Halliburton Co., current enterprise value calculation

Current share price (P)	$31.40
No. shares of common stock outstanding	872,542,842
US$ in millions
Common equity (market value)¹	27,398)
Add: Noncontrolling interest in consolidated subsidiaries (per books)	22)
Total equity	27,420)
Add: Short-term borrowings and current maturities of long-term debt (per books)	36)
Add: Long-term debt, excluding current maturities (per books)	10,421)
Total equity and debt	37,877)
Less: Cash and equivalents	2,008)
Enterprise value (EV)	35,869)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 31.40 × 872,542,842

Halliburton Co., EV calculation

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Share price^1, 2	$31.40	$46.70	$54.88	$31.35	$43.12
No. shares of common stock outstanding¹	872,542,842	874,909,834	866,933,212	858,342,017	849,671,830
US$ in millions
Common equity (market value)³	27,398)	40,858)	47,577)	26,909)	36,638)
Add: Noncontrolling interest in consolidated subsidiaries (book value)	22)	27)	39)	33)	31)
Total equity	27,420)	40,885)	47,616)	26,942)	36,669)
Add: Short-term borrowings and current maturities of long-term debt (book value)	36)	512)	170)	659)	14)
Add: Long-term debt, excluding current maturities (book value)	10,421)	10,430)	12,214)	14,687)	7,840)
Total equity and debt	37,877)	51,827)	60,000)	42,288)	44,523)
Less: Cash and equivalents	2,008)	2,337)	4,009)	10,077)	2,291)
Enterprise value (EV)	35,869)	49,490)	55,991)	32,211)	42,232)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Halliburton Co. Annual Report.

³ 2018 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 31.40 × 872,542,842

Download chart

Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Halliburton Co. EV decreased from 2016 to 2017 and from 2017 to 2018.

Halliburton Co. (NYSE:HAL)

Enterprise Value (EV)