Current Ratio
since 2005
Calculation
Halliburton Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2018 | 2.32 | = | 11,151) | ÷ | 4,802) |
| Dec 31, 2017 | 2.22 | = | 10,777) | ÷ | 4,862) |
| Dec 31, 2016 | 2.90 | = | 11,677) | ÷ | 4,023) |
| Dec 31, 2015 | 4.03 | = | 21,609) | ÷ | 5,359) |
| Dec 31, 2014 | 2.56 | = | 15,068) | ÷ | 5,883) |
| Dec 31, 2013 | 2.73 | = | 13,704) | ÷ | 5,026) |
| Dec 31, 2012 | 2.75 | = | 13,086) | ÷ | 4,752) |
| Dec 31, 2011 | 2.81 | = | 11,577) | ÷ | 4,121) |
| Dec 31, 2010 | 3.22 | = | 8,886) | ÷ | 2,757) |
| Dec 31, 2009 | 2.99 | = | 8,638) | ÷ | 2,889) |
| Dec 31, 2008 | 2.66 | = | 7,411) | ÷ | 2,781) |
| Dec 31, 2007 | 3.14 | = | 7,573) | ÷ | 2,411) |
| Dec 31, 2006 | 2.37 | = | 11,183) | ÷ | 4,727) |
| Dec 31, 2005 | 2.10 | = | 9,327) | ÷ | 4,437) |
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 company maintained a robust liquidity position from 2005 to 2018, with the current ratio consistently remaining above 2.0. This indicates a sustained capacity to meet short-term obligations using short-term assets throughout the entire period analyzed.
- Liquidity Trend Analysis
- The current ratio exhibited a general upward trajectory between 2005 and 2010, rising from 2.10 to a peak of 3.22. Following this initial growth, the ratio entered a period of relative stability between 2011 and 2014, fluctuating within a narrow range from 2.81 to 2.56.
- Analysis of the 2015 Peak
- A significant outlier occurred in 2015, where the current ratio reached its maximum value of 4.03. This spike was primarily driven by a substantial increase in current assets, which surged to 21.61 billion USD, while current liabilities simultaneously decreased to 5.36 billion USD from a prior high of 5.88 billion USD in 2014.
- Current Asset and Liability Dynamics
- Current assets showed a long-term growth pattern from 9.33 billion USD in 2005 to 15.07 billion USD in 2014, before the anomalous peak in 2015. Current liabilities remained comparatively stable, generally fluctuating between 2.41 billion USD and 5.88 billion USD. The most notable contraction in the current ratio occurred between 2015 and 2017, as current assets fell sharply from 21.61 billion USD to 10.78 billion USD.
- Recent Stability (2016–2018)
- In the final three years of the period, the current ratio stabilized between 2.22 and 2.32. This represents a return to liquidity levels closely mirroring those observed during the 2005–2006 window, suggesting a normalization of the company's short-term financial structure after the volatility seen in 2015.
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Comparison to Competitors
Halliburton Co., current ratio, long-term trends, comparison to competitors
| Halliburton Co. | SLB N.V. | |
|---|---|---|
| Dec 31, 2018 | 2.32 | 1.17 |
| Dec 31, 2017 | 2.22 | 1.21 |
| Dec 31, 2016 | 2.90 | 1.59 |
| Dec 31, 2015 | 4.03 | 1.91 |
| Dec 31, 2014 | 2.56 | 1.74 |
| Dec 31, 2013 | 2.73 | 1.94 |
| Dec 31, 2012 | 2.75 | 1.95 |
| Dec 31, 2011 | 2.81 | 1.95 |
| Dec 31, 2010 | 3.22 | 1.67 |
| Dec 31, 2009 | 2.99 | 1.88 |
| Dec 31, 2008 | 2.66 | 1.59 |
| Dec 31, 2007 | 3.14 | 1.47 |
| Dec 31, 2006 | 2.37 | 1.42 |
| Dec 31, 2005 | 2.10 | 1.55 |
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 | 2.32 | 1.06 |
| Dec 31, 2017 | 2.22 | 1.00 |
| Dec 31, 2016 | 2.90 | 1.02 |
| Dec 31, 2015 | 4.03 | 1.09 |
| Dec 31, 2014 | 2.56 | 1.10 |
| Dec 31, 2013 | 2.73 | 1.16 |
| Dec 31, 2012 | 2.75 | 1.31 |
| Dec 31, 2011 | 2.81 | 1.18 |
| Dec 31, 2010 | 3.22 | 1.24 |
| Dec 31, 2009 | 2.99 | 1.17 |
| Dec 31, 2008 | 2.66 | 1.28 |
| Dec 31, 2007 | 3.14 | 1.27 |
| Dec 31, 2006 | 2.37 | 1.33 |
| Dec 31, 2005 | 2.10 | 1.38 |
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).