Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Halliburton Co., solvency ratios (quarterly data)
Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Halliburton Co. debt to equity ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Halliburton Co. debt to capital ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Halliburton Co. debt to assets ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Halliburton Co. financial leverage ratio decreased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Halliburton Co. interest coverage ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Debt to Equity
Halliburton Co., debt to equity calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term borrowings and current maturities of long-term debt | 36) | 35) | 444) | 466) | 512) | 515) | 336) | 97) | 170) | 152) | 763) | 3,186) | 659) | 648) | —) | —) | 14) | —) | —) | —) | ||||||
| Long-term debt, excluding current maturities | 10,421) | 10,424) | 10,427) | 10,428) | 10,430) | 10,423) | 10,816) | 10,812) | 12,214) | 12,163) | 12,158) | 12,207) | 14,687) | 7,243) | 7,838) | 7,841) | 7,840) | 7,816) | 7,816) | 7,816) | ||||||
| Total debt | 10,457) | 10,459) | 10,871) | 10,894) | 10,942) | 10,938) | 11,152) | 10,909) | 12,384) | 12,315) | 12,921) | 15,393) | 15,346) | 7,891) | 7,838) | 7,841) | 7,854) | 7,816) | 7,816) | 7,816) | ||||||
| Company shareholders’ equity | 9,522) | 8,998) | 8,823) | 8,365) | 8,322) | 9,217) | 8,917) | 8,951) | 9,409) | 9,682) | 9,734) | 13,015) | 15,462) | 15,448) | 15,685) | 15,591) | 16,267) | 15,491) | 14,562) | 13,725) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity1 | 1.10 | 1.16 | 1.23 | 1.30 | 1.31 | 1.19 | 1.25 | 1.22 | 1.32 | 1.27 | 1.33 | 1.18 | 0.99 | 0.51 | 0.50 | 0.50 | 0.48 | 0.50 | 0.54 | 0.57 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||
| Schlumberger Ltd. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).
1 Q4 2018 Calculation
Debt to equity = Total debt ÷ Company shareholders’ equity
= 10,457 ÷ 9,522 = 1.10
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Halliburton Co. debt to equity ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Debt to Capital
Halliburton Co., debt to capital calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term borrowings and current maturities of long-term debt | 36) | 35) | 444) | 466) | 512) | 515) | 336) | 97) | 170) | 152) | 763) | 3,186) | 659) | 648) | —) | —) | 14) | —) | —) | —) | ||||||
| Long-term debt, excluding current maturities | 10,421) | 10,424) | 10,427) | 10,428) | 10,430) | 10,423) | 10,816) | 10,812) | 12,214) | 12,163) | 12,158) | 12,207) | 14,687) | 7,243) | 7,838) | 7,841) | 7,840) | 7,816) | 7,816) | 7,816) | ||||||
| Total debt | 10,457) | 10,459) | 10,871) | 10,894) | 10,942) | 10,938) | 11,152) | 10,909) | 12,384) | 12,315) | 12,921) | 15,393) | 15,346) | 7,891) | 7,838) | 7,841) | 7,854) | 7,816) | 7,816) | 7,816) | ||||||
| Company shareholders’ equity | 9,522) | 8,998) | 8,823) | 8,365) | 8,322) | 9,217) | 8,917) | 8,951) | 9,409) | 9,682) | 9,734) | 13,015) | 15,462) | 15,448) | 15,685) | 15,591) | 16,267) | 15,491) | 14,562) | 13,725) | ||||||
| Total capital | 19,979) | 19,457) | 19,694) | 19,259) | 19,264) | 20,155) | 20,069) | 19,860) | 21,793) | 21,997) | 22,655) | 28,408) | 30,808) | 23,339) | 23,523) | 23,432) | 24,121) | 23,307) | 22,378) | 21,541) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital1 | 0.52 | 0.54 | 0.55 | 0.57 | 0.57 | 0.54 | 0.56 | 0.55 | 0.57 | 0.56 | 0.57 | 0.54 | 0.50 | 0.34 | 0.33 | 0.33 | 0.33 | 0.34 | 0.35 | 0.36 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||
| Schlumberger Ltd. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).
