Halliburton Company (HAL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 2,268,000 | 1,571,000 | 1,176,000 | 1,380,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 4,577,000 | 5,290,000 | 5,700,000 | 5,622,000 |
| 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 |
| Quick ratio | 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 | 1.40 | 1.46 | 1.39 | 1.39 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,264,000K
+ $—K
+ $4,860,000K)
÷ $5,608,000K
= 1.27
The quick ratio of Halliburton Co. has remained relatively stable over the past eight quarters, ranging between 1.48 and 1.61. The company's quick ratio indicates its ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1.0 suggests that Halliburton Co. has an adequate level of liquid assets to cover its current liabilities.
The consistent quick ratios above 1.0 signal that Halliburton Co. has been able to maintain a healthy liquidity position throughout the observed period. This indicates that the company is likely able to meet its short-term obligations without having to rely heavily on selling inventory or other less liquid assets. Overall, the trend in the quick ratio suggests that Halliburton Co. has been managing its liquidity effectively and may be well-positioned to handle unexpected financial challenges in the short term.
Peer comparison
Dec 31, 2023