Halliburton Company (HAL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,382,000 | 11,543,000 | 10,952,000 | 9,943,000 | 9,475,000 |
| Total current liabilities | US$ in thousands | 6,050,000 | 5,608,000 | 5,345,000 | 4,306,000 | 4,421,000 |
| Current ratio | 2.05 | 2.06 | 2.05 | 2.31 | 2.14 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,382,000K ÷ $6,050,000K
= 2.05
Halliburton Company's current ratio has exhibited stability over the past five years, ranging from 2.05 to 2.31. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting its ability to meet its short-term financial obligations.
The current ratio of 2.31 as of December 31, 2021, reflects a stronger liquidity position compared to the industry average. This indicates that Halliburton has a comfortable cushion to cover its short-term obligations.
However, the slight decline to 2.05 in the most recent years, as of December 31, 2022, 2024 indicates a potential decrease in liquidity. It is important for the company to monitor its liquidity closely to ensure it can continue to meet its short-term financial commitments.
Overall, Halliburton's current ratio remains at a healthy level, but management should continue to assess its liquidity position, especially during economic uncertainties, to maintain financial stability.
Peer comparison
Dec 31, 2024