EQT Accounts Payable vs Cash Analysis

EQT Stock  USD 45.92  0.97  2.07%   
EQT financial indicator trend analysis is much more than just examining EQT Corporation latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EQT Corporation is a good investment. Please check the relationship between EQT Accounts Payable and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EQT Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Accounts Payable vs Cash

Accounts Payable vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EQT Corporation Accounts Payable account and Cash. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between EQT's Accounts Payable and Cash is -0.2. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Cash in the same time period over historical financial statements of EQT Corporation, assuming nothing else is changed. The correlation between historical values of EQT's Accounts Payable and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of EQT Corporation are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Accounts Payable i.e., EQT's Accounts Payable and Cash go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Accounts Payable

An accounting item on the balance sheet that represents EQT obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of EQT Corporation are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Cash

Cash refers to the most liquid asset of EQT Corporation, which is listed under current asset account on EQT Corporation balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from EQT customers. The amounts must be unrestricted with restricted cash listed in a different EQT account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Most indicators from EQT's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EQT Corporation current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EQT Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.
At this time, EQT's Discontinued Operations is comparatively stable compared to the past year. Tax Provision is likely to gain to about 815.8 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 12.58 in 2024.
 2021 2022 2023 2024 (projected)
Cost Of Revenue3.8B4.1B4.1B4.4B
EBITDA396.9M4.3B4.1B4.3B

EQT fundamental ratios Correlations

0.980.390.530.971.00.930.22-0.211.00.14-0.20.740.740.970.710.520.280.960.40.330.790.920.91-0.280.5
0.980.420.570.950.970.960.19-0.270.980.16-0.270.770.710.980.70.490.220.970.40.330.790.920.85-0.210.51
0.390.420.950.350.360.39-0.61-0.060.350.09-0.060.730.530.270.370.530.120.580.540.820.670.530.23-0.12-0.07
0.530.570.950.50.50.53-0.42-0.080.490.02-0.090.860.630.430.50.560.150.710.660.860.790.650.36-0.15-0.01
0.970.950.350.50.980.940.12-0.340.970.22-0.340.760.850.940.820.630.270.930.320.310.850.960.96-0.260.38
1.00.970.360.50.980.930.2-0.261.00.18-0.250.710.760.970.730.540.30.940.340.310.790.930.94-0.290.47
0.930.960.390.530.940.930.1-0.520.950.29-0.520.750.70.920.70.470.240.920.20.30.760.920.84-0.230.52
0.220.19-0.61-0.420.120.20.10.240.23-0.130.24-0.21-0.290.32-0.21-0.43-0.020.050.03-0.38-0.23-0.110.130.020.47
-0.21-0.27-0.06-0.08-0.34-0.26-0.520.24-0.28-0.590.99-0.21-0.23-0.2-0.27-0.09-0.16-0.190.58-0.04-0.2-0.4-0.320.15-0.22
1.00.980.350.490.971.00.950.23-0.280.2-0.270.70.710.970.690.490.30.940.310.290.760.920.91-0.290.55
0.140.160.090.020.220.180.29-0.13-0.590.2-0.540.060.140.12-0.020.24-0.120.11-0.440.060.070.220.240.130.2
-0.2-0.27-0.06-0.09-0.34-0.25-0.520.240.99-0.27-0.54-0.23-0.24-0.2-0.29-0.11-0.14-0.20.56-0.04-0.22-0.4-0.310.14-0.23
0.740.770.730.860.760.710.75-0.21-0.210.70.06-0.230.80.670.710.570.260.860.620.690.940.840.6-0.260.12
0.740.710.530.630.850.760.7-0.29-0.230.710.14-0.240.80.680.920.870.230.80.460.450.950.890.83-0.22-0.07
0.970.980.270.430.940.970.920.32-0.20.970.12-0.20.670.680.690.460.210.940.380.190.730.870.86-0.20.48
0.710.70.370.50.820.730.7-0.21-0.270.69-0.02-0.290.710.920.690.740.220.750.390.330.840.850.8-0.21-0.06
0.520.490.530.560.630.540.47-0.43-0.090.490.24-0.110.570.870.460.74-0.120.610.40.420.770.670.660.13-0.18
0.280.220.120.150.270.30.24-0.02-0.160.3-0.12-0.140.260.230.210.22-0.120.220.00.050.260.380.27-1.00.1
0.960.970.580.710.930.940.920.05-0.190.940.11-0.20.860.80.940.750.610.220.530.490.890.930.83-0.210.35
0.40.40.540.660.320.340.20.030.580.31-0.440.560.620.460.380.390.40.00.530.520.580.340.20.0-0.14
0.330.330.820.860.310.310.3-0.38-0.040.290.06-0.040.690.450.190.330.420.050.490.520.60.420.23-0.05-0.19
0.790.790.670.790.850.790.76-0.23-0.20.760.07-0.220.940.950.730.840.770.260.890.580.60.910.77-0.250.04
0.920.920.530.650.960.930.92-0.11-0.40.920.22-0.40.840.890.870.850.670.380.930.340.420.910.9-0.370.3
0.910.850.230.360.960.940.840.13-0.320.910.24-0.310.60.830.860.80.660.270.830.20.230.770.9-0.260.31
-0.28-0.21-0.12-0.15-0.26-0.29-0.230.020.15-0.290.130.14-0.26-0.22-0.2-0.210.13-1.0-0.210.0-0.05-0.25-0.37-0.26-0.09
0.50.51-0.07-0.010.380.470.520.47-0.220.550.2-0.230.12-0.070.48-0.06-0.180.10.35-0.14-0.190.040.30.31-0.09
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EQT Account Relationship Matchups

