Halliburton Company (HAL)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 7,928,000 | 9,127,000 | 9,132,000 | 10,316,000 |
| Total assets | US$ in thousands | 24,683,000 | 23,255,000 | 22,321,000 | 20,680,000 | 25,377,000 |
| Debt-to-assets ratio | 0.00 | 0.34 | 0.41 | 0.44 | 0.41 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $24,683,000K
= 0.00
The debt-to-assets ratio of Halliburton Co. has been decreasing over the past five years, indicating a positive trend in the company's ability to cover its obligations with its assets. The ratio stood at 0.31 as of December 31, 2023, reflecting a reduction from 0.34 in the previous year and a significant decline from 0.48 in December 31, 2020. This suggests that Halliburton has been able to effectively manage its debt levels in recent years relative to its asset base. The decreasing trend in this ratio implies improved financial stability and lower financial risk for the company. It is essential to continue monitoring this ratio to ensure that the company maintains a healthy balance between debt and assets in the future.
Peer comparison
Dec 31, 2023