Halliburton Company (HAL)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 25,587,000 | 24,683,000 | 23,255,000 | 22,321,000 | 20,680,000 |
| Total stockholders’ equity | US$ in thousands | 10,506,000 | 9,391,000 | 7,948,000 | 6,713,000 | 4,974,000 |
| Financial leverage ratio | 2.44 | 2.63 | 2.93 | 3.33 | 4.16 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $25,587,000K ÷ $10,506,000K
= 2.44
The financial leverage ratio of Halliburton Company has shown a declining trend over the years, decreasing from 4.16 in December 2020 to 2.44 in December 2024. This indicates that the company has been using less debt relative to its equity to finance its operations and investments. A lower financial leverage ratio suggests that the company is becoming less reliant on debt financing, which can reduce its financial risk and provide more stability in times of economic uncertainty. Overall, this trend indicates a strengthening financial position and improved financial health for Halliburton Company.
Peer comparison
Dec 31, 2024