | 4,999,502) | 4,378,270) | 4,371,467) | 4,351,917) | 4,463,548) | 4,117,256) | 3,878,366) | 3,887,907) | 3,886,249) | 3,884,591) | 3,882,932) | 7,336,570) | 7,333,587) | 5,564,826) | ||||||
| Note payable to EQM Midstream Partners, LP | 89,973) | 91,442) | 92,891) | 94,320) | 95,728) | 97,117) | 98,487) | 99,838) | 101,170) | 102,483) | 103,778) | 105,056) | 106,333) | 107,592) | 108,835) | 110,059) | —) | —) | —) | ||||||
| Total debt | 4,769,319) | 5,042,069) | 5,050,278) | 5,485,002) | 6,189,608) | 5,496,318) | 4,806,048) | 4,925,466) | 4,730,950) | 4,620,340) | 5,036,864) | 5,292,979) | 5,159,395) | 4,997,796) | 5,048,103) | 5,497,381) | 8,508,097) | 8,532,911) | 7,456,826) | ||||||
| Common shareholders’ equity | 9,618,962) | 9,061,187) | 8,188,673) | 10,029,527) | 8,248,460) | 8,291,758) | 9,219,640) | 9,255,240) | 8,845,809) | 9,438,827) | 9,633,878) | 9,803,588) | 10,897,625) | 11,248,475) | 11,139,588) | 10,958,229) | 11,000,175) | 11,679,283) | 11,716,322) | ||||||
| Solvency Ratio | |||||||||||||||||||||||||
| Debt to equity1 | 0.50 | 0.56 | 0.62 | 0.55 | 0.75 | 0.66 | 0.52 | 0.53 | 0.53 | 0.49 | 0.52 | 0.54 | 0.47 | 0.44 | 0.45 | 0.50 | 0.77 | 0.73 | 0.64 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 0.15 | 0.17 | 0.20 | 0.23 | 0.27 | 0.32 | 0.34 | 0.34 | 0.26 | 0.25 | 0.22 | 0.19 | 0.21 | 0.20 | 0.21 | — | — | — | — | ||||||
| ConocoPhillips | 0.35 | 0.34 | 0.38 | 0.44 | 0.45 | 0.45 | 0.46 | 0.51 | 0.50 | 0.48 | 0.48 | 0.43 | 0.42 | 0.45 | 0.45 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.24 | 0.26 | 0.28 | 0.28 | 0.35 | 0.38 | 0.40 | 0.43 | 0.39 | 0.39 | 0.33 | 0.24 | 0.25 | 0.24 | 0.21 | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 1.02 | 1.02 | 1.11 | 0.97 | 0.97 | 0.98 | 1.50 | 1.42 | 1.42 | 1.35 | 1.31 | 0.86 | 0.85 | 0.83 | 0.83 | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 0.73 | 0.80 | 1.06 | 1.46 | 1.68 | 1.97 | 1.97 | 1.95 | 1.94 | 1.65 | 1.23 | 1.13 | 1.32 | 0.48 | 0.49 | — | — | — | — | ||||||
| Valero Energy Corp. | 0.53 | 0.61 | 0.70 | 0.75 | 0.81 | 0.83 | 0.82 | 0.78 | 0.79 | 0.64 | 0.61 | 0.44 | 0.45 | 0.44 | 0.47 | — | — | — | — | ||||||
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
Debt to equity = Total debt ÷ Common shareholders’ equity
= 4,769,319 ÷ 9,618,962 = 0.50
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | EQT Corp. debt to equity ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Debt to Capital
EQT Corp., debt to capital calculation (quarterly data)
| 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 portion of debt | 421,987) | 440,900) | 493,815) | 954,900) | 12,441) | 399,699) | 29,291) | 154,161) | 33,363) | 16,309) | 16,256) | 16,204) | 4,916) | 4,830) | 704,677) | 704,390) | 699,527) | 699,324) | —) | ||||||
| Credit facility borrowings | —) | 100,000) | 26,000) | —) | 704,000) | —) | 300,000) | 300,000) | 244,500) | 38,000) | —) | 294,000) | 161,000) | —) | 350,000) | 800,000) | 472,000) | 500,000) | 1,892,000) | ||||||
