Halliburton Company (HAL)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 11,543,000 10,952,000 9,943,000 9,475,000 11,212,000
Total current liabilities US$ in thousands 5,608,000 5,345,000 4,306,000 4,421,000 4,878,000
Current ratio 2.06 2.05 2.31 2.14 2.30

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $11,543,000K ÷ $5,608,000K
= 2.06

The current ratio of Halliburton Co. has been relatively stable over the past five years, ranging from 2.05 to 2.31. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger ability to meet short-term obligations.

In 2023, the current ratio was 2.06, slightly higher than the previous year's ratio of 2.05. This indicates that Halliburton Co. had $2.06 in current assets for every $1 in current liabilities at the end of 2023.

Overall, Halliburton Co. has maintained a healthy current ratio above 2, suggesting that the company has a sufficient level of current assets to cover its short-term liabilities. Investors and creditors typically view a current ratio of 2 or higher as favorable, indicating that the company is well-positioned to meet its short-term financial obligations.


Peer comparison

Dec 31, 2023


See also:

Halliburton Company Current Ratio