Halliburton Company (HAL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 8,012,000 | 9,745,000 | 9,508,000 | 9,605,000 |
| Debt-to-equity ratio | 0.00 | 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 | 1.29 | 0.00 | 0.00 | 0.00 |
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 a declining trend over the past eight quarters, indicating that the company has been reducing its reliance on debt to finance its operations relative to its equity. The ratio decreased from 1.22 in Q1 2022 to 0.81 in Q4 2023, which suggests an improving financial position in terms of leverage. This downward trend may signify that the company is managing its debt levels effectively and/or experiencing growth in shareholder equity. It is worth noting that a lower debt-to-equity ratio generally indicates lower financial risk and greater solvency for a company, as it implies that a smaller portion of its assets is financed through debt. Overall, a decreasing debt-to-equity ratio for Halliburton Co. reflects a positive development in its capital structure.
Peer comparison
Dec 31, 2023