Halliburton Company (HAL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 9,391,000 | 7,948,000 | 6,713,000 | 4,974,000 | 8,012,000 |
| Debt-to-equity ratio | 0.00 | 1.00 | 1.36 | 1.84 | 1.29 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $9,391,000K
= 0.00
The debt-to-equity ratio of Halliburton Co. has shown fluctuations over the past five years. In 2019, the ratio was 1.29, indicating that the company had more debt relative to equity. By 2020, the ratio increased to 1.98, implying a higher level of debt compared to equity. However, in 2021, there was a decrease in the ratio to 1.36, suggesting a reduction in the proportion of debt relative to equity. Subsequently, in 2022, the ratio decreased further to 1.00, indicating a more balanced mix of debt and equity. Finally, in 2023, the ratio fell to 0.81, signaling a lower level of debt relative to equity, which can be seen as a positive indicator of financial health and stability. Overall, the trend in the debt-to-equity ratio of Halliburton Co. shows varying levels of leverage over the years, with a recent decrease indicating a potentially stronger equity position compared to debt.
Peer comparison
Dec 31, 2023