Halliburton Company (HAL)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	7,541,000	7,636,000	7,928,000	9,127,000	9,132,000
Total assets	US$ in thousands	25,587,000	24,683,000	23,255,000	22,321,000	20,680,000
Debt-to-assets ratio		0.29	0.31	0.34	0.41	0.44

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $7,541,000K ÷ $25,587,000K
= 0.29

Halliburton Company's debt-to-assets ratio has shown a consistent downward trend over the years, decreasing from 0.44 in December 2020 to 0.29 in December 2024. This indicates that the company has been successful in reducing its level of debt in relation to its total assets. A declining debt-to-assets ratio often reflects improved financial health and reduced financial risk for the company. By managing its debt levels effectively, Halliburton may be enhancing its ability to meet financial obligations and invest in future growth opportunities.