| Term loan facility borrowings | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 799,574) | 999,353) | 999,239) | 999,125) | —) | —) | —) | —) | —) | ||||||
| Senior notes | 4,257,359) | 4,409,727) | 4,437,572) | 4,435,782) | 5,377,439) | 4,999,502) | 4,378,270) | 4,371,467) | 4,351,917) | 4,463,548) | 4,117,256) | 3,878,366) | 3,887,907) | 3,886,249) | 3,884,591) | 3,882,932) | 7,336,570) | 7,333,587) | 5,564,826) | ||||||
| Note payable to EQM Midstream Partners, LP | 89,973) | 91,442) | 92,891) | 94,320) | 95,728) | 97,117) | 98,487) | 99,838) | 101,170) | 102,483) | 103,778) | 105,056) | 106,333) | 107,592) | 108,835) | 110,059) | —) | —) | —) | ||||||
| Total debt | 4,769,319) | 5,042,069) | 5,050,278) | 5,485,002) | 6,189,608) | 5,496,318) | 4,806,048) | 4,925,466) | 4,730,950) | 4,620,340) | 5,036,864) | 5,292,979) | 5,159,395) | 4,997,796) | 5,048,103) | 5,497,381) | 8,508,097) | 8,532,911) | 7,456,826) | ||||||
| Common shareholders’ equity | 9,618,962) | 9,061,187) | 8,188,673) | 10,029,527) | 8,248,460) | 8,291,758) | 9,219,640) | 9,255,240) | 8,845,809) | 9,438,827) | 9,633,878) | 9,803,588) | 10,897,625) | 11,248,475) | 11,139,588) | 10,958,229) | 11,000,175) | 11,679,283) | 11,716,322) | ||||||
| Total capital | 14,388,281) | 14,103,256) | 13,238,951) | 15,514,529) | 14,438,068) | 13,788,076) | 14,025,688) | 14,180,706) | 13,576,759) | 14,059,167) | 14,670,742) | 15,096,567) | 16,057,020) | 16,246,271) | 16,187,691) | 16,455,610) | 19,508,272) | 20,212,194) | 19,173,148) | ||||||
| Solvency Ratio | |||||||||||||||||||||||||
| Debt to capital1 | 0.33 | 0.36 | 0.38 | 0.35 | 0.43 | 0.40 | 0.34 | 0.35 | 0.35 | 0.33 | 0.34 | 0.35 | 0.32 | 0.31 | 0.31 | 0.33 | 0.44 | 0.42 | 0.39 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 0.13 | 0.15 | 0.17 | 0.18 | 0.22 | 0.24 | 0.26 | 0.25 | 0.21 | 0.20 | 0.18 | 0.16 | 0.17 | 0.16 | 0.18 | — | — | — | — | ||||||
| ConocoPhillips | 0.26 | 0.25 | 0.28 | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.33 | 0.32 | 0.32 | 0.30 | 0.30 | 0.31 | 0.31 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.20 | 0.21 | 0.22 | 0.22 | 0.26 | 0.28 | 0.29 | 0.30 | 0.28 | 0.28 | 0.25 | 0.20 | 0.20 | 0.19 | 0.18 | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 0.50 | 0.50 | 0.53 | 0.49 | 0.49 | 0.49 | 0.60 | 0.59 | 0.59 | 0.58 | 0.57 | 0.46 | 0.46 | 0.45 | 0.45 | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 0.42 | 0.44 | 0.51 | 0.59 | 0.63 | 0.66 | 0.66 | 0.66 | 0.66 | 0.62 | 0.55 | 0.53 | 0.57 | 0.32 | 0.33 | — | — | — | — | ||||||
| Valero Energy Corp. | 0.35 | 0.38 | 0.41 | 0.43 | 0.45 | 0.45 | 0.45 | 0.44 | 0.44 | 0.39 | 0.38 | 0.31 | 0.31 | 0.31 | 0.32 | — | — | — | — | ||||||
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
Debt to capital = Total debt ÷ Total capital
= 4,769,319 ÷ 14,388,281 = 0.33
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | EQT Corp. debt to capital ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Debt to Assets
