Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Halliburton Co., liquidity ratios
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Current ratio | 2.32 | 2.22 | 2.90 | 4.03 | 2.56 | |
| Quick ratio | 1.51 | 1.52 | 1.97 | 2.87 | 1.68 | |
| Cash ratio | 0.42 | 0.48 | 1.00 | 1.88 | 0.39 |
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).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Halliburton Co. current ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Halliburton Co. quick ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Halliburton Co. cash ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Current Ratio
Halliburton Co., current ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current assets | 11,151) | 10,777) | 11,677) | 21,609) | 15,068) | |
| Current liabilities | 4,802) | 4,862) | 4,023) | 5,359) | 5,883) | |
| Liquidity Ratio | ||||||
| Current ratio1 | 2.32 | 2.22 | 2.90 | 4.03 | 2.56 | |
| Benchmarks | ||||||
| Current Ratio, Competitors2 | ||||||
| Schlumberger Ltd. | — | — | — | — | — | |
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
Current ratio = Current assets ÷ Current liabilities
= 11,151 ÷ 4,802 = 2.32
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Halliburton Co. current ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018. |
Quick Ratio
Halliburton Co., quick ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and equivalents | 2,008) | 2,337) | 4,009) | 10,077) | 2,291) | |
| Receivables, less allowances for bad debts | 5,234) | 5,036) | 3,922) | 5,317) | 7,564) | |
| Total quick assets | 7,242) | 7,373) | 7,931) | 15,394) | 9,855) | |
| Current liabilities | 4,802) | 4,862) | 4,023) | 5,359) | 5,883) | |
| Liquidity Ratio | ||||||
| Quick ratio1 | 1.51 | 1.52 | 1.97 | 2.87 | 1.68 | |
| Benchmarks | ||||||
| Quick Ratio, Competitors2 | ||||||
| Schlumberger Ltd. | — | — | — | — | — | |
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
Quick ratio = Total quick assets ÷ Current liabilities
= 7,242 ÷ 4,802 = 1.51
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Halliburton Co. quick ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |
Cash Ratio
Halliburton Co., cash ratio calculation, comparison to benchmarks
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Cash and equivalents | 2,008) | 2,337) | 4,009) | 10,077) | 2,291) | |
| Total cash assets | 2,008) | 2,337) | 4,009) | 10,077) | 2,291) | |
| Current liabilities | 4,802) | 4,862) | 4,023) | 5,359) | 5,883) | |
| Liquidity Ratio | ||||||
| Cash ratio1 | 0.42 | 0.48 | 1.00 | 1.88 | 0.39 | |
| Benchmarks | ||||||
| Cash Ratio, Competitors2 | ||||||
| Schlumberger Ltd. | — | — | — | — | — | |
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
Cash ratio = Total cash assets ÷ Current liabilities
= 2,008 ÷ 4,802 = 0.42
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Halliburton Co. cash ratio deteriorated from 2016 to 2017 and from 2017 to 2018. |