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