Halliburton Company (HAL)

Debt-to-equity ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	7,541,000	—	—	—	7,636,000	—	—	—	7,928,000	—	—	—	9,127,000	—	—	—	9,132,000	1,500,000	1,500,000	1,500,000
Total stockholders’ equity	US$ in thousands	10,506,000	10,296,000	10,000,000	9,636,000	9,391,000	9,150,000	8,693,000	8,415,000	7,948,000	7,621,000	7,130,000	7,017,000	6,713,000	5,681,000	5,420,000	5,170,000	4,974,000	5,200,000	5,189,000	6,830,000
Debt-to-equity ratio		0.72	0.00	0.00	0.00	0.81	0.00	0.00	0.00	1.00	0.00	0.00	0.00	1.36	0.00	0.00	0.00	1.84	0.29	0.29	0.22

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $7,541,000K ÷ $10,506,000K
= 0.72

The debt-to-equity ratio of Halliburton Company has shown fluctuations over the years, indicating varying levels of debt compared to equity in the company's capital structure.

As of December 31, 2020, the ratio was notably high at 1.84, suggesting that the company had higher levels of debt relative to equity during that period. This could potentially indicate higher financial leverage and increased risk due to a significant reliance on debt financing.

Subsequently, in the following quarters of March 31, 2021, June 30, 2021, and September 30, 2021, the company managed to bring down its debt-to-equity ratio to 0.00, indicating a more balanced capital structure with minimal debt compared to equity. This could signify a healthier financial position and reduced financial risk.

However, by December 31, 2021, the debt-to-equity ratio increased to 1.36, suggesting a return to a higher level of debt relative to equity. This could potentially imply increased financial leverage and risk exposure.

In the following periods up to December 31, 2024, the company maintained a debt-to-equity ratio below 1, indicating a more conservative capital structure with lower reliance on debt financing compared to equity. Overall, monitoring this ratio can provide insights into Halliburton Company's capital structure changes and its potential impact on financial risk and stability.