Halliburton annual debt-to-equity ratio
2008
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2025
Halliburton Debt-to-Equity Ratio Growth & History (HAL)
Halliburton's debt-to-equity ratio was 0.79 for fiscal 2025.
View full Halliburton company overviewHalliburton annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.79 | −0.04 | −4.78% |
| 2024 | 2024-12-31 | 0.83 | −0.12 | −12.63% |
| 2023 | 2023-12-31 | 0.96 | −0.19 | −16.40% |
| 2022 | 2022-12-31 | 1.14 | −0.40 | −25.75% |
| 2021 | 2021-12-31 | 1.54 | −0.67 | −30.25% |
| 2020 | 2020-12-31 | 2.21 | 0.77 | +53.73% |
| 2019 | 2019-12-31 | 1.44 | 0.34 | +30.73% |
| 2018 | 2018-12-31 | 1.10 | −0.22 | −16.48% |
| 2017 | 2017-12-31 | 1.31 | −0.00 | −0.10% |
| 2016 | 2016-12-31 | 1.32 | 0.32 | +32.61% |
| 2015 | 2015-12-31 | 0.99 | 0.51 | +107.55% |
| 2014 | 2014-12-31 | 0.48 | −0.10 | −16.91% |
| 2013 | 2013-12-31 | 0.58 | 0.27 | +88.23% |
| 2012 | 2012-12-31 | 0.31 | −0.06 | −16.28% |
| 2011 | 2011-12-31 | 0.37 | −0.00 | −0.93% |
| 2010 | 2010-12-31 | 0.37 | −0.16 | −29.66% |
| 2009 | 2009-12-31 | 0.52 | 0.52 | +15470.64% |
| 2008 | 2008-12-31 | 0.00 | — | — |
Halliburton quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.74 | −0.04 | −5.41% |
| Q1 2026 | 2026-03-31 | 0.74 | −0.05 | −6.20% |
| Q4 2025 | 2025-12-31 | 0.79 | −0.04 | −4.78% |
| Q3 2025 | 2025-09-30 | 0.80 | −0.04 | −5.01% |
| Q2 2025 | 2025-06-30 | 0.78 | −0.09 | −10.78% |
| Q1 2025 | 2025-03-31 | 0.79 | −0.12 | −13.33% |
| Q4 2024 | 2024-12-31 | 0.83 | −0.12 | −12.63% |
| Q3 2024 | 2024-09-30 | 0.84 | −0.13 | −13.18% |
| Q2 2024 | 2024-06-30 | 0.87 | −0.17 | −16.40% |
| Q1 2024 | 2024-03-31 | 0.91 | −0.15 | −14.43% |
| Q4 2023 | 2023-12-31 | 0.96 | −0.19 | −16.40% |
| Q3 2023 | 2023-09-30 | 0.97 | −0.20 | −17.21% |
| Q2 2023 | 2023-06-30 | 1.04 | −0.29 | −21.95% |
| Q1 2023 | 2023-03-31 | 1.07 | −0.30 | −21.96% |
| Q4 2022 | 2022-12-31 | 1.14 | −0.40 | −25.75% |
| Q3 2022 | 2022-09-30 | 1.17 | −0.64 | −35.13% |
| Q2 2022 | 2022-06-30 | 1.34 | −0.52 | −27.92% |
| Q1 2022 | 2022-03-31 | 1.37 | −0.59 | −30.07% |
| Q4 2021 | 2021-12-31 | 1.54 | −0.67 | −30.25% |
| Q3 2021 | 2021-09-30 | 1.81 | 1.29 | +250.27% |
| Q2 2021 | 2021-06-30 | 1.86 | 1.34 | +259.47% |
| Q1 2021 | 2021-03-31 | 1.95 | 1.55 | +390.67% |
| Q4 2020 | 2020-12-31 | 2.21 | 0.77 | +53.73% |
| Q3 2020 | 2020-09-30 | 0.52 | −0.64 | −55.34% |
| Q2 2020 | 2020-06-30 | 0.52 | −0.67 | −56.49% |
| Q1 2020 | 2020-03-31 | 0.40 | −0.78 | −66.23% |
| Q4 2019 | 2019-12-31 | 1.44 | 0.34 | +30.73% |
| Q3 2019 | 2019-09-30 | 1.16 | −0.00 | −0.06% |
| Q2 2019 | 2019-06-30 | 1.19 | −0.05 | −3.70% |
| Q1 2019 | 2019-03-31 | 1.18 | −0.12 | −9.50% |
| Q4 2018 | 2018-12-31 | 1.10 | −0.22 | −16.48% |
| Q3 2018 | 2018-09-30 | 1.16 | −0.03 | −2.38% |
| Q2 2018 | 2018-06-30 | 1.23 | −0.02 | −1.48% |
| Q1 2018 | 2018-03-31 | 1.30 | 0.08 | +6.86% |
| Q4 2017 | 2017-12-31 | 1.31 | −0.00 | −0.10% |
| Q3 2017 | 2017-09-30 | 1.19 | −0.09 | −6.70% |
| Q2 2017 | 2017-06-30 | 1.25 | −0.08 | −5.78% |
| Q1 2017 | 2017-03-31 | 1.22 | 0.04 | +3.05% |
| Q4 2016 | 2016-12-31 | 1.32 | 0.32 | +32.61% |
| Q3 2016 | 2016-09-30 | 1.27 | 0.76 | +149.01% |
| Q2 2016 | 2016-06-30 | 1.33 | 0.83 | +165.63% |
| Q1 2016 | 2016-03-31 | 1.18 | 0.68 | +135.17% |
| Q4 2015 | 2015-12-31 | 0.99 | 0.51 | +107.55% |
| Q3 2015 | 2015-09-30 | 0.51 | 0.01 | +1.24% |
| Q2 2015 | 2015-06-30 | 0.50 | −0.04 | −6.90% |
| Q1 2015 | 2015-03-31 | 0.50 | −0.07 | −11.69% |
| Q4 2014 | 2014-12-31 | 0.48 | −0.10 | −16.91% |
| Q3 2014 | 2014-09-30 | 0.50 | −0.11 | −17.45% |
| Q2 2014 | 2014-06-30 | 0.54 | 0.22 | +70.79% |
| Q1 2014 | 2014-03-31 | 0.57 | 0.26 | +85.61% |
| Q4 2013 | 2013-12-31 | 0.58 | 0.27 | +88.23% |
| Q3 2013 | 2013-09-30 | 0.61 | 0.29 | +92.34% |
| Q2 2013 | 2013-06-30 | 0.31 | −0.02 | −5.20% |
| Q1 2013 | 2013-03-31 | 0.31 | −0.04 | −11.88% |
| Q4 2012 | 2012-12-31 | 0.31 | −0.06 | −16.28% |
| Q3 2012 | 2012-09-30 | 0.32 | 0.01 | +2.69% |
| Q2 2012 | 2012-06-30 | 0.33 | — | — |
| Q1 2012 | 2012-03-31 | 0.35 | — | — |
| Q4 2011 | 2011-12-31 | 0.37 | −0.00 | −0.93% |
| Q3 2011 | 2011-09-30 | 0.31 | 0.23 | +305.98% |
| Q4 2010 | 2010-12-31 | 0.37 | −0.16 | −29.66% |
| Q3 2010 | 2010-09-30 | 0.08 | 0.08 | — |
| Q2 2010 | 2010-06-30 | 0.08 | 0.08 | +2365.34% |
| Q1 2010 | 2010-03-31 | 0.08 | — | — |
| Q4 2009 | 2009-12-31 | 0.52 | 0.52 | +15470.64% |
| Q3 2009 | 2009-09-30 | 0.00 | — | — |
| Q2 2009 | 2009-06-30 | 0.00 | — | — |
| Q4 2008 | 2008-12-31 | 0.00 | — | — |
Halliburton debt-to-equity ratio trends
Over the last five fiscal years, Halliburton's debt-to-equity ratio decreased from 2.21 to 0.79, a change of −1.41. The latest reported quarter, Q2 2026, shows 0.74.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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