Halliburton Company (HAL)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,618,000 | 2,178,000 | 2,138,000 | 1,891,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,050,000 | 5,460,000 | 5,576,000 | 5,379,000 | 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 |
| Cash ratio | 0.43 | 0.40 | 0.38 | 0.35 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,618,000K
+ $—K)
÷ $6,050,000K
= 0.43
The cash ratio of Halliburton Company has shown fluctuation over the past several quarters. The ratio has gradually increased from 0.27 as of March 31, 2020, to a peak of 0.71 as of December 31, 2021. However, since then, there has been some decrease in the cash ratio, reaching 0.43 as of December 31, 2024.
The cash ratio measures a company's ability to cover its short-term liabilities solely with its cash and cash equivalents. A higher cash ratio indicates that a company is in a better position to meet its short-term obligations without relying on external sources.
The overall trend of the cash ratio for Halliburton Company suggests that the company has maintained a relatively healthy level of liquidity over the period under review. However, management should continue to monitor and manage the cash position to ensure the company's ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024