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Halliburton HAL Debt-to-assets

Debt-to-assets at other companies

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Schlumberger SLB
0.2×0.0×
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TechnipFMCFTI
0.1×0.0×
Baker Hughes logo
Baker HughesBKR
0.0×
Texas Pacific Land logo
Texas Pacific LandTPL
Rockwell Automation logo
Rockwell AutomationROK
0.4×0.0×

Other financials

Income statement

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Revenue$5.4B-0.3%
Operating income$679.0M+57.5%
Net income$461.0M+126%
EPS (diluted)$0.55+129%

Balance sheet

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Cash & equivalents$2.0B+11.0%
Total debt$8.1B-5.8%
Total equity$10.8B+4.0%
Total assets$25.1B-0.2%

Cash flow

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Operating cash flow$273.0M-27.6%
CapEx$192.0M-36.4%
Free cash flow$81.0M+8.0%

Valuation

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Market cap$29.18B+48.3%
Enterprise value$35.26B+34.5%
P/E19×+9.6×
P/S1.3×+0.4×

Profitability

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Gross margin81.4%
Operating margin11.3%-3.2pp
Net margin6.9%-2.4pp

Returns & leverage

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Return on equity14.6%-6.4pp
Debt / equity0.7×-0.1×
Current ratio2.1×+0.1×

Where this comes from

Calculated from Halliburton’s reported figures.

Based on the most recent quarter.

The official record: Halliburton’s 10-Q, filed April 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Halliburton's debt-to-assets?
Halliburton (HAL) reported debt-to-assets of 0.3× in Q1 2026.
How has Halliburton's debt-to-assets changed year-over-year?
Halliburton's debt-to-assets decreased by 5.6% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Halliburton's debt-to-assets?
Over 4 years (2021 to 2025), Halliburton's debt-to-assets has grown at a -9.0% compound annual growth rate (CAGR), from 2× to 1.4×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.