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Halliburton CoHAL -0.64%75 Cash-to-Debt is 0.25 as of Jun. 2026, which is 9% above its 10-year median of 0.23. GuruFocus rates HAL with a GF Score™ of 75/100 and a GF Value™ of $33.75 (Fairly Valued). The stock has 2 warning signs investors should review. Among 990 Oil & Gas companies, Halliburton Co ranks worse than 65.15% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Halliburton Co's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.25.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Halliburton Cocouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Halliburton Co's Cash-to-Debt or its related term are showing as below:
HAL'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.23 Max: 0.32
Current: 0.25
During the past 13 years, Halliburton Co's highest Cash to Debt Ratio was 0.32. The lowest was 0.10. And the median was 0.23.
HAL's Cash-to-Debt is ranked worse than 65.15% of 990
companies
in the Oil & Gas industry
Industry Median: 0.565
vs HAL: 0.25
Halliburton Co (NYSE:HAL) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Halliburton Co Cash-to-Debt Related Terms
Halliburton Co Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Halliburton Co's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.
Halliburton Co Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Halliburton Co's Cash-to-Debt falls into.
* 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 (HAL) has a Cash-to-Debt of 0.25 as of Jun. 2026. This is near median its historical median of 0.23. Over the past decade, Halliburton Co's Cash-to-Debt has ranged from 0.10 to 0.32. According to the industry distribution chart, Halliburton Co ranks #645 out of 990 companies in the Oil & Gas industry, placing it in the top 65.2%.
Is Halliburton Co's Cash-to-Debt too high?
Halliburton Co's current Cash-to-Debt of 0.25 is near median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.32. The Oil & Gas industry median Cash-to-Debt is 0.57. Halliburton Co's value of 0.25 is 55.8% below this industry median. Based on the distribution chart, Halliburton Co ranks #645 out of 990 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Halliburton Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Halliburton Co's Cash-to-Debt compare to FTI and NOV?
According to the Oil & Gas industry distribution chart, Halliburton Co ranks #645 out of 990 companies for Cash-to-Debt. This places Halliburton Co in the lower half of its industry. The industry median Cash-to-Debt is 0.57. Halliburton Co's value of 0.25 is 55.8% below this benchmark. Historically, Halliburton Co's own Cash-to-Debt has ranged from 0.10 to 0.32 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.57, Halliburton Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.57, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halliburton Co's current Cash-to-Debt of 0.25 is 55.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halliburton Co's current Cash-to-Debt is 0.25, which is near median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halliburton Co stock overvalued right now?
Based on GuruFocus' analysis, Halliburton Co (HAL) is currently considered Fairly Valued. The stock's GF Value™ is $33.75, compared to a current price of $35.84 — trading 6.2% above its estimated fair value. The current Cash-to-Debt is 0.25, which is near median its 10-year median of 0.23 and 55.8% below the Oil & Gas industry median of 0.57. Halliburton Co's overall GF Score™ is 75/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Halliburton Co (HAL), the current Cash-to-Debt is 0.25 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Halliburton Co (HAL) Overvalued in 2026?
Based on GuruFocus' analysis, Halliburton Co stock appears to be overvalued.
The current stock price of $35.84 is trading 6.2% above its estimated GF Value™ of $33.75.
GuruFocus considers Halliburton Co to be Fairly Valued.
Key valuation signals for HAL:
Cash-to-Debt: 0.25 (near median its 10-year median of 0.23)
GF Value™: $33.75 vs. price of $35.84 (6.2% above fair value)
Industry Position: 55.8% below the Oil & Gas median (#645 of 990)
No single metric tells the full story. See the HAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Halliburton is North America's largest oilfield-services company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. Halliburton's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been honed over a century of operations.
75GF Score
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