Halliburton Company (HAL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,382,000 | 12,043,000 | 11,878,000 | 11,423,000 | 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 |
| 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 |
| Current ratio | 2.05 | 2.21 | 2.13 | 2.12 | 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 |
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 remained relatively stable over the past few years, fluctuating between 2.05 and 2.39. The current ratio measures the company's ability to meet its short-term obligations using 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.
From the data provided, we can observe that Halliburton's current ratio peaked at 2.39 on September 30, 2021, indicating strong short-term liquidity at that time. However, the ratio dipped to 2.05 on December 31, 2024, which might suggest a slight decrease in the company's ability to cover its short-term obligations with its current assets.
Overall, Halliburton's current ratio hovering around 2.11 to 2.31 demonstrates a healthy liquidity position, as the company has consistently maintained a current ratio above 1. This indicates that Halliburton has sufficient current assets to cover its current liabilities, enhancing its ability to meet short-term financial obligations.
Peer comparison
Dec 31, 2024