EQT Corp., debt to assets calculation (quarterly data)
| 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 portion of debt | 421,987) | 440,900) | 493,815) | 954,900) | 12,441) | 399,699) | 29,291) | 154,161) | 33,363) | 16,309) | 16,256) | 16,204) | 4,916) | 4,830) | 704,677) | 704,390) | 699,527) | 699,324) | —) | ||||||
| Credit facility borrowings | —) | 100,000) | 26,000) | —) | 704,000) | —) | 300,000) | 300,000) | 244,500) | 38,000) | —) | 294,000) | 161,000) | —) | 350,000) | 800,000) | 472,000) | 500,000) | 1,892,000) | ||||||
| Term loan facility borrowings | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 799,574) | 999,353) | 999,239) | 999,125) | —) | —) | —) | —) | —) | ||||||
| Senior notes | 4,257,359) | 4,409,727) | 4,437,572) | 4,435,782) | 5,377,439) | 4,999,502) | 4,378,270) | 4,371,467) | 4,351,917) | 4,463,548) | 4,117,256) | 3,878,366) | 3,887,907) | 3,886,249) | 3,884,591) | 3,882,932) | 7,336,570) | 7,333,587) | 5,564,826) | ||||||
| Note payable to EQM Midstream Partners, LP | 89,973) | 91,442) | 92,891) | 94,320) | 95,728) | 97,117) | 98,487) | 99,838) | 101,170) | 102,483) | 103,778) | 105,056) | 106,333) | 107,592) | 108,835) | 110,059) | —) | —) | —) | ||||||
| Total debt | 4,769,319) | 5,042,069) | 5,050,278) | 5,485,002) | 6,189,608) | 5,496,318) | 4,806,048) | 4,925,466) | 4,730,950) | 4,620,340) | 5,036,864) | 5,292,979) | 5,159,395) | 4,997,796) | 5,048,103) | 5,497,381) | 8,508,097) | 8,532,911) | 7,456,826) | ||||||
| Total assets | 22,541,137) | 22,621,664) | 21,814,611) | 21,607,388) | 23,011,720) | 18,985,257) | 18,039,404) | 18,113,469) | 17,574,735) | 18,008,868) | 18,634,517) | 18,809,227) | 20,160,449) | 20,479,347) | 20,339,685) | 20,721,344) | 28,661,329) | 28,963,228) | 27,632,346) | ||||||
| Solvency Ratio | |||||||||||||||||||||||||
| Debt to assets1 | 0.21 | 0.22 | 0.23 | 0.25 | 0.27 | 0.29 | 0.27 | 0.27 | 0.27 | 0.26 | 0.27 | 0.28 | 0.26 | 0.24 | 0.25 | 0.27 | 0.30 | 0.29 | 0.27 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 0.09 | 0.10 | 0.12 | 0.13 | 0.16 | 0.18 | 0.19 | 0.18 | 0.16 | 0.15 | 0.14 | 0.11 | 0.13 | 0.12 | 0.13 | — | — | — | — | ||||||
| ConocoPhillips | 0.18 | 0.18 | 0.20 | 0.22 | 0.23 | 0.23 | 0.24 | 0.25 | 0.24 | 0.24 | 0.23 | 0.21 | 0.21 | 0.21 | 0.21 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.12 | 0.13 | 0.13 | 0.14 | 0.17 | 0.18 | 0.19 | 0.20 | 0.19 | 0.19 | 0.17 | 0.13 | 0.13 | 0.13 | 0.11 | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 0.30 | 0.28 | 0.29 | 0.30 | 0.31 | 0.30 | 0.37 | 0.37 | 0.38 | 0.38 | 0.37 | 0.29 | 0.29 | 0.29 | 0.29 | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 0.29 | 0.30 | 0.36 | 0.39 | 0.42 | 0.45 | 0.45 | 0.45 | 0.46 | 0.43 | 0.38 | 0.35 | 0.38 | 0.23 | 0.23 | — | — | — | — | ||||||
| Valero Energy Corp. | 0.20 | 0.20 | 0.22 | 0.24 | 0.26 | 0.26 | 0.27 | 0.28 | 0.29 | 0.26 | 0.24 | 0.18 | 0.19 | 0.18 | 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).
