Halliburton Co. (NYSE:HAL)

This company has been moved to the archive! The financial data has not been updated since February 13, 2019.

Analysis of Bad Debts

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.

Allowance for Doubtful Accounts Receivable

Allowance for Doubtful Accounts Receivable

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Selected Financial Data (US$ in millions)
Allowances for bad debts	738)	725)	175)	145)	137)
Receivables, gross	5,972)	5,761)	4,097)	5,462)	7,701)
Financial Ratio
Allowance as a percentage of receivables, gross¹	12.36%	12.58%	4.27%	2.65%	1.78%

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

¹ 2018 Calculation
Allowance as a percentage of receivables, gross = 100 × Allowances for bad debts ÷ Receivables, gross
= 100 × 738 ÷ 5,972 = 12.36%

Financial ratio	Description	The company
Allowance as a percentage of receivables, gross	Allowance for doubtful accounts divided by the gross accounts receivable.	Halliburton Co. allowance as a percentage of receivables, gross increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.