Halliburton Net Income Common Stock vs Income Tax Expense Analysis

HAL
 Stock
  

USD 28.69  0.38  1.34%   

Halliburton financial indicator trend analysis is much more than just examining Halliburton latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Halliburton is a good investment. Please check the relationship between Halliburton Net Income Common Stock and its Income Tax Expense accounts. Please check Risk vs Return Analysis.

Net Income Common Stock vs Income Tax Expense

Net Income Common Stock vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Halliburton Net Income Common Stock account and Income Tax Expense. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Halliburton's Net Income Common Stock and Income Tax Expense is 0.82. Overlapping area represents the amount of variation of Net Income Common Stock that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Halliburton, assuming nothing else is changed. The correlation between historical values of Halliburton's Net Income Common Stock and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Common Stock of Halliburton are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Net Income Common Stock i.e., Halliburton's Net Income Common Stock and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Net Income Common Stock

The amount of net income (loss) for the period due to common shareholders. Typically differs from Net Income to the parent entity due to the deduction of Preferred Dividends.

Income Tax Expense

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Most indicators from Halliburton fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Halliburton current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please check Risk vs Return Analysis.Halliburton Selling General and Administrative Expense is relatively stable at the moment as compared to the past year. The company's current value of Selling General and Administrative Expense is estimated at 211.9 Million. Issuance Purchase of Equity Shares is expected to hike to about 85.2 M this year, although the value of Net Cash Flow Business Acquisitions and Disposals will most likely fall to (232 M).
 2019 2020 2021 2022 (projected)
Interest Expense569 M505 M469 M512.68 M
Gross Profit2.29 B1.54 B2.02 B2.37 B

Halliburton fundamental ratios Correlations

0.80.690.360.20.53-0.3-0.18-0.39-0.150.470.370.090.850.070.67-0.050.620.510.66-0.250.0
0.80.580.670.540.75-0.02-0.24-0.47-0.210.740.75-0.270.830.030.79-0.110.570.840.94-0.54-0.22
0.690.580.280.070.54-0.20.23-0.120.27-0.020.00.490.510.40.630.310.910.290.430.1-0.17
0.360.670.280.960.910.670.29-0.080.320.550.73-0.230.650.480.750.390.20.90.66-0.33-0.41
0.20.540.070.960.740.80.250.00.260.550.75-0.330.550.40.640.330.00.820.56-0.4-0.3
0.530.750.540.910.740.380.3-0.20.340.470.59-0.050.690.520.80.420.440.860.71-0.18-0.51
-0.3-0.02-0.20.670.80.380.590.40.580.020.3-0.06-0.010.580.220.58-0.270.35-0.030.03-0.17
-0.18-0.240.230.290.250.30.590.681.0-0.52-0.420.69-0.210.960.180.980.12-0.09-0.390.66-0.16
-0.39-0.47-0.12-0.080.0-0.20.40.680.63-0.5-0.540.57-0.420.560.010.59-0.23-0.38-0.560.470.17
-0.15-0.210.270.320.260.340.581.00.63-0.51-0.390.69-0.180.960.190.990.16-0.06-0.360.66-0.19
0.470.74-0.020.550.550.470.02-0.52-0.5-0.510.85-0.730.7-0.310.51-0.420.00.790.84-0.79-0.11
0.370.750.00.730.750.590.3-0.42-0.54-0.390.85-0.740.67-0.230.5-0.330.020.880.84-0.77-0.27
0.09-0.270.49-0.23-0.33-0.05-0.060.690.570.69-0.73-0.74-0.210.660.080.670.44-0.48-0.480.790.21
0.850.830.510.650.550.69-0.01-0.21-0.42-0.180.70.67-0.210.050.82-0.080.470.790.84-0.53-0.17
0.070.030.40.480.40.520.580.960.560.96-0.31-0.230.660.050.410.990.30.14-0.140.54-0.18
0.670.790.630.750.640.80.220.180.010.190.510.50.080.820.410.270.540.740.75-0.28-0.15
-0.05-0.110.310.390.330.420.580.980.590.99-0.42-0.330.67-0.080.990.270.20.03-0.270.61-0.19
0.620.570.910.20.00.44-0.270.12-0.230.160.00.020.440.470.30.540.20.250.460.04-0.11
0.510.840.290.90.820.860.35-0.09-0.38-0.060.790.88-0.480.790.140.740.030.250.89-0.64-0.5
0.660.940.430.660.560.71-0.03-0.39-0.56-0.360.840.84-0.480.84-0.140.75-0.270.460.89-0.7-0.29
-0.25-0.540.1-0.33-0.4-0.180.030.660.470.66-0.79-0.770.79-0.530.54-0.280.610.04-0.64-0.70.31
0.0-0.22-0.17-0.41-0.3-0.51-0.17-0.160.17-0.19-0.11-0.270.21-0.17-0.18-0.15-0.19-0.11-0.5-0.290.31
Click cells to compare fundamentals