1 Q3 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 4,769,319 ÷ 22,541,137 = 0.21
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | EQT Corp. debt to assets ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Financial Leverage
EQT Corp., financial leverage calculation (quarterly data)
| 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) | |||||||||||||||||||||||||
| Total assets | 22,541,137) | 22,621,664) | 21,814,611) | 21,607,388) | 23,011,720) | 18,985,257) | 18,039,404) | 18,113,469) | 17,574,735) | 18,008,868) | 18,634,517) | 18,809,227) | 20,160,449) | 20,479,347) | 20,339,685) | 20,721,344) | 28,661,329) | 28,963,228) | 27,632,346) | ||||||
| Common shareholders’ equity | 9,618,962) | 9,061,187) | 8,188,673) | 10,029,527) | 8,248,460) | 8,291,758) | 9,219,640) | 9,255,240) | 8,845,809) | 9,438,827) | 9,633,878) | 9,803,588) | 10,897,625) | 11,248,475) | 11,139,588) | 10,958,229) | 11,000,175) | 11,679,283) | 11,716,322) | ||||||
| Solvency Ratio | |||||||||||||||||||||||||
| Financial leverage1 | 2.34 | 2.50 | 2.66 | 2.15 | 2.79 | 2.29 | 1.96 | 1.96 | 1.99 | 1.91 | 1.93 | 1.92 | 1.85 | 1.82 | 1.83 | 1.89 | 2.61 | 2.48 | 2.36 | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 1.64 | 1.68 | 1.70 | 1.72 | 1.77 | 1.82 | 1.83 | 1.82 | 1.69 | 1.67 | 1.64 | 1.65 | 1.65 | 1.64 | 1.66 | — | — | — | — | ||||||
| ConocoPhillips | 1.93 | 1.87 | 1.90 | 2.00 | 1.98 | 1.93 | 1.94 | 2.10 | 2.05 | 2.00 | 2.08 | 2.02 | 2.00 | 2.16 | 2.18 | — | — | — | — | ||||||
| Exxon Mobil Corp. | 1.99 | 2.07 | 2.10 | 2.01 | 2.10 | 2.13 | 2.13 | 2.12 | 2.02 | 2.01 | 1.95 | 1.89 | 1.89 | 1.88 | 1.86 | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 3.41 | 3.68 | 3.79 | 3.26 | 3.16 | 3.26 | 4.01 | 3.84 | 3.74 | 3.56 | 3.58 | 2.93 | 2.91 | 2.83 | 2.84 | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 2.51 | 2.67 | 2.98 | 3.69 | 4.01 | 4.38 | 4.34 | 4.31 | 4.25 | 3.83 | 3.25 | 3.19 | 3.48 | 2.10 | 2.09 | — | — | — | — | ||||||
| Valero Energy Corp. | 2.71 | 3.07 | 3.21 | 3.14 | 3.13 | 3.14 | 3.01 | 2.75 | 2.69 | 2.47 | 2.53 | 2.47 | 2.43 | 2.44 | 2.44 | — | — | — | — | ||||||
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
Financial leverage = Total assets ÷ Common shareholders’ equity
= 22,541,137 ÷ 9,618,962 = 2.34
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | EQT Corp. financial leverage ratio decreased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Interest Coverage
EQT Corp., interest coverage calculation (quarterly data)
| 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) | |||||||||||||||||||||||||
| Net income (loss) attributable to EQT Corporation | 683,670) | 891,361) | (1,516,048) | 1,801,333) | (1,980,117) | (936,457) | (40,518) | 63,688) | (600,640) | (263,075) | (167,139) | (1,176,924) | (361,028) | 125,566) | 190,691) | (636,687) | (39,693) | 17,806) | (1,585,994) | ||||||
