Halliburton Company (HAL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,618,000 | 2,178,000 | 2,138,000 | 1,891,000 | 2,264,000 | 2,036,000 | 2,105,000 | 1,879,000 | 2,346,000 | 1,977,000 | 2,226,000 | 2,154,000 | 3,044,000 | 2,632,000 | 2,658,000 | 2,446,000 | 2,563,000 | 2,115,000 | 1,811,000 | 1,385,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 5,117,000 | 5,339,000 | 5,327,000 | 5,103,000 | 4,860,000 | 5,124,000 | 4,946,000 | 5,195,000 | 4,627,000 | 4,614,000 | 4,390,000 | 4,026,000 | 3,666,000 | 3,525,000 | 3,459,000 | 3,250,000 | 3,071,000 | 3,145,000 | 3,345,000 | 4,850,000 |
| 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 |
| Quick ratio | 1.28 | 1.38 | 1.34 | 1.30 | 1.27 | 1.32 | 1.32 | 1.34 | 1.30 | 1.33 | 1.39 | 1.39 | 1.56 | 1.56 | 1.41 | 1.35 | 1.27 | 1.34 | 1.26 | 1.23 |
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
The quick ratio of Halliburton Company has shown a generally positive trend over the reporting periods provided. Starting at 1.23 on March 31, 2020, the quick ratio has consistently increased, reaching a peak of 1.56 on September 30, 2021, and maintaining this level for the subsequent quarter. This indicates that the company has an increasing ability to meet its short-term obligations using its most liquid assets.
However, from March 31, 2022, there was a slight decline in the quick ratio, hovering around the range of 1.30 to 1.34 until September 30, 2024, where it increased to 1.38. The quick ratio of 1.28 on December 31, 2024, shows a slight decrease but remains above 1, indicating that Halliburton Company still maintains a strong ability to cover its short-term liabilities with its quick assets.
Overall, the quick ratio fluctuated within a relatively stable range, suggesting that Halliburton Company has been effectively managing its liquidity and is in a strong financial position to meet its immediate financial obligations.
Peer comparison
Dec 31, 2024