Halliburton Company (HAL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 11,543,000 | 11,600,000 | 11,443,000 | 11,245,000 | 10,952,000 | 10,411,000 | 10,262,000 | 9,717,000 | 9,943,000 | 9,431,000 | 9,927,000 | 9,520,000 | 9,475,000 | 9,023,000 | 9,099,000 | 10,655,000 | 11,212,000 | 11,220,000 | 11,220,000 | 11,188,000 |
| 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 |
| Current ratio | 2.06 | 2.14 | 2.14 | 2.14 | 2.05 | 2.10 | 2.15 | 2.19 | 2.31 | 2.39 | 2.29 | 2.25 | 2.14 | 2.30 | 2.22 | 2.11 | 2.30 | 2.39 | 2.26 | 2.22 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $11,543,000K ÷ $5,608,000K
= 2.06
Halliburton Co.'s current ratio has been relatively stable over the past eight quarters, ranging from 2.05 to 2.19. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of liquidity.
The current ratio for Halliburton Co. has consistently been above 2, indicating a strong ability to meet its short-term obligations. This suggests that the company is well-positioned to cover its current liabilities with its current assets. However, it is essential to consider other factors and ratios in conjunction with the current ratio to have a more comprehensive understanding of the company's financial health.
Overall, Halliburton Co.'s current ratio reflects a healthy liquidity position, providing some assurance to creditors, investors, and other stakeholders about the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023