Halliburton Company (HAL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,618,000 | 2,264,000 | 2,346,000 | 3,044,000 | 2,563,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 5,117,000 | 4,860,000 | 4,627,000 | 3,666,000 | 3,071,000 |
| Total current liabilities | US$ in thousands | 6,050,000 | 5,608,000 | 5,345,000 | 4,306,000 | 4,421,000 |
| Quick ratio | 1.28 | 1.27 | 1.30 | 1.56 | 1.27 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,618,000K
+ $—K
+ $5,117,000K)
÷ $6,050,000K
= 1.28
Halliburton Company's quick ratio has shown stability over the period from December 31, 2020 to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
The quick ratio improved from 1.27 in December 31, 2020 to 1.56 in December 31, 2021, indicating an increase in the company's ability to cover its short-term liabilities with its liquid assets. However, the ratio decreased slightly to 1.30 by December 31, 2022, but then remained relatively consistent around 1.27 to 1.28 from December 31, 2023 to December 31, 2024.
Based on the quick ratio trend, Halliburton Company appears to maintain a healthy liquidity position, with the ability to easily meet its short-term obligations using its liquid assets. The consistency in the quick ratio over the years suggests effective management of working capital and financial stability within the company's operations.
Peer comparison
Dec 31, 2024