Halliburton Company (HAL)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 7,928,000 | — | — | — | 9,127,000 | — | — | — | 9,132,000 | 1,500,000 | 1,500,000 | 1,500,000 | 10,316,000 | — | — | — |
| Total assets | US$ in thousands | 24,683,000 | 24,442,000 | 24,073,000 | 23,619,000 | 23,255,000 | 22,563,000 | 22,445,000 | 22,073,000 | 22,321,000 | 21,025,000 | 20,917,000 | 20,575,000 | 20,680,000 | 20,874,000 | 21,104,000 | 23,622,000 | 25,377,000 | 26,789,000 | 26,880,000 | 26,989,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.34 | 0.00 | 0.00 | 0.00 | 0.41 | 0.00 | 0.00 | 0.00 | 0.44 | 0.07 | 0.07 | 0.06 | 0.41 | 0.00 | 0.00 | 0.00 |
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 shown a gradual decrease from 0.39 in Q1 2022 to 0.31 in Q4 2023. This ratio indicates that for every dollar of assets, the company has borrowed 31 cents in Q4 2023. The declining trend in the ratio suggests that the company has been able to effectively manage its debt levels in relation to its asset base. Lower debt-to-assets ratio signifies lower financial risk as the company is relying less on debt to finance its operations and investments. It indicates a stronger financial position and better ability to withstand economic downturns or other financial challenges. Overall, the decreasing trend in the debt-to-assets ratio of Halliburton Co. over the quarters is a positive indicator of the company's financial health and prudent debt management.
Peer comparison
Dec 31, 2023