Halliburton Company (HAL)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,264,000 | 2,036,000 | 2,105,000 | 1,879,000 | 2,346,000 | 1,977,000 | 2,226,000 | 2,154,000 | 3,044,000 | 2,632,000 | 2,658,000 | 2,446,000 | 2,563,000 | 2,115,000 | 1,811,000 | 1,385,000 | 2,268,000 | 1,571,000 | 1,176,000 | 1,380,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,608,000 | 5,419,000 | 5,346,000 | 5,266,000 | 5,345,000 | 4,968,000 | 4,766,000 | 4,444,000 | 4,306,000 | 3,946,000 | 4,334,000 | 4,225,000 | 4,421,000 | 3,923,000 | 4,094,000 | 5,053,000 | 4,878,000 | 4,692,000 | 4,955,000 | 5,047,000 |
| Cash ratio | 0.40 | 0.38 | 0.39 | 0.36 | 0.44 | 0.40 | 0.47 | 0.48 | 0.71 | 0.67 | 0.61 | 0.58 | 0.58 | 0.54 | 0.44 | 0.27 | 0.46 | 0.33 | 0.24 | 0.27 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,264,000K
+ $—K)
÷ $5,608,000K
= 0.40
The cash ratio of Halliburton Co. has shown some fluctuations over the past eight quarters. The ratio represents the company's ability to cover its short-term obligations with its available cash and cash equivalents.
In Q4 2023, the cash ratio stood at 0.62, indicating that the company had $0.62 in cash and cash equivalents for every dollar of current liabilities, a slight increase from Q3 2023 where the ratio was 0.58. This suggests an improvement in the company's liquidity position in the most recent quarter.
Comparing Q4 2023 to the same period in the prior year (Q4 2022), the cash ratio decreased from 0.64 to 0.62, signaling a slight decrease in the company's ability to cover its short-term obligations with cash alone.
Overall, the cash ratio has displayed some variability over the past eight quarters, with some quarters showing stronger liquidity positions than others. It is important for investors and analysts to continue monitoring this ratio to assess the company's liquidity and ability to meet its short-term liabilities.
Peer comparison
Dec 31, 2023