1 Q4 2018 Calculation
Debt to capital = Total debt ÷ Total capital
= 10,457 ÷ 19,979 = 0.52
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Halliburton Co. debt to capital ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Debt to Assets
Halliburton Co., debt to assets calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Short-term borrowings and current maturities of long-term debt | 36) | 35) | 444) | 466) | 512) | 515) | 336) | 97) | 170) | 152) | 763) | 3,186) | 659) | 648) | —) | —) | 14) | —) | —) | —) | ||||||
| Long-term debt, excluding current maturities | 10,421) | 10,424) | 10,427) | 10,428) | 10,430) | 10,423) | 10,816) | 10,812) | 12,214) | 12,163) | 12,158) | 12,207) | 14,687) | 7,243) | 7,838) | 7,841) | 7,840) | 7,816) | 7,816) | 7,816) | ||||||
| Total debt | 10,457) | 10,459) | 10,871) | 10,894) | 10,942) | 10,938) | 11,152) | 10,909) | 12,384) | 12,315) | 12,921) | 15,393) | 15,346) | 7,891) | 7,838) | 7,841) | 7,854) | 7,816) | 7,816) | 7,816) | ||||||
| Total assets | 25,982) | 25,751) | 25,765) | 25,191) | 25,085) | 25,790) | 25,325) | 24,885) | 27,000) | 26,755) | 27,737) | 33,932) | 36,942) | 30,248) | 30,606) | 30,587) | 32,240) | 31,583) | 30,484) | 29,256) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets1 | 0.40 | 0.41 | 0.42 | 0.43 | 0.44 | 0.42 | 0.44 | 0.44 | 0.46 | 0.46 | 0.47 | 0.45 | 0.42 | 0.26 | 0.26 | 0.26 | 0.24 | 0.25 | 0.26 | 0.27 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||
| Schlumberger Ltd. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).
1 Q4 2018 Calculation
Debt to assets = Total debt ÷ Total assets
= 10,457 ÷ 25,982 = 0.40
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Halliburton Co. debt to assets ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Financial Leverage
Halliburton Co., financial leverage calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Total assets | 25,982) | 25,751) | 25,765) | 25,191) | 25,085) | 25,790) | 25,325) | 24,885) | 27,000) | 26,755) | 27,737) | 33,932) | 36,942) | 30,248) | 30,606) | 30,587) | 32,240) | 31,583) | 30,484) | 29,256) | ||||||
| Company shareholders’ equity | 9,522) | 8,998) | 8,823) | 8,365) | 8,322) | 9,217) | 8,917) | 8,951) | 9,409) | 9,682) | 9,734) | 13,015) | 15,462) | 15,448) | 15,685) | 15,591) | 16,267) | 15,491) | 14,562) | 13,725) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Financial leverage1 | 2.73 | 2.86 | 2.92 | 3.01 | 3.01 | 2.80 | 2.84 | 2.78 | 2.87 | 2.76 | 2.85 | 2.61 | 2.39 | 1.96 | 1.95 | 1.96 | 1.98 | 2.04 | 2.09 | 2.13 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||
| Schlumberger Ltd. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).
1 Q4 2018 Calculation
Financial leverage = Total assets ÷ Company shareholders’ equity
= 25,982 ÷ 9,522 = 2.73
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Halliburton Co. financial leverage ratio decreased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |
Interest Coverage
Halliburton Co., interest coverage calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net income (loss) attributable to company | 664) | 435) | 511) | 46) | (824) | 365) | 28) | (32) | (149) | 6) | (3,208) | (2,412) | (28) | (54) | 54) | (643) | 901) | 1,203) | 774) | 622) | ||||||
| Add: Net income attributable to noncontrolling interest | 4) | (1) | (3) | 1) | (1) | (4) | —) | —) | (4) | 1) | 3) | (6) | 2) | 1) | (1) | 2) | 4) | 2) | 1) | (6) | ||||||
| Less: Income (loss) from discontinued operations, net | —) | —) | —) | —) | (19) | —) | —) | —) | —) | —) | —) | (2) | —) | —) | (1) | (4) | 1) | 66) | (2) | (1) | ||||||
| Add: Income tax expense | (210) | 100) | 125) | 142) | 1,050) | 135) | (29) | (25) | (22) | (59) | (902) | (875) | (67) | (37) | 71) | (241) | 336) | 411) | 299) | 229) | ||||||
| Add: Interest expense | 148) | 150) | 150) | 150) | 146) | 145) | 149) | 265) | 158) | 159) | 206) | 175) | 142) | 102) | 110) | 109) | 103) | 99) | 98) | 96) | ||||||
| Earnings before interest and tax (EBIT) | 606) | 684) | 783) | 339) | 390) | 641) | 148) | 208) | (17) | 107) | (3,901) | (3,116) | 49) | 12) | 235) | (769) | 1,343) | 1,649) | 1,174) | 942) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Interest coverage1 | 4.03 | 3.68 | 3.64 | 2.57 | 1.97 | 1.37 | 0.61 | -4.57 | -9.92 | -10.06 | -11.13 | -5.33 | -1.02 | 1.94 | 5.84 | 8.31 | 12.90 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||
| Schlumberger Ltd. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).
1 Q4 2018 Calculation
Interest coverage
= (EBITQ4 2018
+ EBITQ3 2018
+ EBITQ2 2018
+ EBITQ1 2018)
÷ (Interest expenseQ4 2018
+ Interest expenseQ3 2018
+ Interest expenseQ2 2018
+ Interest expenseQ1 2018)
= (606 + 684 + 783 + 339)
÷ (148 + 150 + 150 + 150)
= 4.03
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Halliburton Co. interest coverage ratio improved from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018. |