Halliburton Account Relationship Matchups

Halliburton fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories2.4 B3.03 B3.14 B2.35 B2.36 B2.81 B
Receivables5.04 B5.23 B4.58 B3.07 B3.67 B4.79 B
Accounts Payable2.55 B3.02 B2.43 B1.57 B2.35 B2.15 B
Accumulated Other Comprehensive Income(454 M)(469 M)(355 M)(362 M)(183 M)(197.45 M)
Total Assets25.09 B25.98 B25.38 B20.68 B22.32 B23.07 B
Current Assets10.78 B11.15 B11.21 B9.47 B9.94 B10.49 B
Assets Non Current14.31 B14.83 B14.16 B11.21 B12.38 B12.58 B
Cash and Equivalents2.34 B2.01 B2.27 B2.56 B3.04 B2.99 B
Cash and Equivalents USD2.34 B2.01 B2.27 B2.56 B3.04 B2.99 B
Total Debt10.94 B10.31 B11.36 B10.84 B10.21 B10.99 B
Debt Current170 M512 M219 M946 M240 M354.59 M
Debt Non Current10.43 B10.31 B11.14 B9.89 B9.97 B10.72 B
Total Debt USD10.94 B10.31 B11.36 B10.84 B10.21 B10.99 B
Shareholders Equity8.32 B9.52 B8.01 B4.97 B6.71 B8.17 B
Shareholders Equity USD8.32 B9.52 B8.01 B4.97 B6.71 B8.17 B
Goodwill and Intangible Assets2.69 B2.83 B2.81 B2.8 B2.84 B2.93 B
Inventory2.4 B3.03 B3.14 B2.35 B2.36 B2.44 B
Total Liabilities16.74 B16.44 B17.35 B15.7 B15.59 B17.38 B
Current Liabilities4.86 B4.8 B4.88 B4.42 B4.31 B4.27 B
Liabilities Non Current11.87 B11.64 B12.47 B11.28 B11.29 B12.36 B
Trade and Non Trade Payables2.55 B3.02 B2.43 B1.57 B2.35 B2.54 B
Property Plant and Equipment Net8.52 B8.87 B8.24 B5.11 B5.26 B6.57 B
Trade and Non Trade Receivables5.04 B5.23 B4.58 B3.07 B3.67 B4.05 B
Accumulated Retained Earnings Deficit12.67 B13.74 B11.99 B8.69 B9.71 B11.39 B
Tax Assets1.23 B1.38 B1.68 B2.17 B2.69 B2.22 B
Tax Liabilities231 M248 M310 M508 M553 M492.08 M

Be your own money manager

Our tools can tell you how much better you can do entering a position in Halliburton without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Equity Analysis Now

   

Equity Analysis

Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
All  Next Launch Module

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Halliburton using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Please check Risk vs Return Analysis. 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for Halliburton Stock analysis

When running Halliburton price analysis, check to measure Halliburton's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Halliburton is operating at the current time. Most of Halliburton's value examination focuses on studying past and present price action to predict the probability of Halliburton's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Halliburton's price. Additionally, you may evaluate how the addition of Halliburton to your portfolios can decrease your overall portfolio volatility.
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
CEO Directory
Screen CEOs from public companies around the world
Go
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 YOY
-0.53
Market Capitalization
25.4 B
Quarterly Revenue Growth YOY
0.37
Return On Assets
0.0611
Return On Equity
0.23
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.