• Halliburton average debt/equity ratio for 2023 was 0.88, a 20.72% decline from 2022.
• Halliburton average debt/equity ratio for 2022 was 1.11, a 30.63% decline from 2021.
• Halliburton average debt/equity ratio for 2021 was 1.6, a 8.05% decline from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.