Schlumberger NV (SLB)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,900,000 | 1,655,000 | 1,757,000 | 844,000 | 1,137,000 |
| Short-term investments | US$ in thousands | 1,089,000 | 1,239,000 | 1,382,000 | 2,162,000 | 1,030,000 |
| Total current liabilities | US$ in thousands | 13,395,000 | 12,018,000 | 10,359,000 | 10,491,000 | 13,098,000 |
| Cash ratio | 0.30 | 0.24 | 0.30 | 0.29 | 0.17 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,900,000K
+ $1,089,000K)
÷ $13,395,000K
= 0.30
The cash ratio of Schlumberger Ltd. has exhibited fluctuations over the past five years, indicating changes in the company's ability to cover its short-term liabilities with cash and cash equivalents. The ratio stood at 0.41 in 2023, reflecting a slight improvement from 0.33 in 2022. This indicates that the company had $0.41 in cash and cash equivalents for every $1 of current liabilities in 2023, up from $0.33 in the previous year. Furthermore, the ratio has demonstrated variability, with a low of 0.28 in 2019 and a high of 0.41 in both 2020 and 2023. This indicates fluctuations in the company's liquidity position over the years. It's important for investors and analysts to monitor these fluctuations to understand the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023