Current Ratio
since 2005
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Calculation
Halliburton Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2018 | = | ÷ | |||
| Dec 31, 2017 | = | ÷ | |||
| Dec 31, 2016 | = | ÷ | |||
| Dec 31, 2015 | = | ÷ | |||
| Dec 31, 2014 | = | ÷ | |||
| Dec 31, 2013 | = | ÷ | |||
| Dec 31, 2012 | = | ÷ | |||
| Dec 31, 2011 | = | ÷ | |||
| Dec 31, 2010 | = | ÷ | |||
| Dec 31, 2009 | = | ÷ | |||
| Dec 31, 2008 | = | ÷ | |||
| Dec 31, 2007 | = | ÷ | |||
| Dec 31, 2006 | = | ÷ | |||
| Dec 31, 2005 | = | ÷ |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The analysis of the annual financial data reveals several notable trends in the liquidity position over the period from 2005 to 2018.
- Current Assets
- The current assets exhibit a fluctuating pattern. Beginning at US$ 9,327 million in 2005, there was an increase to US$ 11,183 million in 2006. This was followed by a significant decline to approximately US$ 7,573 million in 2007 and a slight further decrease in 2008. Subsequently, the current assets rose steadily until reaching a peak of US$ 21,609 million in 2014. After this peak, the values showed a marked decline in 2015 to US$ 11,677 million, stabilizing around the US$ 11,000 million range through 2018.
- Current Liabilities
- Current liabilities remained relatively stable with minor fluctuations. Starting at US$ 4,437 million in 2005, current liabilities increased marginally through 2006, then dropped significantly in 2007 to US$ 2,411 million. From 2008 onwards, current liabilities showed a gradual upward trajectory, reaching US$ 5,883 million in 2014. This was followed by a decrease in 2015 to US$ 4,023 million, then an increase again, stabilizing near the US$ 4,800 million mark toward the end of the period.
- Current Ratio
- The current ratio, reflecting the ability to cover short-term obligations, generally remained above 2.0, indicating a healthy liquidity position. It rose from 2.10 in 2005 to a peak of 4.03 in 2014, coinciding with the peak in current assets and a relatively moderate level of current liabilities. However, after 2014, the current ratio declined to approximately 2.22 by 2017 and slightly increased to 2.32 in 2018. Despite this decline, the ratio still suggests a reasonable buffer to meet short-term liabilities.
Overall, the data indicates that the liquidity position was strongest around 2014, with a notable peak in current assets and current ratio. However, the subsequent reduction in current assets and current ratio suggests a tightening liquidity situation, though the company's ability to cover short-term liabilities remains adequate. The fluctuations in current liabilities were less pronounced compared to current assets, indicating that changes in liquidity were largely driven by shifts in current asset levels.
Comparison to Competitors
Halliburton Co., current ratio, long-term trends, comparison to competitors
| Halliburton Co. | Schlumberger Ltd. | |
|---|---|---|
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 31, 2007 | ||
| Dec 31, 2006 | ||
| Dec 31, 2005 |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Halliburton Co., current ratio, long-term trends, comparison to industry (energy)
| Halliburton Co. | Energy | |
|---|---|---|
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 31, 2007 | ||
| Dec 31, 2006 | ||
| Dec 31, 2005 |
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), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).