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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Halliburton Co's Goodwill for the quarter that ended in Mar. 2024 was $2,850 Mil. Halliburton Co's Total Assets for the quarter that ended in Mar. 2024 was $24,654 Mil. Therefore, Halliburton Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.12.
The historical data trend for Halliburton Co's Goodwill-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Halliburton Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Goodwill-to-Asset | Get a 7-Day Free Trial | 0.11 | 0.14 | 0.13 | 0.12 | 0.12 |
Halliburton Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Goodwill-to-Asset | Get a 7-Day Free Trial | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Halliburton Co's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Halliburton Co's Goodwill-to-Asset falls into.
Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.
It is calculated by dividing goodwill by total assets.
Halliburton Co's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Goodwill to Asset (A: Dec. 2023 ) | = | Goodwill | / | Total Assets |
= | 2850 | / | 24683 | |
= | 0.12 |
Halliburton Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as
Goodwill to Asset (Q: Mar. 2024 ) | = | Goodwill | / | Total Assets |
= | 2850 | / | 24654 | |
= | 0.12 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Halliburton Co (NYSE:HAL) Goodwill-to-Asset Explanation
If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.
Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.
Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.
Thank you for viewing the detailed overview of Halliburton Co's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Van H. Beckwith | officer: EVP, Secretary and CLO | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Myrtle L Jones | officer: Senior Vice Pres - Tax | 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77032 |
Jill D. Sharp | officer: SVP Internal Assurance Svcs. | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Jeffrey Allen Miller | officer: Exec VP & COO | 3000 N. SAM HOUSTON PARKWAY E., HOUSTON TX 77032 |
Timothy Mckeon | officer: Vice Pres and Treasurer | 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77032 |
Eric Carre | officer: EVP, Global Business Lines | 3000 N. SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Charles Jr. Geer | officer: VP and Corporate Controller | 3000 N. SAM HOUSTON PARKWAY EAST, PLAZA 2-6211, HOUSTON TX 77032 |
Jeffrey Shannon Slocum | officer: President - Eastern Hemisphere | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Maurice S Smith | director | 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654 |
Janet L Weiss | director | 3000 N SAM HOUSTON PKWY E, HOUSTON TX 77032 |
Margaret Katherine Banks | director | 125 SPENCE STREET, SUITE 500, ZACHRY ENGINEERING EDUCATION COMPLEX, COLLEGE STATION TX 77843 |
Lawrence J Pope | officer: Vice Pres, HR and Admin | 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77032 |
Joe D Rainey | officer: Pres., Eastern Hemisphere | EMIRATES TOWER, 13TH FLOOR, SHEIKH ZAYED ROAD, DUBAI C0 00000 |
Lance Loeffler | officer: Chief Financial Officer | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Mark Richard | officer: President - Western Hemisphere | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
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