Halliburton Trade and Non Trade Receivables vs Tax Liabilities Analysis

HAL
 Stock
  

USD 28.21  0.26  0.91%   

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 Trade and Non Trade Receivables and its Tax Liabilities accounts. Please check Risk vs Return Analysis.

Trade and Non Trade Receivables vs Tax Liabilities

Trade and Non Trade Receivables vs Tax Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Halliburton Trade and Non Trade Receivables account and Tax Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Halliburton's Trade and Non Trade Receivables and Tax Liabilities is -0.29. Overlapping area represents the amount of variation of Trade and Non Trade Receivables that can explain the historical movement of Tax Liabilities in the same time period over historical financial statements of Halliburton, assuming nothing else is changed. The correlation between historical values of Halliburton's Trade and Non Trade Receivables and Tax Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Trade and Non Trade Receivables of Halliburton are associated (or correlated) with its Tax Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Liabilities has no effect on the direction of Trade and Non Trade Receivables i.e., Halliburton's Trade and Non Trade Receivables and Tax Liabilities go up and down completely randomly.

Correlation Coefficient

-0.29
Relationship DirectionNegative 
Relationship StrengthInsignificant

Trade and Non Trade Receivables

A component of Total Assets representing trade and non-trade receivables.

Tax Liabilities

A component of Total Liabilities representing outstanding tax liabilities.
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

Halliburton Investors Sentiment

The influence of Halliburton's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Halliburton. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Halliburton's public news can be used to forecast risks associated with investment in Halliburton. The trend in average sentiment can be used to explain how an investor holding Halliburton can time the market purely based on public headlines and social activities around Halliburton. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Halliburton's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Halliburton's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Halliburton's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Halliburton.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Halliburton in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Halliburton's short interest history, or implied volatility extrapolated from Halliburton options trading.

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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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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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 YOY
-0.53
Market Capitalization
26.8 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.