| Add: Net income attributable to noncontrolling interest | 3,792) | 2,863) | 1,465) | 1,221) | 601) | (62) | (514) | (10) | —) | —) | —) | —) | —) | —) | —) | (125,286) | 103,141) | 118,540) | 141,015) | ||||||
| Less: Income from discontinued operations, net of tax | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | (163,911) | 190,795) | 213,324) | 133,554) | ||||||
| Add: Income tax expense | 152,206) | 308,234) | (465,697) | 591,080) | (662,915) | (347,846) | (14,494) | (2,920) | (225,757) | (103,003) | 32,822) | (366,532) | (86,343) | 38,865) | 38,234) | (99,788) | (71,961) | (94,922) | (429,840) | ||||||
| Add: Interest expense | 60,138) | 65,985) | 67,902) | 76,469) | 80,349) | 76,986) | 75,099) | 74,286) | 69,154) | 65,386) | 62,374) | 45,066) | 47,709) | 50,503) | 56,573) | 57,747) | 56,180) | 57,120) | 57,911) | ||||||
| Earnings before interest and tax (EBIT) | 899,806) | 1,268,443) | (1,912,378) | 2,470,103) | (2,562,082) | (1,207,379) | 19,573) | 135,044) | (757,243) | (300,692) | (71,943) | (1,498,390) | (399,662) | 214,934) | 285,498) | (640,103) | (143,128) | (114,780) | (1,950,462) | ||||||
| Solvency Ratio | |||||||||||||||||||||||||
| Interest coverage1 | 10.08 | -2.53 | -10.65 | -4.14 | -11.79 | -6.12 | -3.18 | -3.67 | -10.86 | -10.30 | -8.53 | -6.99 | -2.54 | -1.28 | -2.69 | -12.44 | — | — | — | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 86.49 | 68.50 | 44.87 | 31.39 | 19.12 | 8.50 | -11.85 | -9.69 | -21.04 | -14.24 | 8.79 | 7.94 | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 33.30 | 28.10 | 22.60 | 15.38 | 9.41 | 4.77 | 1.17 | -2.90 | 0.04 | 5.13 | 8.06 | 13.24 | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 88.00 | 68.10 | 42.27 | 33.98 | -5.84 | -14.48 | -20.45 | -23.94 | 4.96 | 10.25 | 18.27 | 25.16 | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 12.90 | 9.58 | 5.07 | 3.30 | 1.15 | -2.26 | -8.10 | -10.03 | -9.54 | -7.01 | -1.05 | 1.17 | — | — | — | — | — | — | — | ||||||
| Valero Energy Corp. | 22.38 | 16.53 | 6.90 | 3.56 | 0.45 | -1.73 | 0.30 | -2.57 | 1.46 | 4.55 | 2.92 | 8.68 | — | — | — | — | — | — | — | ||||||
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
Interest coverage
= (EBITQ3 2022
+ EBITQ2 2022
+ EBITQ1 2022
+ EBITQ4 2021)
÷ (Interest expenseQ3 2022
+ Interest expenseQ2 2022
+ Interest expenseQ1 2022
+ Interest expenseQ4 2021)
= (899,806 + 1,268,443 + -1,912,378 + 2,470,103)
÷ (60,138 + 65,985 + 67,902 + 76,469)
= 10.08
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | EQT Corp. interest coverage ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |