Halliburton Interest Coverage Trend from 2010 to 2023

HAL Stock  USD 38.56  2.28  5.58%   
Halliburton Interest Coverage yearly trend continues to be relatively stable with very little volatility. Interest Coverage may rise above 4.53 this year. During the period from 2010 to 2023, Halliburton Interest Coverage yarly data series regression line had median of 4.45 and sample variance of  27.59. Halliburton Interest Expense is relatively stable at the moment as compared to the past year. The company's current value of Interest Expense is estimated at 549.71 Million. Net Income is expected to hike to about 1.8 B this year, although the value of Operating Income will most likely fall to nearly 1.9 B.
  
Check Halliburton financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Halliburton main balance sheet or income statement drivers, such as Direct Expenses of 19.3 B, Consolidated Income of 1.4 B or Cost of Revenue of 14.6 B, as well as many exotic indicators such as Interest Coverage of 4.53, Long Term Debt to Equity of 1.03 or PPandE Turnover of 3.69. Halliburton financial statements analysis is a perfect complement when working with Halliburton Valuation or Volatility modules. It can also supplement Halliburton's financial leverage analysis and stock options assessment as well as various Halliburton Technical models . Please check the analysis of Halliburton Correlation against competitors.

Halliburton Interest Coverage Breakdown

Showing smoothed Interest Coverage of Halliburton with missing and latest data points interpolated. Halliburton's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Halliburton's overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Down
Slightly volatile
   Interest Coverage   
       Timeline  

Halliburton Interest Coverage Regression Statistics

Arithmetic Mean7.08
Geometric Mean5.53
Coefficient Of Variation74.16
Mean Deviation4.56
Median4.45
Standard Deviation5.25
Sample Variance27.59
Range15.71
R-Value(0.72)
Mean Square Error14.34
R-Squared0.52
Significance0.003598
Slope(0.91)
Total Sum of Squares358.71

Halliburton Interest Coverage History

2010 10.1
2011 18.01
2012 13.96
2013 12.5
2014 12.8
2015 2.3
2018 4.45
2019 3.84
2022 4.41
2023 4.53

About Halliburton Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Halliburton income statement, its balance sheet, and the statement of cash flows. Halliburton investors use historical funamental indicators, such as Halliburton's Interest Coverage, to determine how well the company is positioned to perform in the future. Although Halliburton investors may use each financial statement separately, they are all related. The changes in Halliburton's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Halliburton's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Halliburton Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Halliburton. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Interest Coverage 4.41  4.53 
Earnings Before Interest Taxes and Depreciation Amortization EBITDAB3.2 B

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Please check the analysis of Halliburton Correlation against competitors. Note that the Halliburton information on this page should be used as a complementary analysis to other Halliburton's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Is Halliburton's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Halliburton. If investors know Halliburton will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Halliburton listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.21) 
Market Capitalization
37.4 B
Quarterly Revenue Growth
0.305
Return On Assets
0.0824
Return On Equity
0.2169
The market value of Halliburton is measured differently than its book value, which is the value of Halliburton that is recorded on the company's balance sheet. Investors also form their own opinion of Halliburton's value that differs from its market value or its book value, called intrinsic value, which is Halliburton's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Halliburton's market value can be influenced by many factors that don't directly affect Halliburton's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Halliburton's value and its price as these two are different measures arrived at by different means. Investors typically determine Halliburton value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Halliburton's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.