EQT fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets18.8B18.1B21.6B22.7B25.3B26.5B
Short Long Term Debt Total5.3B5.0B5.5B5.7B5.8B6.1B
Other Current Liab312.7M809.3M2.7B1.6B363.1M401.7M
Total Current Liabilities1.3B1.8B5.1B3.7B2.0B1.1B
Total Stockholder Equity9.8B9.3B10.0B11.2B14.8B15.5B
Property Plant And Equipment Net16.2B16.1B18.4B18.2B23.0B24.1B
Net Debt5.3B4.9B5.4B4.3B5.8B6.0B
Retained Earnings2.0B1.0B(115.8M)1.3B2.7B1.4B
Cash4.6M18.2M114.0M1.5B81.0M76.9M
Non Current Assets Total17.1B16.9B19.3B18.7B23.3B24.4B
Non Currrent Assets Other(1.3B)640.4M(36.9M)(954.3M)273.2M286.8M
Cash And Short Term Investments4.6M18.2M114.0M1.5B81.0M76.9M
Net Receivables908.9M566.6M1.4B1.6B915.1M960.9M
Common Stock Shares Outstanding255.1M260.6M323.2M406.5M413.2M433.9M
Liabilities And Stockholders Equity18.8B18.1B21.6B22.7B25.3B26.5B
Non Current Liabilities Total7.7B7.1B6.5B7.7B8.5B8.9B
Inventory812.7M527.1M543.3M812.4M978.6M1.0B
Other Current Assets28.7M630.7M734.8M982.4M1.0B1.1B
Other Stockholder Equity(32.5M)(29.3M)56.7M(3.0M)(1.0)(1.05)
Total Liab9.0B8.9B11.6B11.5B10.5B11.0B
Total Current Assets1.8B1.2B2.3B4.0B2.0B1.0B
Short Term Debt45.2M179.2M1.1B458.1M338.8M245.5M
Accounts Payable796.4M705.5M1.3B1.6B1.3B1.3B
Common Stock Total Equity7.8B8.2B10.2B9.9B11.4B11.9B
Property Plant And Equipment Gross16.2B16.1B18.4B18.2B33.7B35.4B
Accumulated Other Comprehensive Income(5.2M)(5.4M)(4.6M)(3.0M)(2.7M)(2.8M)
Common Stock7.8B8.2B10.2B9.9B12.1B11.5B
Other Liab2.4B2.3B1.9B2.5B2.8B3.0B
Other Assets144.7M618.8M465.6M459.0M527.8M584.7M
Long Term Debt5.3B4.7B4.4B5.2B5.5B2.9B
Treasury Stock(49.2M)(32.5M)(29.3M)(18.0M)(20.8M)(21.8M)
Property Plant Equipment16.2B16.1B18.4B18.2B20.9B21.9B
Current Deferred Revenue191.5M226.4M287M171.4M197.1M194.7M
Retained Earnings Total Equity2.0B1.0B(115.8M)1.3B1.5B2.1B

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Additional Tools for EQT Stock Analysis

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